Vector Error Correction Estimates  
Date: 03/03/10   Time: 16:09  
Sample (adjusted): 1981 2006  
Included observations: 26 after adjustments  
Standard errors in ( ) & t-statistics in [ ]  
  
Cointegrating Eq:  CointEq1
  
RRC(-1)  1.000000
  
CRC(-1) -0.320945
  (0.01236)
[-25.9736]
  
C -229.9681
  
Error Correction: D(RRC) D(CRC)
  
CointEq1 -0.371178  0.590310
  (0.25357)  (0.56154)
[-1.46383] [ 1.05124]
  
D(RRC(-1))  0.666596  0.819862
  (0.28736)  (0.63638)
[ 2.31969] [ 1.28832]
  
D(RRC(-2)) -0.144690 -0.596421
  (0.32434)  (0.71827)
[-0.44610] [-0.83035]
  
D(CRC(-1))  0.112840  0.522376
  (0.13512)  (0.29924)
[ 0.83509] [ 1.74569]
  
D(CRC(-2))  0.136329  0.049304
  (0.12873)  (0.28508)
[ 1.05901] [ 0.17295]
  
C -8.882861  140.2639
  (38.6397)  (85.5697)
[-0.22989] [ 1.63918]
  
R-squared  0.534948  0.617535
Adj. R-squared  0.418685  0.521919
Sum sq. resids  165662.2  812447.7
S.E. equation  91.01159  201.5500
F-statistic  4.601189  6.458472
Log likelihood -150.7673 -171.4386
Akaike AIC  12.05903  13.64913
Schwarz SC  12.34936  13.93946
Mean dependent  122.9615  344.5000
S.D. dependent  119.3688  291.4955
  
Determinant resid covariance (dof adj.)   1.27E+08
Determinant resid covariance   74859951
Log likelihood  -309.4895
Akaike information criterion   24.88381
Schwarz criterion   25.56124