Equivalencia Ricardiana: un análisis para la economía uruguaya (página 5)

 Vector Error Correction Estimates

 Sample (adjusted): 1989Q3 2006Q4

 Included observations: 70 after adjustments

 Standard errors in ( ) & t-statistics in [ ]

Cointegrating Eq: 

CointEq1

CP(-1)

 1.000000

YP(-1)

-1.433553

 (0.35119)

[-4.08204]

TP(-1)

 3.996796

 (2.33267)

[ 1.71340]

DP(-1)

 3.023729

 (0.94537)

[ 3.19847]

Error Correction:

D(CP)

D(YP)

D(TP)

D(DP)

CointEq1

-0.244083

-0.267237

-0.059516

-0.027660

 (0.12950)

 (0.09950)

 (0.02009)

 (0.04624)

[-1.88484]

[-2.68568]

[-2.96248]

[-0.59814]

D(CP(-1))

-0.358487

 0.337998

 0.088707

 0.007484

 (0.25573)

 (0.19650)

 (0.03967)

 (0.09132)

[-1.40184]

[ 1.72013]

[ 2.23596]

[ 0.08196]

D(CP(-2))

-0.304342

 0.067092

 0.066449

 0.083519

 (0.30775)

 (0.23647)

 (0.04774)

 (0.10990)

[-0.98892]

[ 0.28372]

[ 1.39177]

[ 0.75997]

D(CP(-3))

-0.144908

 0.062406

 0.069286

 0.080676

 (0.30760)

 (0.23635)

 (0.04772)

 (0.10984)

[-0.47110]

[ 0.26404]

[ 1.45193]

[ 0.73447]

D(CP(-4))

 0.419973

 0.194764

 0.066797

 0.138759

 (0.28832)

 (0.22154)

 (0.04473)

 (0.10296)

[ 1.45663]

[ 0.87914]

[ 1.49337]

[ 1.34772]

D(CP(-5))

 0.001155

 0.063235

 0.019718

 0.132394

 (0.23861)

 (0.18334)

 (0.03702)

 (0.08521)

[ 0.00484]

[ 0.34490]

[ 0.53267]

[ 1.55381]

D(YP(-1))

 0.073257

-0.744874

-0.124311

 0.040864

 (0.37444)

 (0.28771)

 (0.05809)

 (0.13371)

[ 0.19565]

[-2.58895]

[-2.14000]

[ 0.30561]

D(YP(-2))

 0.058993

-0.171436

-0.012383

-0.206932

 (0.42610)

 (0.32741)

 (0.06610)

 (0.15216)

[ 0.13845]

[-0.52361]

[-0.18733]

[-1.35996]

D(YP(-3))

-0.185886

-0.265951

-0.070092

-0.082054

 (0.41949)

 (0.32233)

 (0.06508)

 (0.14980)

[-0.44313]

[-0.82510]

[-1.07705]

[-0.54777]

D(YP(-4))

-0.980314

-0.439262

-0.092095

-0.217736

 (0.40781)

 (0.31336)

 (0.06327)

 (0.14563)

[-2.40382]

[-1.40179]

[-1.45566]

[-1.49513]

D(YP(-5))

-0.053785

-0.253680

-0.005851

-0.191225

 (0.35933)

 (0.27610)

 (0.05575)

 (0.12832)

[-0.14968]

[-0.91878]

[-0.10496]

[-1.49025]

D(TP(-1))

 2.282991

 2.040428

-0.211334

-0.131072

 (0.92541)

 (0.71107)

 (0.14357)

 (0.33046)

[ 2.46700]

[ 2.86951]

[-1.47204]

[-0.39663]

D(TP(-2))

 2.202533

 1.845164

-0.193592

-0.153324

 (0.99331)

 (0.76325)

 (0.15410)

 (0.35471)

[ 2.21736]

[ 2.41752]

[-1.25628]

[-0.43225]

D(TP(-3))

 1.563465

 1.075450

-0.235220

 0.174627

 (0.98880)

 (0.75978)

 (0.15340)

 (0.35310)

[ 1.58117]

[ 1.41548]

[-1.53338]

[ 0.49455]

D(TP(-4))

 1.541300

 1.043697

 0.035028

 0.491060

 (1.00902)

 (0.77532)

 (0.15654)

 (0.36032)

[ 1.52752]

[ 1.34615]

[ 0.22377]

[ 1.36283]

D(TP(-5))

 1.336992

 0.493864

-0.238230

 0.381633

 (0.84291)

 (0.64768)

 (0.13077)

 (0.30100)

[ 1.58616]

[ 0.76251]

[-1.82179]

[ 1.26786]

D(DP(-1))

 0.982283

 0.801527

 0.037309

-0.441779

 (0.53756)

 (0.41306)

 (0.08340)

 (0.19196)

[ 1.82729]

[ 1.94048]

[ 0.44737]

[-2.30137]

D(DP(-2))

 0.305262

 0.279818

-0.048770

-0.422929

 (0.57334)

 (0.44055)

 (0.08895)

 (0.20474)

[ 0.53243]

[ 0.63516]

[-0.54831]

[-2.06569]

D(DP(-3))

 1.106203

 0.849745

-0.065411

-0.162009

 (0.57663)

 (0.44308)

 (0.08946)

 (0.20592)

[ 1.91838]

[ 1.91782]

[-0.73120]

[-0.78677]

D(DP(-4))

 0.364605

 0.660456

-0.000397

 0.105509

 (0.58222)

 (0.44737)

 (0.09032)

 (0.20791)

[ 0.62623]

[ 1.47631]

[-0.00440]

[ 0.50747]

D(DP(-5))

 1.277833

 0.607278

-0.011112

 0.136328

 (0.51867)

 (0.39854)

 (0.08046)

 (0.18522)

[ 2.46367]

[ 1.52377]

[-0.13810]

[ 0.73605]

D(F=>2002.03)

-3.557156

-2.212614

-0.165255

-0.643451

 (0.91756)

 (0.70504)

 (0.14235)

 (0.32766)

[-3.87674]

[-3.13827]

[-1.16092]

[-1.96376]

D(F=2004.02)

 0.986723

 0.629841

 0.432105

-0.284000

 (0.64923)

 (0.49886)

 (0.10072)

 (0.23184)

[ 1.51983]

[ 1.26256]

[ 4.29015]

[-1.22497]

D(SEAS2)

 0.220003

-1.267597

-0.233795

 0.214928

 (0.79854)

 (0.61358)

 (0.12388)

 (0.28516)

[ 0.27551]

[-2.06590]

[-1.88724]

[ 0.75372]

D(SEAS3)

 1.004087

-1.059254

-0.185196

 0.022399

 (0.93612)

 (0.71930)

 (0.14523)

 (0.33429)

[ 1.07260]

[-1.47261]

[-1.27521]

[ 0.06701]

D(SEAS4)

 3.698250

 1.706928

-0.054804

 0.233821

 (0.79184)

 (0.60844)

 (0.12284)

 (0.28277)

[ 4.67045]

[ 2.80542]

[-0.44613]

[ 0.82690]

 R-squared

 0.915532

 0.946775

 0.770198

 0.575466

 Adj. R-squared

 0.867539

 0.916534

 0.639629

 0.334253

 Sum sq. resids

 22.60481

 13.34622

 0.544042

 2.882578

 S.E. equation

 0.716761

 0.550748

 0.111196

 0.255955

 F-statistic

 19.07632

 31.30717

 5.898780

 2.385720

 Log likelihood

-59.76406

-41.32151

 70.67717

 12.31766

 Akaike AIC

 2.450402

 1.923472

-1.276491

 0.390924

 Schwarz SC

 3.285557

 2.758627

-0.441335

 1.226079

 Mean dependent

 0.104446

 0.146894

 0.023558

-0.024993

 S.D. dependent

 1.969382

 1.906324

 0.185232

 0.313696

 Determinant resid covariance (dof adj.)

 4.33E-05

 Determinant resid covariance

 6.76E-06

 Log likelihood

 19.37770

 Akaike information criterion

 2.532066

 Schwarz criterion

 6.001173