Equivalencia Ricardiana: un análisis para la economía uruguaya (página 7)

 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)

-1.100169

 (0.10780)

[-10.2055]

GP(-1)

 1.934373

 (0.61156)

[ 3.16303]

BP(-1)

-0.004017

 (0.01102)

[-0.36472]

Error Correction:

D(CP)

D(YP)

D(GP)

D(BP)

CointEq1

-0.333988

-0.346705

-0.099093

 0.594354

 (0.15065)

 (0.11050)

 (0.04585)

 (0.31426)

[-2.21696]

[-3.13749]

[-2.16101]

[ 1.89126]

D(CP(-1))

-0.326289

 0.322141

 0.148158

 0.016004

 (0.30173)

 (0.22132)

 (0.09184)

 (0.62941)

[-1.08141]

[ 1.45556]

[ 1.61326]

[ 0.02543]

D(CP(-2))

-0.163571

 0.181193

 0.161230

-0.295374

 (0.33776)

 (0.24775)

 (0.10281)

 (0.70458)

[-0.48428]

[ 0.73135]

[ 1.56827]

[-0.41922]

D(CP(-3))

 0.054401

 0.211220

 0.152416

 0.137449

 (0.32850)

 (0.24096)

 (0.09999)

 (0.68526)

[ 0.16560]

[ 0.87659]

[ 1.52436]

[ 0.20058]

D(CP(-4))

 0.528930

 0.281036

 0.182903

 0.895216

 (0.30501)

 (0.22372)

 (0.09284)

 (0.63626)

[ 1.73415]

[ 1.25617]

[ 1.97015]

[ 1.40701]

D(CP(-5))

 0.254592

 0.267877

 0.196783

 0.036604

 (0.24914)

 (0.18275)

 (0.07583)

 (0.51972)

[ 1.02188]

[ 1.46583]

[ 2.59496]

[ 0.07043]

D(YP(-1))

 0.113961

-0.648631

-0.167134

 0.280412

 (0.41694)

 (0.30583)

 (0.12691)

 (0.86975)

[ 0.27333]

[-2.12090]

[-1.31698]

[ 0.32241]

D(YP(-2))

 0.199192

-0.059344

-0.167008

 0.133972

 (0.44010)

 (0.32282)

 (0.13396)

 (0.91807)

[ 0.45260]

[-0.18383]

[-1.24673]

[ 0.14593]

D(YP(-3))

-0.163559

-0.249191

-0.087603

-0.799904

 (0.42464)

 (0.31147)

 (0.12925)

 (0.88581)

[-0.38517]

[-0.80004]

[-0.67778]

[-0.90302]

D(YP(-4))

-0.780336

-0.312549

-0.230155

-1.459268

 (0.40254)

 (0.29527)

 (0.12253)

 (0.83972)

[-1.93851]

[-1.05852]

[-1.87843]

[-1.73780]

D(YP(-5))

-0.246285

-0.408812

-0.264923

-0.090677

 (0.37958)

 (0.27843)

 (0.11554)

 (0.79182)

[-0.64883]

[-1.46830]

[-2.29300]

[-0.11452]

D(GP(-1))

 1.108841

 0.762664

-0.326911

-0.792677

 (0.53906)

 (0.39540)

 (0.16408)

 (1.12449)

[ 2.05701]

[ 1.92884]

[-1.99244]

[-0.70492]

D(GP(-2))

 0.474020

 0.310680

-0.448010

 0.436605

 (0.57743)

 (0.42355)

 (0.17576)

 (1.20453)

[ 0.82092]

[ 0.73352]

[-2.54905]

[ 0.36247]

D(GP(-3))

 0.886386

 0.603807

-0.272980

-0.786367

 (0.59303)

 (0.43499)

 (0.18050)

 (1.23707)

[ 1.49468]

[ 1.38810]

[-1.51233]

[-0.63567]

D(GP(-4))

 0.274970

 0.547516

 0.038933

-0.204661

 (0.58514)

 (0.42920)

 (0.17810)

 (1.22061)

[ 0.46992]

[ 1.27566]

[ 0.21860]

[-0.16767]

D(GP(-5))

 1.116480

 0.483717

 0.109080

-0.891962

 (0.51942)

 (0.38100)

 (0.15810)

 (1.08352)

[ 2.14948]

[ 1.26961]

[ 0.68995]

[-0.82320]

D(BP(-1))

-0.028229

-0.035222

-0.002975

 0.155106

 (0.02816)

 (0.02065)

 (0.00857)

 (0.05874)

[-1.00256]

[-1.70539]

[-0.34714]

[ 2.64067]

D(BP(-2))

 0.031341

 0.028510

 0.001320

 0.041603

 (0.02819)

 (0.02068)

 (0.00858)

 (0.05881)

[ 1.11160]

[ 1.37860]

[ 0.15385]

[ 0.70737]

D(BP(-3))

 0.029664

 0.030449

-0.000612

-0.089170

 (0.02761)

 (0.02025)

 (0.00840)

 (0.05760)

[ 1.07433]

[ 1.50345]

[-0.07283]

[-1.54813]

D(BP(-4))

 0.001705

-0.001885

 0.000364

-0.273054

 (0.02812)

 (0.02063)

 (0.00856)

 (0.05866)

[ 0.06064]

[-0.09137]

[ 0.04247]

[-4.65512]

D(BP(-5))

 0.020742

 0.015723

-0.002008

 0.123175

 (0.02748)

 (0.02016)

 (0.00836)

 (0.05733)

[ 0.75476]

[ 0.77999]

[-0.24001]

[ 2.14867]

D(SEAS2)

 0.009623

-1.365309

-0.298932

 0.526356

 (0.92907)

 (0.68148)

 (0.28279)

 (1.93807)

[ 0.01036]

[-2.00345]

[-1.05709]

[ 0.27159]

D(SEAS3)

 0.802128

-1.058440

-0.536020

 1.439104

 (1.07950)

 (0.79182)

 (0.32858)

 (2.25188)

[ 0.74305]

[-1.33672]

[-1.63135]

[ 0.63907]

D(SEAS4)

 3.256357

 1.477987

-0.131211

 1.880969

 (0.91115)

 (0.66833)

 (0.27733)

 (1.90068)

[ 3.57392]

[ 2.21147]

[-0.47312]

[ 0.98963]

D(F=>2002.03)

-2.915896

-1.795363

-0.615288

 31.27456

 (0.90329)

 (0.66257)

 (0.27494)

 (1.88429)

[-3.22809]

[-2.70971]

[-2.23791]

[ 16.5976]

D(F=2006.01)

 0.195013

-0.048124

 0.615415

 0.954993

 (0.81785)

 (0.59990)

 (0.24893)

 (1.70606)

[ 0.23845]

[-0.08022]

[ 2.47220]

[ 0.55977]

 R-squared

 0.912003

 0.949471

 0.633668

 0.922538

 Adj. R-squared

 0.862005

 0.920761

 0.425525

 0.878525

 Sum sq. resids

 23.54924

 12.67018

 2.181719

 102.4750

 S.E. equation

 0.731580

 0.536618

 0.222676

 1.526099

 F-statistic

 18.24069

 33.07152

 3.044385

 20.96068

 Log likelihood

-61.19663

-39.50215

 22.06768

-112.6650

 Akaike AIC

 2.491332

 1.871490

 0.112352

 3.961858

 Schwarz SC

 3.326488

 2.706645

 0.947507

 4.797013

 Mean dependent

 0.104446

 0.146894

-0.001435

 0.275510

 S.D. dependent

 1.969382

 1.906324

 0.293790

 4.378635

 Determinant resid covariance (dof adj.)

 0.008054

 Determinant resid covariance

 0.001257

 Log likelihood

-163.5436

 Akaike information criterion

 7.758388

 Schwarz criterion

 11.22749