Dependent Variable: CONS

Method: Panel Dynamic Least Squares (DOLS)

Date: 05/28/15 Time: 11:01
Sample (adjusted): 2 34
Periods included: 33
Cross-sections included: 24
Total panel (unbalanced) observations: 770
Panel method: Pooled estimation
Cointegrating equation deterministics: C
Automatic leads and lags specification (based on AIC criterion,
Coefficient covariance computed using default method
Long-run variance (Bartlett kernel, Newey-West fixed bandwidth
coefficient covariances
Variable

Coefficient

Std. Error

t-Statistic

EK

0.916971

0.010660

86.01815

R-squared
Adjusted R-squared
S.E. of regression
Long-run variance

0.999663
0.999629
0.038620
0.004145

Mean dependent var

S.D. dependent var
Sum squared resid

Prob.
0.0000
11.09371
2.004748
1.042587