System: SISTEMA1

Estimation Method: Two-Stage Least Squares

Date: 08/25/22 Time: 17:53
Sample: 1993Q2 2022Q1
Included observations: 116
Total system (balanced) observations 232

Coefficient Std. Error t-Statistic Prob.  

C(1) -562812.7 132570.0 -4.245400 0.0000

C(2) 0.743865 0.043670 17.03363 0.0000
C(3) 0.083567 0.043245 1.932404 0.0546
C(4) -2887475. 173593.2 -16.63357 0.0000
C(5) 0.503733 0.048632 10.35803 0.0000
C(6) 0.009505 0.033145 0.286771 0.7746
C(7) 0.321078 0.036712 8.745799 0.0000

Determinant residual covariance 1.09E+21

Equation: CN=C(1)+C(2)*Y+C(3)*Y(-1) 
Instruments: C Y(-1) CN(-1) X I
Observations: 116
R-squared 0.986939    Mean dependent var 11456119
Adjusted R-squared 0.986707    S.D. dependent var 2165360.
S.E. of regression 249652.1    Sum squared resid 7.04E+12
Durbin-Watson stat 0.398698

Equation: IM=C(4)+C(5)*CN+C(6)*CN(-1)+C(7)*X 
Instruments: C Y(-1) CN(-1) X I
Observations: 116
R-squared 0.993244    Mean dependent var 4338940.
Adjusted R-squared 0.993063    S.D. dependent var 1634600.
S.E. of regression 136143.0    Sum squared resid 2.08E+12
Durbin-Watson stat 1.465005

Estimation Command:
=====================
TSLS

Estimated Equations:
=====================
CN=C(1)+C(2)*Y+C(3)*Y(-1)

IM=C(4)+C(5)*CN+C(6)*CN(-1)+C(7)*X

Substituted Coefficients:
=====================
CN=-562812.712703+0.743864894552*Y+0.0835669613764*Y(-1)

IM=-2887474.89992+0.503732658902*CN+0.0095050749722*CN(-1)+0.321078093867*X
System: SISTEMA1
Estimation Method: Three-Stage Least Squares
Date: 08/25/22 Time: 18:20
Sample: 1993Q2 2022Q1
Included observations: 116
Total system (balanced) observations 232
Linear estimation after one-step weighting matrix

Coefficient Std. Error t-Statistic Prob.  

C(1) -563067.8 130844.5 -4.303337 0.0000

C(2) 0.743765 0.043102 17.25594 0.0000
C(3) 0.083685 0.042682 1.960664 0.0512
C(4) -2899359. 170562.0 -16.99885 0.0000
C(5) 0.505930 0.047784 10.58778 0.0000
C(6) 0.009290 0.032569 0.285249 0.7757
C(7) 0.318494 0.036071 8.829655 0.0000

Determinant residual covariance 1.09E+21

Equation: CN=C(1)+C(2)*Y+C(3)*Y(-1) 
Instruments: C Y(-1) CN(-1) X I
Observations: 116
R-squared 0.986938    Mean dependent var 11456119
Adjusted R-squared 0.986707    S.D. dependent var 2165360.
S.E. of regression 249653.7    Sum squared resid 7.04E+12
Durbin-Watson stat 0.398781

Equation: IM=C(4)+C(5)*CN+C(6)*CN(-1)+C(7)*X 
Instruments: C Y(-1) CN(-1) X I
Observations: 116
R-squared 0.993247    Mean dependent var 4338940.
Adjusted R-squared 0.993066    S.D. dependent var 1634600.
S.E. of regression 136112.6    Sum squared resid 2.07E+12
Durbin-Watson stat 1.466707

Estimation Command:
=====================
3SLS

Estimated Equations:
=====================
CN=C(1)+C(2)*Y+C(3)*Y(-1)

IM=C(4)+C(5)*CN+C(6)*CN(-1)+C(7)*X

Substituted Coefficients:
=====================
CN=-563067.811923+0.74376454122*Y+0.0836854091636*Y(-1)

IM=-2899358.51342+0.505930409062*CN+0.00929015767496*CN(-1)+0.318493529764*X
System: SISTEMA1
Estimation Method: Seemingly Unrelated Regression
Date: 08/25/22 Time: 18:39
Sample: 1993Q2 2022Q1
Included observations: 116
Total system (balanced) observations 232
Linear estimation after one-step weighting matrix

Coefficient Std. Error t-Statistic Prob.  

C(1) -569000.6 130532.6 -4.359070 0.0000

C(2) 0.754208 0.039923 18.89138 0.0000
C(3) 0.073605 0.039672 1.855337 0.0649
C(4) -2968282. 148653.5 -19.96779 0.0000
C(5) 0.527923 0.035635 14.81475 0.0000
C(6) -0.001270 0.027095 -0.046879 0.9627
C(7) 0.303552 0.031222 9.722502 0.0000

Determinant residual covariance 1.08E+21

Equation: CN=C(1)+C(2)*Y+C(3)*Y(-1)
Observations: 116
R-squared 0.986948    Mean dependent var 11456119
Adjusted R-squared 0.986717    S.D. dependent var 2165360.
S.E. of regression 249563.2    Sum squared resid 7.04E+12
Durbin-Watson stat 0.392303

Equation: IM=C(4)+C(5)*CN+C(6)*CN(-1)+C(7)*X
Observations: 116
R-squared 0.993254    Mean dependent var 4338940.
Adjusted R-squared 0.993073    S.D. dependent var 1634600.
S.E. of regression 136047.1    Sum squared resid 2.07E+12
Durbin-Watson stat 1.499493

CN: