| Period
93:1 to 96:12 |
|
| ||
| Contem-poraneous | Lags Only |
|
| |
| M1 | 1.40(1) | 0.01(1) | 0.01(1) | 0.20(1) |
| M2 | 0.13(1) | 0.01(1) | 0.95(1) | 1.13(1) |
| Exports | 0.01(1) | 2.78(2) | 2.61(1) | 0.44(1) |
| Imports | 0.60(1) | 1.31(1) | 5.02(1)** | 10.05(2)*** |
| Trade Balance | 1.40(1) | 4.1(2) | 0.01(1) | 21.57(5)*** |
| For. Cap.Inflow | 0.54(1) | 12.5(4)** | 2.54(1) | 4.30(2) |
| Budget Deficit | 4.33(1)** | 8.00(4)* | 0.09(1) | 0.01(1) |
| Gov. Debt | 4.34(1)** | 6.60(3)* | 0.03(1) | 0.53(1) |
| Price Level (CPI) | 0.42(1) | 0.10(1) | 3.42(1)* | 5.82(1)** |
| Price Level (PPI) | 0.50(1) | 5.27(2) | 4.41(1)** | 7(1)*** |
| Exch.Rate (US$) | 4.45(1)** | 16.01(2)*** | 9.16(1)*** | 14.64(4)*** |
| Ind. Production | 1.48(1) | 17.40(5)*** | 1.93(1) | 20.42(5)*** |
| Period
93:1 to 96:12 |
|
| ||
| Contem-poraneous | Lags Only |
|
| |
| M1 | 1.43(1) | 76.05(5)*** | 0.07(1) | 92.74(5)*** |
| M2 | 5.44(1)** | 71.40(5)*** | 1.04(1) | 91.28(5)*** |
| Exports | 1.03(1) | 63.07(5)*** | 0.01(1) | 87.01(5)*** |
| Imports | 0.16(1) | 62.18(5)*** | 0.08(1) | 86.41(5)*** |
| Trade Balance | 2.15(1) | 62.72(5)*** | 0.12(1) | 88.29(5)*** |
| For. Cap.Inflow | 12.75(1)*** | 79.64(5)*** | 16.37(1)*** | 107.31(5)*** |
| Budget Deficit | 0.29(1) | 62.36(5)*** | 2.42(1) | 89.74(5)*** |
| Gov. Debt | 0.12(1) | 76.61(5)*** | 19.42(1)*** | 108.44(5)*** |
| Price Level (CPI) | 5.86(1)** | 68.73(5)*** | 1.84(1) | 97.47(5)*** |
| Price Level (PPI) | 7.44(1)*** | 68.62(5)*** | 1.18(1) | 91.08(5)*** |
| Exch.Rate (US$) | 7.02(1)*** | 54.20(5)*** | 1.68(1) | 76.35(5)*** |
| Ind. Production | 2.02(1) | 67.86(5)*** | 0.45(1) | 86.50(5)*** |