Table 5.

Long- and short-run causality test results for exports.

		P			Tmax			Tmin
RE
		Coefficient	t-Statistic	Prob.	Coefficient	t-Statistic	Prob.	Coefficient	t-Statistic	Prob.
Long run		−0.194	−3.159	0.0023	−0.195	−3.129	0.0025	−0.1950	−1.3612	0.0018
	Durbin-Watson stat	2.220			2.132			1.9274
Short-run	Wald test	0.943		0.6242	0.329		0.8485	2.0296		0.3625
ME
Long run		−0.498	−7.227	0.000	−0.500	−7.381	0.000	−0.4899	−7.1974	0.000
	Durbin-Watson stat	2.154			2.066			1.9867
Short-run	Wald test	2.555		0.287	8.271		0.016	12.5264		0.0019
SE
Long run		−0.200	−2.079	0.041	−0.200	−2.198	0.031	−0.1834	−2.1437	0.0353
	Durbin-Watson stat	2.197			2.237			1.8703
Short-run	Wald test	0.562		0.7551	5.148		0.0762	9.6368		0.0081

Note: The highlighted values indicate the significance of the variables. For variable definitions, please refer to Table 1.