Table 5. Error Correction form.

Variable	Coefficient	Std. Error	t-Statistic	p-Value
D (LnNSE(-1))	-0.132218	0.048813	-2.70869	0.0076**
D (LnSP)	-0.000665	0.031748	-0.020939	0.9833
D (LnIMP)	-0.105707	0.036631	-2.885751	0.0045**
D (LnIIP)	0.000404	0.006163	0.065519	0.9479
D (LnGP)	-0.059503	0.058602	-1.015377	0.3117
D (LnFER)	0.385728	0.129725	2.973437	0.0035**
D (LnER)	-1.37868	0.13982	-9.860403	0.0000*
D (LnCPI)	0.020965	0.015267	1.373214	0.1719
CointEq(-1)*	-0.227427	0.017871	-12.72577	0.0000*
R-squared	0.677981

Note: *, ** and *** Indicate significance at the 1%, 5% and 10% level, respectively.