Table 3.
Estimated UECM of Iranian Pharmaceutical Export supply Function without dummy variable (D).
| Variables | Coefficients | Standard Deviation | t statistic | Probability |
|---|---|---|---|---|
| Fixed | -17.71 | 4.94 | -3.58 | 0.001 |
| DLREEXPt(-4) | 0.349 | 0.157 | 2.21 | 0.033 |
| LEXPTt(-8) | -0.135 | 0.029 | -4.53 | 0.0001 |
| LREEXPt(-7) | 0.148 | 0.044 | 3.37 | 0.001 |
| TIME | 0.00002 | 0.000006 | 3.54 | 0.001 |
| R2 | 0.7857 | |||
| Adjusted R2 | 0.7178 | |||
| F statistic | 11.24 | |||
| Durbin-Watson statistic | 2.019 | |||
| Schwartz statistic | -5.66 | |||
| Akaike statistic | -5.87 | |||
| Long run price elasticity | 1.01 | |||