Table 5.

DOLS results.

Variable	Coefficient	Std. Error	Prob.
TR	-0.115	0.036	0.002
RE	-0.239	0.042	0.000
Y	2.259	1.342	0.096
Y2	-0.233	0.167	0.0167
Adj. R2	0.99	Mean dependent var	-2.18
S.E. of regression	0.02	S.D. dependent var	0.35

Source: Authors’ estimations using EVIEWS 9.0