Table 5.

Result of asymmetric short run

Variable	Coefficient	Std. error	t-Statistic	Prob
D(${\mathbf{N}\mathbf{C}}^{+}$)	1.19E-05**	5.14E-06	2.3208	0.0210
D(${\mathbf{N}\mathbf{C}}^{-}$)	−2.36E-05*	5.98E-06	−3.9457	0.0001
D(${\mathbf{N}\mathbf{D}}^{+}$)	0.0001	0.0001	0.7603	0.4477
D(${\mathbf{L}\mathbf{D}}^{-}$)	−0.7944*	0.2577	−3.0824	0.0022
ECTt−1	−0.1278*	0.0223	−5.7190	0.0000