Table 5 Long-run equilibrium in the external food market
Variable names | Coefficient | Standard Error | Z value |
|---|---|---|---|
LFOOD | 1 | ||
LXRATE | 1.55*** | 0.22 | -7.08 |
LCEREAL | 0.23*** | 0.07 | -3.18 |
Constant | 8.05 | ||
Error correction | -0.04** | 0.02 | -2.28 |
LM test for autocorrelation at lag 2 | 8.81 (0.45) | ||
Jacque-Bera | 121.38 (0.00) |