From: Cointegration between macroeconomic factors and the exchange rate USD/CNY
Variables | Coefficient | Std. Error | t-Statistic | Prob. |
---|---|---|---|---|
D (GDPG (−1)) | 0.7010 | 0.1620 | 4.4280 | 0.0008 |
D (INFR) | 0.1588 | 0.0466 | 3.4077 | 0.0060 |
D (INTR) | −0.1118 | 0.0608 | −1.8388 | 0.3868 |
D (TRDO) | 0.6880 | 0.2466 | −2.4257 | 0.0368 |
ECT (−1) | −0. .5786 | 0.1867 | 3.0990 | 0.0083 |