The cointegration test results reported in Table 2 indicate that PROD, WD, and NEXPR as well as PROD, MSLR, and NEXPR are cointegrated.
t] terms are the speed of adjustment residuals from the cointegration tests among PROD, WD, and NEXPR and the cointegration tests among PROD, MSLR, and NEXPR reported previously in Table 2.
TABLE 1 Augmented Dickey-Fuller Test Results for MSLR, MULR, NEXPR, PROD, and WD Variable Test Results MSLR (a) -0.
VEC modeling provides information on the short-run relationships among any two or more cointegrated variables, such as NEXPR and WD, and NEXPR, MSLR, and MULR.
This modeling includes all three test variables, NEXPR, MSLR, and MULR.