Dependent variable |
Regressors |
Cointegration* |
Dependent variable |
Regressors |
Cointegration* |
||
UYWHIM |
= |
WRWHRP |
|
UYPMPF |
= |
WRPMRP |
|
|
|
1.14 |
-1.42 |
|
|
0.96 |
-1.20 |
|
|
6.72 |
-6.12 |
|
|
0.67 |
-3.91 |
|
|
|
|
|
|
|
|
UYWHPR |
= |
WRWHRP |
|
UYSHPR |
= |
WRSHRP |
|
|
|
-0.03 |
-0.54 |
|
|
0.81 |
-1.01 |
|
|
-0.02 |
-3.43 |
|
|
6.33 |
-4.19 |
|
|
|
|
|
|
|
|
UYWHPF |
= |
WRWHRP |
|
UYSHPF |
= |
WRSHRP |
|
|
|
0.43 |
-0.54 |
|
|
0.91 |
-0.95 |
|
|
0.41 |
-2.62 |
|
|
5.56 |
-3.46 |
|
|
|
|
|
|
|
|
UYWHPR |
= |
UYWHIM |
|
UYSYIM |
= |
WRSYRP |
|
|
|
0.14 |
-0.33 |
|
|
0.16 |
-1.19 |
|
|
0.35 |
-2.44 |
|
|
0.61 |
-5.98 |
|
|
|
|
|
|
|
|
UYRIEX |
= |
WRRIRP |
|
UYSYPF |
= |
WRSYRP |
|
|
|
1.25 |
-0.31 |
|
|
0.50 |
-1.24 |
|
|
4.62 |
-2.18 |
|
|
4.90 |
-6.25 |
|
|
|
|
|
|
|
|
UYRIPR |
= |
WRRIRP |
|
UYSFPR |
= |
WRSFRP |
|
|
|
0.33 |
-0.92 |
|
|
0.68 |
-1.21 |
|
|
2.27 |
-3.32 |
|
|
10.93 |
-4.62 |
|
|
|
|
|
|
|
|
UYRIPF |
= |
WRRIRP |
|
UYSFPF |
= |
WRSFRP |
|
|
|
1.09 |
-0.60 |
|
|
0.88 |
1.38 |
|
|
5.02 |
-2.32 |
|
|
7.94 |
-5.44 |
|
|
|
|
|
|
|
|
UYMZIM |
= |
WRMZRP |
|
UYBMEX |
= |
WRBMRP |
|
|
|
-0.22 |
-0.73 |
|
|
0.72 |
-0.80 |
|
|
-0.29 |
-3.02 |
|
|
4.60 |
-3.64 |
|
|
|
|
|
|
|
|
UYMZPF |
= |
WRMZRP |
|
UYBMPF |
= |
WRBMRP |
|
|
|
0.69 |
-0.61 |
|
|
2.67 |
-1.16 |
|
|
2.35 |
-2.82 |
|
|
1.59 |
-3.90 |
|
|
|
|
|
|
|
|
UYPMEX |
= |
WRPMRP |
|
|
|
|
|
|
|
0.51 |
-1.50 |
|
|
|
|
|
|
1.64 |
-5.64 |
|
|
|
|
see Table 1 for variables' names
* figures reported are the ADF coefficients and t values for the level of the residual of the static regression between the two variables reported on the left. This corresponds to the Engle and Granger (1987) test for cointegration