Dependent variable |
Regressor |
Cointegration* |
Dependent variable |
Regressor |
Cointegration* |
||
CRMZIM |
= |
WRMZRP |
|
CRBMPF |
= |
CRBMEX |
|
|
|
1.20 |
-0.93 |
|
|
-0.14 |
-0.24 |
|
|
5.71 |
-3.85 |
|
|
-0.16 |
2.21 |
|
|
|
|
|
|
|
|
CRMZPR |
= |
WRMZRP |
|
CRPMIM |
= |
WRPMRP |
|
|
|
0.43 |
-0.23 |
|
|
0.50 |
-0.75 |
|
|
1.15 |
-1.77 |
|
|
2.54 |
-3.26 |
|
|
|
|
|
|
|
|
CRMZPR |
= |
CRMZIM |
|
CRPMEX |
= |
WRPMRP |
|
|
|
0.21 |
-0.30 |
|
|
0.75 |
-0.67 |
|
|
1.63 |
-2.02 |
|
|
3.08 |
-3.26 |
|
|
|
|
|
|
|
|
CRMPIM |
= |
WRMPRP |
|
CRPMPF |
= |
WRPMRP |
|
|
|
1.16 |
-0.24 |
|
|
1.39 |
-0.33 |
|
|
1.95 |
-2.17 |
|
|
1.70 |
-1.91 |
|
|
|
|
|
|
|
|
CRBMIM |
= |
WRBMRP |
|
CRPMPF |
= |
CRPMIM |
|
|
|
0.54 |
-0.75 |
|
|
0.34 |
-0.08 |
|
|
1.87 |
-3.53 |
|
|
0.21 |
-0.68 |
|
|
|
|
|
|
|
|
CRBMEX |
= |
WRBMRP |
|
CRPMPF |
= |
CRPMEX |
|
|
|
1.15 |
-0.85 |
|
|
1.29 |
-0.57 |
|
|
18.12 |
-3.88 |
|
|
4.30 |
-2.57 |
|
|
|
|
|
|
|
|
CRBMPF |
= |
WRBMRP |
|
CRPLIM |
= |
WRPLRP |
|
|
|
0.16 |
-0.23 |
|
|
1.34 |
-0.27 |
|
|
0.17 |
-1.51 |
|
|
0.71 |
-1.47 |
|
|
|
|
|
|
|
|
CRBMPF |
= |
CRBMIM |
|
CRPLEX |
= |
WRPLRP |
|
|
|
0.39 |
-0.27 |
|
|
0.59 |
-1.02 |
|
|
1.78 |
-1.82 |
|
|
2.81 |
-2.99 |
|
|
|
|
|
|
|
|
CRBMEX |
= |
CRBMPF |
|
|
|
|
|
|
|
0.61 |
-0.10 |
|
|
|
|
|
|
0.13 |
-0.59 |
|
|
|
|
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