Variable	BB				GE
Variable	Coefficient		t-statistic		Coefficient		t-statistic
Long Run
\({Fiscal\ variable}^{+}\)	-0.0108		-0.9342		0.0022		0.4977
\({Fiscal\ variable}^{-}\)	-0.0070		-0.6843		-0.0059		-1.0925
\({IR}^{+}\)	0.0407		0.4709		0.1307		1.6560
\({IR}^{-}\)	-0.0407		-0.9884		0.0378		1.0676
\({RGDP}^{+}\)	5.3243^*		1.9914		1.2598		0.8059
\({RGDP}^{-}\)	-3.3776^*		-1.8115		-5.8369^**		-2.2300
\({CPI}^{+}\)	1.7767		0.9726		1.4701		0.9816
\({CPI}^{-}\)	7.7914		1.4644		1.2743		0.4272
\({WTI}^{+}\)	-0.3084		-0.5863		-0.6444		-1.5866
\({WTI}^{-}\)	-1.0322		-1.4913		-0.6764		-1.4223
\({REER}^{+}\)	-13.1374^**		-2.3907		-9.3904^***		-2.6665
\({REER}^{-}\)	5.6655^**		2.1351		6.2241^***		2.7031
Short Run
Constant	0.0212		1.6375		3.2712^***		8.7493
\({\mathrm{\Delta}KLCI}_{- 1}\)	-0.2116^**		-2.6260		-		-
\({\mathrm{\Delta}Fiscal\ variable}^{+}\)	0.0065^***		3.3113		-		-
\({\mathrm{\Delta}Fiscal\ variable}^{-}\)	-0.0092^***		-4.6991		-0.0001		-0.0476
\({\mathrm{\Delta}Fiscal\ variable}_{- 1}^{-}\)	-0.0039^**		-2.2918		0.0033^***		2.6827
\({\mathrm{\Delta}IR}^{+}\)	-0.0196		-1.0472		-0.0085		-0.3804
\({\mathrm{\Delta}IR}_{- 1}^{+}\)	-0.0462^**		-2.5295		-0.0788^***		-4.1002
\({\mathrm{\Delta}IR}^{-}\)	-		-		-1.1373^**		-2.4959
\({\mathrm{\Delta}IR}_{- 1}^{-}\)	-		-		1.2932^**		2.6219
\({\mathrm{\Delta}CPI}^{-}\)	-0.8282		-0.7072		-		-
\({\mathrm{\Delta}WTI}^{+}\)	-0.0019		-0.0167		-		-
\({\mathrm{\Delta}WTI}_{- 1}^{+}\)	-0.2014^*		-1.7917		-		-
\({\mathrm{\Delta}WTI}^{-}\)	0.2151^**		2.0448		0.1681^**		2.6109
\({\mathrm{\Delta}WTI}_{- 1}^{-}\)	0.1577^*		1.6764		-		-
\({\mathrm{\Delta}REER}^{+}\)	-1.2959		-1.2206		-1.1570		-1.1658
\({\mathrm{\Delta}REER}_{- 1}^{+}\)	3.7593^***		4.2034		-		-
\({\mathrm{\Delta}REER}^{-}\)	-1.0477^**		-2.0891		0.3184		0.5648
\({\mathrm{\Delta}REER}_{- 1}^{-}\)	-		-		1.7060^***		3.0435
\({ECT}_{- 1}\)	-0.3135^***		-6.4187		-0.3720^***		-7.7127