Anirudh:

- The speed-of-adjustment coefficient, \(\alpha\), is positive, as it should be to have convergence towards the long-run equilbrium. What is reported is \(- \alpha\). You cannot directly infer from the regression table that it is statistically significant because the usual
*p*-values are not valid. You need to look at the results from the bounds test with estat ectest, precisely the bounds test for the*t*-statistic. - That is correct.
- That is correct, too.

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