Investor Presentaiton

✓ ICTEDPS Methodological Framework & Modelling ti+ - 11 12 ti+ ✗ A ln(MEXP)ta1 + ẞ1 Σ ^ In(MEXP) t − i + ß2 Σ A ln(MFDI) t − i + ß3 11 i=1 11 17 A In (REER) t −1 + $4✗A(GDPG)t-i+ $5 】 Aln(GDPW)t-i + B6 ✗A(RP)t-i i=1 i=1 - i=1 + y1ln(MEXP) + y2ln(MFDI) + y3ln(REER)t — i+y4(GDPG)t - i + y5ln(GDPW)t-i+y6(RP)t- i + εt ... ... ... (2) • ẞ1, B2, B3, B4, ẞ5 and ẞ6 represents the short-run dynamics; y1, 12, 13, 14, 15 and y6 represents the long-run relationship; 12

View entire presentation