non-of the independent varibales is signficant is that fine!

[megreeno]

hello..

I am wondering if someone can help i ll be very thankfull

I estimated this equation:

dlog(cpi) c dlog(neer) dlog(epi) d(open)

Using OLS

which come originally from the low of one price after linearizing, which is:

P = P" * E

i estimated the equation for three countries indvidually and non of the variables (neer, epi and open) is siginificant with the regards to t-statistic .
This is the result:

tabe-1.jpg (103.89 KiB) Viewed 1582 times

even if i fix for the serial correlation, the result below:

table-2.jpg (119.78 KiB) Viewed 1582 times

I got almost the same result for the three countries non is significant
Thus, am wondering if there is something wrong in my regression or the variables?

Bset regards Megreeno