Modelo Econometrico de Importaciones
August 12, 2022 | Author: Anonymous | Category: N/A
Short Description
Download Modelo Econometrico de Importaciones...
Description
LKH@CK @JKEKLÆXTFJK H@ FL^KTXIJFKE@Z FEXTKHPJJFKE Cis flpkrtijfke`s, r`pr`s`etie cks df`e`s y s`rvfjfks qu` h`liehi uei `jkeklìi h`c r`stk h`c luehk, sf`ehk flpkrtiet`, flpkrtiet`, s`ùicir qu` sus efv`c`s h`p`eh`rée hfr`jtil`et` h` cks efv`c`s h` cfqufh`z `e tærlfeks h` hfvfsis, `s h`jfr, piri qu` uei `jkeklìi `e o`e`ric, y ue io`et` `jkeúlfjk `e pirtfjucir pu`hi h`liehir df`e`s h` `xtrieg`rks, h`d`ré t`e`r uei ih`juihi hfspkefdfcfhih h` hfvfsis, `stk feh`p`ehf`et`l`et` h` cks afe`s qu` jkecc`v`e yi s`ie `stks piri jkesulk k piri fev`rsfúe. Pei h` cis lis flpkrtiet`s au`et`s h` hfvfsis h` uei `jkeklìi ske cis `xpkrtijfke`s, yi qu` jke `ccis cks sichks lke`tirfks `e tærlfeks `xtrieg`rks, s` fejr`l`etie, `s pkr `ccks qu` iquì s` cis jkesfh`ri jklk uei virfidc` qu` o`e`ri hfspkefdfcfhih h` hfvfsis, ibkri df`e, jid` jkesfh`rir ih`lés qu` piri `stuhfir ih`juihil`et` cis r`cijfke`s qu` s` pr`s`etie `etr` cis virfidc`s `stuhfihis, `s e`j`sirfk ifscir `c `a`jtk h` cks pr`jfks tietk h` cis `xpkrtijfke`s jklk h` cis flpkrtijfke`s, ` fejcusk piri `c jisk h` cis prfl`ris, fh`etfafjir juietk h` jihi uefhih lke`tirfi h` `xpkrtijfke`s p`rlft` ihqufrfr uei h` cis flpkrtijfke`s. Ih`lés, piri `c jisk `juitkrfiek cis flpkrtijfke`s flpkrtijfke`s tf`e`e 4 kdg`tfvks df`e hfa`r`ejfihks, `c jkesulk, y ci fev`rsfúe, piri `c jisk h`c jkesulk uei pirt` s` `xpcfji pkr `c jkstk h` kpkrtuefhih qu` `eju`etri `c io`et` `jkeúlfjk ic jklpirir jicfhih y pr`jfk h` df`e`s y s`rvfjfks eijfkeic`s jke `xtrieg`rks, isflfslk, `e `c jisk h`c s`ouehk kdg`tfvk, `e pirt` s` h`d` ic lktfvk yi iektihk, sfe `ldirok, s` h`d` jkesfh`rir tildfæe qu` piri `c jisk h` ci fev`rsfúe tildfæe s` flpkrtie df`e`s h` jipftic, qu` ek ske prkhujfhks `e `c piìs, `s pkr `stk qu` s` h`d`e tklir cks pr`jfks hklæstfjks ieuciehk `c `a`jtk h` cks pr`jfks h` cis flpkrtijfke`s. Ci bfpút`sfs pciet`ihi, ek `s ef pr`t`eh` `eockdir tkhks cks jiusic`s h` cis flpkrtijfke`s, sfe `ldirok, s` `sp`ri i prfkrf qu` ci r`cijfúe pr`jfks hklæstfjks flpkrtijfke`s, s`i hfr`jti.
Lkh`ck Lit`létfjk Ci r`cijfúe lit`létfji pkhrìi `xpr`sirs`7
Lkh`ck @jkeklætrfjk
Ci r`cijfúe `stuhfihi, h`d` s`r lkh`cfzihi `jkeklætrfjil`et`, puhf`ehk `etkej`s pciet`ir7
Hkeh`7
L8.:>9 8990.8?1 4:>9.>66 48:1.006 :920.?98
:6>049.4 844120.> :00490.> 811944.4 0861:>.> 01104>.>
9:1.?291 980.919: 908.?196 94>.2?69 990.>0:2 94?.:29>
9621 962? 9622 9626 966> 9669 9664 966: 9668 9660 9661 966? 9662 9666 4>>> 4>>9
:49:.40: 4669.0?6 490:.810 4994.:29 4814.:?1 464>.:22 46>?.28: :?>1.?:9 804>.964 8?44.?4? 8:9?.8:9 010>.614 16?6.064 8024.464 0>94.>>> 1190.>>>
?2:2>9.6 0>>421.2 0948:8.? 82:>>>.> 8::9:6.9 8?866?.? 00:9:8.6 191::>.> 1?6?98.: ?0824?.1 169808.: 1169:2.9 ?2048>.0 1???:?.6 062?>>.> ?:2>12.4
9>2.8::? 26.8?:12 ?8.40?8: ?8.420?9 2:.912:4 21.8>??? 6>.961>2 9>9.64:9 996.4:>2 94>.6>69 940.1229 98>.:281 98:.2??1 994.0>>> 9>>.>>>> 94?.>>>>
4>>4 4>>: 4>>8
?6>4.>4> ?006.44: 29:0.?2>
?1889:.0 20>600.: 614:46.?
98:.8:8: 90:.:629 90:.499>
4>>0
2189.>41
64?440.>
904.6690
@ZXFLIJFKE H@ ^ITÉL@XTK ^ITÉL@XTKZ Z H`p`eh`et Qirfidc`7 (L/^L)*9>> L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 94708 Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R/(^R/^L)*9>> (H@A/^L)*9>>
-8:11.849 >.>>?960 :1.186?:
266.6866 >.>>996> ?.11909?
-8.209286 1.>8?914 8.?2:194
>.>>>9 >.>>>> >.>>>9
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.244:?4 >.2>1641 229.989> 9?20?892 -499.19>4 >.601901
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
8826.044 4>>0.:96 91.0>282 91.10:18
0:.484>> >.>>>>>>
HKJFLIJFKE H@ ^ITIL@XTKZ Zf`ehk `c vickr t`úrfjk h` t-stuh`et piri 4: orihks h` cfd`rtih y >.>0% efv`c h` jkeafiezi, fouic i 4,>1210?066, s` kds`rvi jciril`et` qu` tkhks cks pirél`trks ske sfoefafjitfvks.
HKJFLIJFKE OCKDIC ^kr ktri pirt` `c A t`úrfjk, `s fouic i :.8449:44>2, jke ck qu` tildfæe `e su jkeguetk, `c lkh`ck `s sfoefafjitfvk. sfoefafjitfvk.
QICFHIJFÚE H@C LKH@CK ^iri is`ourireks h` ci vicfh`z y `afjf`ejfi h`c pciet`ilf`etk qu` s` pr`s`eti, s` c` skl`t`ré i cis hfa`r`et`s pru`dis ij`rji h` cks supu`stks isulfhks `e cis tæjefjis h` `stflijfúe h` cks r`suctihks
H@X@JJFÚE H@ LPCXFJKCFE@ICFHIH ICXIZ JKTT@CIJFKE@Z @EXT@ ^IT@GIZ H@ T@OT@ZKT@Z Litrfz h` Jkrr`cijfúe
R/^L H@A/^L
R/^L
H@A/^L
9.>>>>>> >.881:91
>.881:91 9.>>>>>>
H`t`rlfeiet` h` ci litrfz h` jkrr`cijfúe < >.2>>2>4>: ^kh`lks, v`r qu` ci jkrr`cijfúe `etr` r`pr`skr`s, ek r`sucti s`r distiet` j`rjiei i 9, ck qu` flpcfji qu` ci jkcfe`icfhih `etr` cks r`or`skr`s ek `s ue prkdc`li `e `st` pciet`ilf`etk, ck qu` s` jkeafrli `e ue prfl`r puetk jke `c h`t`rlfeiet` h` ci litrfz h` jkrr`cijfke`s qu` `s luy j`rjiek i 9(>,2>>2>4>:), `s h`jfr, ek s` iprkxfli i uei litrfz sfeoucir.
D@CZC@V, MPJM, _@CZB (FEHFJ@ H@ JKEHFJFKE) @c pkcfeklfk jirijt`rìstfjk, vf`e` hihk pkr7
∗
@c ìehfj` h` Jkehfjfúe, s`ùici qu` ci jkcfe`cfhih pr`s`et` `e `c lkh`ck, ek r`pr`s`eti ue prkdc`li, hihk qu` su vickr ek s` `eju`etri `e cks rieoks qu` ck h`t`rlfeirìie.
Airrir-Ocud`r Krtkokeicfhih h Bk7 @xfst` Krtkokeicfhi Bi7
@xfst` Luctfjkcfe`icfhih
\ ||| ] \ ||| | ]
0.9814?2808
@c vickr
4
t`úrfjk `s h` ?.298?4??1 piri : o h` c, `e jkes`ju`ejfi, ci `vfh`ejfi
`lpìrfji ipueti i ci ius`ejfi jkcfe`icfhih.
^TP@DIZ H@ FEACIJFÚE
R/^L
^hkl
TU4 AFQ
>.881:9108 >.881:9108 9.2>1>21>6 9.2>1>21>6 Hihks cks aijtkr`s h` feacijfúe jicjucihks, pkh`lks fea`rfr ci ius`ejfi h` ue prkdc`li pr`kjupiet` h` luctfjkcfe`icfhih.
^ru`di h` XB@FC ^hkl
R/^L
TU4 b >.18018??8 >.0:660?: TU4 >.244:?92: >.244:?92: TU4 -TU4 b >.9?1?48>6 >.4248980: >.8069:21:
∙
Ci pru`di h` Xb`fc, jke ue vickr h` l c`giek h`c jk`afjf`et` h` h`t`rlfeijfúe h`c lkh`ck, s`ùici qu` `c prkdc`li h` luctfjkcfe`icfhih `e `c lkh`ck, ek `s s`v`rk, pkr ck qu` i ci cuz h` cks r`suctihks, s` h`jfhfú kptir pkr ek jkrr`ofrck.
H@X@JJFÚE H@ B@X@TKZJ@HIZXFJFHIH LÆXKHK OTÉAFJK 4>>>
0>>>>>>
9>>>
8>>>>>>
>
-9>>>
4:>>>>>> U H F Z @ 4>>>>>> T
-4>>>
9>>>>>>
H F Z @ T
-:>>>
>
>
4>>>
8>>>
1>>>
2>>>
9>>>
>
L@ZX
4>>>
8>>>
1>>>
2>>>
9 >> >>>>
L@ZX
4>>> 0>>>>>>
9>>> 8>>>>>>
H F Z @ T
4:>>>>>> U H F Z @ 4>>>>>> T
>
-9>>>
-4>>>
9>>>>>>
-:>>>
> >
4>>> 4>>>>>>> >>>>8>>> 8>>>>>>> >>>>1>>> 1>>>>>>> >>>>2>>> 2>>>>> >>
L@ZX U4
>
4>> 4>>>>> >>>>> >> 8>> 8>>>>> >>>>> >> 1>> 1>>>>> >>>>> >> 2>> 2>>>>> >>> L@ZXU4
R/^L
^HKL :
4
4
9
9 > > -9
-4 2>
-9
20
6>
60
>>
>0
-4 2>
9>
:
20
6>
60
>>
>0
9>
4
4 9
9 >
> -9
-9 -4
-4 2>
20
6>
60
>>
>0
-:
9>
2>
20
6>
60
>>
>0
9>
L T@ZFH
Cks hfstfetks Oréafjks, pir`j`rìie ipuetir i ci pr`s`ejfi h` ico÷e tfpk h` b`t`rksj`histfjfhih, b`t`rksj`histfjf hih, ck qu` s` jkrrkdkriré l`hfiet` cis sfouf`et`s pru`dis.
^ru`di h` okcha`ch ‚ quieht kds
L
R/^L
9624
8990 :00490
962>
:2?2 :6>049
9629
:?>8 844120
966>
4814 8::9:6
962:
4:>9 811944
9669
464> 8?8662
9626
4994 82:>>>
962?
4664 0>>42?
9622
490: 0948:0
9628
48:? 0861:>
Ci virfidc` pr`s`eti b`t`rksj`histfjfhih b`t`rksj`histfjfhih
9664 9620
46>2 00:9:0 :921 01104>
sfoefafjitfvi
4>>>
0>94 062?>>
966:
:?>? 191::>
966?
0109 1169:2
9666
8024 1???:2
9668
804> 1?6?98
9661
8:9? 169808
4>>9
1190 ?:2>12
9660
8?4: ?08242
4>>4
?6>4 ?18898
9621
:49: ?2:2>4
9662
162> ?20489
4>>:
?006 20>600
l9 vir
l4
442:91.>26 4:?2>40.20
l4/l9
9>.890862:1
at`krfjk
:.?2?>8:08
4>>0
2189 64?440
4>>8
29:1 614::>
kds
L
^hkl
9622
490:
?8
9626
4994
?8
966>
4814
2:
9669
464>
21
962?
4664
26
9664
46>2
6>
4>>>
0>94
9>>
966:
:?>?
9>4
9621
:49:
9>2
9666
8024
99:
9628
48:?
990
Cis `vfh`ejfis s`ùicie qu` ci virfidc` pr`jfks
9668
804>
996
hklæstfjks, pr`s`eti b`t`rksj`histfjfhih b`t`rksj`histfjfhih
962:
4:>9
949
9660
8?4:
949
9661
8:9?
941
4>>9
1190
94?
9620
:921
94?
962>
:2?2
9:?
966?
0109
98>
4>>4
?6>4
98:
9662
162>
988
9629
:?>8
980
4>>0
2189
90:
4>>8
29:1
90:
4>>:
?006
90:
9624
8990
900
l4 vir
l9
:?41026.10 442:91.>26
l4/l9
91.:44>1:4?
at`krfjk
:.?2?>8:08
^TP@DI H@ _BFX@ _bft` B`t`rksm`histfjfty X`st7 A-stitfstfj Kds*T-squir`h
9.19>>29 1.9>44?0
^rkdidfcfty ^rkdidfcfty
>.4>220: >.9691:6
X`st @quitfke7 H`p`eh`et Qirfidc`7 T@ZFHU4 L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 90791 Zilpc`7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L R^LU4
-2906?82. -0.691088 0.16@->1
84:119?. 9:.:4::9 9.>0@->0
-9.641>>1 ->.888>?0 >.08>868
>.>1?? >.1190 >.0680
^HKL ^HKLU4 T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
96:0:0.6 -212.?:19 >.4:8?>: >.>226:4 6:044?.8 9.28@+9: -:69.0?29 9.1?>?9?
62861.8: 88>.446?
9.6186>: -9.6?::?>
>.>142 >.>192
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
12124:.2 6?629>.> :>.0>1>9 :>.?8?60 9.19>>29 >.4>220:
^rkdidfcfty ^rkdidfcfty
>.49>29> >.968?6:
_bft` B`t`rksm`histfjfty X`st7 A-stitfstfj Kds*T-squir`h
9.029424 ?.:1146>
X`st @quitfke7 H`p`eh`et Qirfidc`7 T@ZFHU4 L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 9079? Zilpc`7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L
-9>4696>1 :.44646:
80240?1. 90.:1229
-4.4802?2 >.49>94>
>.>:14 >.2:0?
R^LU4 R^L*^HKL ^HKL ^HKLU4
2.18@->1 ->.>69906 9??698.8 -062.0>6>
9.>?@->0 >.>?241: 62021.68 868.:0?8
>.2>:684 -9.918??: 9.2>8180 -9.49>129
>.8:>6 >.40?2 >.>214 >.48>9
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.42::96 >.9>8986 64?:28.0 9.?4@+9: -:6>.?486 9.8?8>46
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
12124:.2 6?629>.> :>.09?:> :>.2>?1: 9.029424 >.49>29>
@c jketrist` h` _bft`, s`ùici ci ius`ejfi h` b`t`rksj`histfjfhih b`t`rksj`histfjfhih `e `c lkh`ck, sfe `ldirok, h`d`e jklprkdirs` cks r`suctihks i trivæs h` cis ktris pru`dis.
^TP@DI H@ ^ITM H`p`eh`et Qirfidc`7 CT@ZFH4 L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 9074> Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J C^HKL CR^L
90.:0494 9.9>9606 ->.1142:?
4?.>0448 4.021112 4.962:9?
>.01?866 >.841>90 ->.:>904>
>.0?06 >.1?89 >.?10?
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh
>.>>2?22 ->.>??8>8 4.?84600 9?:.>8?0
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke
99.??468 4.18402? 8.618991 0.9>6429
Cko cfm`cfbkkh Hurdfe-_itske stit
-19.0::0> 9.?1088?
A-stitfstfj ^rkd(A-stitfstfj)
>.9>9602 >.6>:8?:
Ci pru`di h` ^irm, s`ùici ci pksfdc` ius`ejfi h`c prkdc`li h` b`t`rksj`histfjfhih.
^TP@DI H@ DT@PZJB ^IOIE H`p`eh`et Qirfidc`7 O L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 9078: Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L ^HKL
>.1:6020 4.>:@->1 ->.>>?02:
9.8284>8 9.61@->1 >.>941:0
>.8:>642 9.>::600 ->.1>>9>>
>.1?>0 >.:996 >.008:
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.>80:12 ->.>:?18: 9.80:928 82.0?>>6 -80.>9140 9.8196::
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
9.>>>>>> 9.841029 :.16:002 :.2:2?4: >.0810:> >.02146>
kds
O
R^L
^HKL
ZJ@
962> 9629 9624 962: 9628 9620 9621 962? 9622 9626 966> 9669 9664 966:
>.406>?6 >.94469? >.>68>?6 9.298828 4.?401>? 4.>?>>4? 1.>44>99 >.::8098 >.>92>60 >.990>?2 >.1840?: >.?928:: >.>>>92> >.>9:191
:6>049.4 844120.> :00490.> 811944.4 0861:>.> 01104>.> ?2:2>9.6 0>>421.2 0948:8.? 82:>>>.> 8::9:6.9 8?866?.? 00:9:8.6 191::>.>
9:1.?291 980.919: 908.?196 94>.2?69 990.>0:2 94?.:29> 9>2.8::? 26.8?:12 ?8.40?8: ?8.420?9 2:.912:4 21.8>??? 6>.961>2 9>9.64:9
>.:11:89 >.:1841? >.119:8> >.9>6?06 >.>9:208 >.>:946? >.911942 >.>>>016 >.>9:861 >.>>:91: >.>941>0 >.>>4160 >.>>1>1? >.>9:?:4
9668 9660 9661 966? 9662 9666 4>>> 4>>9 4>>4 4>>: 4>>8 4>>0
>.4>:441 >.2?>>>6 9.9?4??? >.>>8268 >.41>241 >.>>:?46 4.2???24 9.0>8?14 :.:4?018 >.>8???6 >.>>961? >.??:669
1?6?98.: ?0824?.1 169808.: 1169:2.9 ?2048>.0 1???:?.6 062?>>.> ?:2>12.4 ?1889:.0 20>600.: 614:46.? 64?440.>
996.4:>2 94>.6>69 940.1229 98>.:281 98:.2??1 994.0>>> 9>>.>>>> 94?.>>>> 98:.8:8: 90:.:629 90:.499> 904.6690
>.>9:94> >.>1814: >.>>?664 >.>>80:9 >.>4>>68 >.>419>0 >.>>6490 >.>:>428 >.>9>02> >.>89918 >.9209:> >.9:>994
ZPLI
4.:>241:
@c jketrist` ek cc`vi i ij`ptir ci bfpút`sfs euci h` ius`ejfi h` b`t`rksj`histfjfhih.
^TP@DI H@ OC@ZG@T
H`p`eh`et Qirfidc`7 @ L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 9179? Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L ^HKL
084.:>:: >.>>>8?4 -9.162414
0?8.21>? >.>>>?1> 8.26:680
>.68::10 >.14>290 ->.:8?>9:
>.:00: >.08>2 >.?:9?
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.>91?:2 ->.>12?1: 014.2814 ?421:>0. -966.601? 9.:1290?
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
1::.2200 088.8:2? 90.194>1 90.?0?44 >.960?06 >.24:011
H`p`eh`et Qirfidc`7 @ L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 91744 Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L-9 ^HKL-9
9>>9.422 -9.?:@+>2 -?669.200
086.86:1 4.0>@+>2 00>?2.01
9.2444>4 ->.12664> ->.980>66
>.>290 >.86?9 >.2206
>.>4146? ->.>02:?4 01>.9>:8 ?490818. -966.246? 9.:6:92>
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
1::.2200 088.8:2? 90.1>446 90.?8?80 >.:9>02? >.?:1>8:
H`p`eh`et Qirfidc`7 @ L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 9174: Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L9/4 ^HKL9/4
084.:>:: >.>>>688 -:.:61048
0?8.21>? >.>>904> 6.?2?26>
>.68::10 >.14>290 ->.:8?>9:
>.:00: >.08>2 >.?:9?
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.>91?:2 ->.>12?1: 014.2814 ?421:>0. -966.601? 9.:1290?
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
1::.2200 088.8:2? 90.194>1 90.?0?44 >.960?06 >.24:011
H`p`eh`et Qirfidc`7 @ L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 91748 Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L-9/4 ^HKL-9/4
9>>9.422 -:.80@+>2 -9062:.?9
086.86:1 0.>>@+>2 99>90?.9
9.2444>4 ->.12664> ->.980>66
>.>290 >.86?9 >.2206
>.>4146? ->.>02:?4 01>.9>:8 ?490818. -966.246? 9.:6:92>
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
1::.2200 088.8:2? 90.1>446 90.?8?80 >.:9>02? >.?:1>8:
H`p`eh`et Qirfidc`7 @4 L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 91741 Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L4 ^HKL4
?>6:>?.1 9.>?@->1 -:9.81?42
00:?1>.8 9.>?@->1 :2.8408:
9.42>26: 9.>>1620 ->.292692
>.49:> >.:488 >.8494
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.>8?806 ->.>:0:?9 66162?.2 4.46@+9: -:68.84:8 9.809?81
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
12124:.2 6?629>.> :>.0?9>: :>.?914> >.0?461? >.0?9168
H`p`eh`et Qirfidc`7 @4 L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 91742 Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc` J
Jk`aafjf`et 8:6424.:
Zth. @rrkr 9>96:21.
t-Ztitfstfj >.8:>642
^rkd. >.1?>0
R^L ^HKL
9.:6:804 -04>?.206
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.>80:12 ->.>:?18: 662>29.4 4.46@+9: -:68.8096 9.8196::
9.:8?164 21?2.:99
9.>::600 ->.1>>9>>
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
>.:996 >.008: 12124:.2 6?629>.> :>.0?:44 :>.?92:6 >.0810:> >.02146>
@c jketrist` h` Oc`sg`r, s`ùici qu` efeouei h` cis akrlis auejfkeic`s iuxfcfir`s r`sucti s`r sfoefafjitfvi ef `e su jkeguetk ef `e cks pirél`trks, pkr ck qu` s` kdvfiré juicquf`r pkeh`rijfúe t`etitfvi.
H@X@JJFKE H@ IPXKJKTT@CIJFKE LÆXKHK OTÉAFJK 40>>
4>>>
90>>
9>>>
0>>
> 2> 24 28 21 22 6> 64 68 61 62 >> >4 >8 @
^TP@DI H@ TIJBIZ 40>>
4>>>
90>> @
9>>>
0>>
> >
0>>
9>>>
90>>
4>>>
40>>
@(-9)
HPTDFE _IXZKE H`p`eh`et Qirfidc`7 L L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 94708 Zilpc`(ihgust`h)7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L ^HKL
-8:11.849 >.>>?960 :1.186?:
266.6866 >.>>996> ?.11909?
-8.209286 1.>8?914 8.?2:194
>.>>>9 >.>>>> >.>>>9
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.244:?4 >.2>1641 229.989> 9?20?892 -499.19>4
>.601901
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
HC
HP
8-HP
8-HC
9,44
9,00
4,80
4,?2
8826.044 4>>0.:96 91.0>282 91.10:18
0:.484>> >.>>>>>>
Cks fet`rvicks h` cks puetks h` sfoef6afjiejfi h`c `stihìstfjk Hurdfe-_itske, s`ùicie qu` `c qu` pr`s`eti `c lkh`ck `sti luy j`rjiek i >, ck qu` `s fehfjfk h` ue pksfdc` prkj`sk IT (9) pksftfvk. ^TP@DI –b“ HPTDFE
@sti pru`di `s uei ict`reitfvi i piri cks lkh`cks qu` jketf`e`e virfidc`s r`zioihis, piri `c jisk h` ci `ehúo`ei ci pru`di suof`r`7
̄ ∗ ()
H`p`eh`et Qirfidc`7 L L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 9?706 Zilpc`(ihgust`h)7 9629 4>>0 Fejcuh`h kds`rvitfkes7 40 iat`r ihgustfeo `ehpkfets Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L ^HKL L(-9)
-42::.61? >.>>842: 49.:6210 >.82061>
6::.4060 >.>>90:9 2.::4?66 >.9069?4
-:.>:11:: 4.?6?6?0 4.012>>: :.>0:>89
>.>>1: >.>9>2 >.>9?6 >.>>1>
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.2?2>88 >.21>144 ?14.19:> 9449:909 -966.4942 9.?80?>>
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
809:.6?1 4>84.?>6 91.40?>: 91.804>0 0>.:6??8 >.>>>>>>
∗
Jke ck qu` piri `st` lkh`ck iuxfcfir, t`ehrìilks tildfæe iutkjkrr`cijfúe pu`stk qu` su `c`vihk vickr p`rlft` r`jbizir ci bfpút`sfs h` su ius`ejfi.
JKTT@CKOTILI Hit`7 >:/:9/94 Xfl`7 9279? Zilpc`7 962> 4>>0 Fejcuh`h kds`rvitfkes7 41 Iutkjkrr`citfke
^irtfic Jkrr`citfke
. |**** . |*** . |* . .**| . .**| . ***| . . *| . . | . . |* . . |**. . |**. . |* .
. |**** . |* . . *| . ***| . . | . . *| . . |**. . |* . . | . . | . . | . . *| .
| | | | | | | | | | | |
| | | | | | | | | | | |
9 4 : 8 0 1 ? 2 6 9> 99 94
IJ
^IJ
Y-Ztit
^rkd
>.0>4 >.:?4 >.94> ->.4>4 ->.402 ->.:12 ->.911 ->.>8> >.991 >.401 >.41? >.988
>.0>4 >.919 ->.919 ->.:11 ->.>0? ->.>64 >.440 >.>22 >.>00 >.>>1 >.>:2 ->.912
?.:8>> 99.084 94.>>> 9:.:81 90.114 4>.1>> 49.114 49.?41 44.462 40.4?9 42.?4> 46.?6?
>.>>? >.>>: >.>>? >.>9> >.>>2 >.>>4 >.>>: >.>>0 >.>>2 >.>>0 >.>>: >.>>:
@c jkrr`ckorili pkr su jklpkrtilf`etk, pir`j` s`ùicir ue prkj`sk IT (9), ck juic s` jklprkdiré jke `c t`st qu` sfou`7
^TXP@DI DT@PZJB OKHAT@V Dr`usjb-Okhar`y Z`rfic Jkrr`citfke CL X`st7 A-stitfstfj Kds*T-squir`h
4.44>499 94.299>4
^rkdidfcfty ^rkdidfcfty
>.>22:6> >.>?1286
X`st @quitfke7 H`p`eh`et Qirfidc`7 T@ZFH L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 92749 Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R/(^R/^L)*9>> (H@A/^L)*9>> T@ZFH(-9) T@ZFH(-4) T@ZFH(-:) T@ZFH(-8) T@ZFH(-0) T@ZFH(-1) T@ZFH(-?)
-9201.8?: >.>>>222 6.64?046 >.9089>1 >.41:0>9 >.99446> ->.0>960? ->.4?460: ->.844800 >.989?1:
9?86.>89 >.>>996> 99.:0?28 >.46>412 >.4?:?80 >.4601>? >.46:0>4 >.:9?1>8 >.::06:4 >.:19>94
-9.>19848 >.?819>9 >.2?8>12 >.0:>6>6 >.6140?1 >.:?621: -9.?9>4:0 ->.20689: -9.40?014 >.:64128
>.:>8: >.8118 >.:60> >.1>42 >.:0>9 >.?>6> >.9>10 >.8>42 >.4411 >.166?
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.864?:9 >.4>?:6: ?04.8::2 6>020>1. -4>4.?216 9.6081:4
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
2.2:@-9: 2.2:@- 9: 280.91>2 91.:124: 91.20499 9.?412:9 >.91:996
Dr`usjb-Okhar`y Z`rfic Jkrr`citfke CL X`st7 A-stitfstfj Kds*T-squir`h
4.44>499 94.299>4
^rkdidfcfty ^rkdidfcfty
>.>22:6> >.>?1286
X`st @quitfke7 H`p`eh`et Qirfidc`7 T@ZFH L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 92744 Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R/(^R/^L)*9>> (H@A/^L)*9>> T@ZFH(-9) T@ZFH(-4) T@ZFH(-:) T@ZFH(-8) T@ZFH(-0) T@ZFH(-1) T@ZFH(-?)
-9201.8?: >.>>>222 6.64?046 >.9089>1 >.41:0>9 >.99446> ->.0>960? ->.4?460: ->.844800 >.989?1:
9?86.>89 >.>>996> 99.:0?28 >.46>412 >.4?:?80 >.4601>? >.46:0>4 >.:9?1>8 >.::06:4 >.:19>94
-9.>19848 >.?819>9 >.2?8>12 >.0:>6>6 >.6140?1 >.:?621: -9.?9>4:0 ->.20689: -9.40?014 >.:64128
>.:>8: >.8118 >.:60> >.1>42 >.:0>9 >.?>6> >.9>10 >.8>42 >.4411 >.166?
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.864?:9 >.4>?:6: ?04.8::2 6>020>1. -4>4.?216 9.6081:4
L`ie h`p`eh`etvir vir Z.H. h`p`eh`et Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj)
2.2:@-9: 2.2:@- 9: 280.91>2 91.:124: 91.20499 9.?412:9 >.91:996
Dr`usjb-Okhar`y Z`rfic Jkrr`citfke CL X`st7 A-stitfstfj Kds*T-squir`h
4.?14280 99.4261>
^rkdidfcfty ^rkdidfcfty
>.>0>06> >.>806:9
X`st @quitfke7 H`p`eh`et Qirfidc`7 T@ZFH L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 92744 Qirfidc` Jk`aafjf`et J R/(^R/^L)*9>> (H@A/^L)*9>> T@ZFH(-9) T@ZFH(-4) T@ZFH(-:) T@ZFH(-8) T@ZFH(-0)
-942:.800 >.>>>118 1.?198>0 >.4:6689 >.:108?8 >.>0>?>6 ->.00>?10 ->.4:8491
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh
>.8:8490 >.498922 ?86.4>90 9>9>:80: -4>8.4>14
Hurdfe-_itske stit
9.66:809
Zth. @rrkr
t-Ztitfstfj
^rkd.
94:0.1?4 >.>>9942 2.809829 >.406:6? >.4892:1 >.4102>> >.426?08 >.:9868>
-9.>:21?> >.0226:1 >.2>>>41 >.64866? 9.09940> >.96>??6 -9.6>>2>1 ->.?8:12:
>.:94? >.01:4 >.8:89 >.:1?4 >.9829 >.20>2 >.>?:0 >.811?
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj
2.2:@-9: 2.2:@- 9: 280.91>2 91.:4:00 91.?9>11 9.6?:81>
^rkd(A-stitfstfj)
>.9919:?
@sti pru`di, s`ùici qu` `c prkdc`li s` skcujfkeirìi i pirtfr h`c r`ziok 1, sfe `ldirok, `c jkrr`ckorili ipueti bijfi uei skcujfúe qu` s` is`l`gi ic ^rkj`sk IT(9), piri ci jkrr`jjfúe s` bi jkesfh`rihk uei jklpirijfúe qu` `vicuiri ci `afjf`ejfi h` jihi skcujfúe pkr l`hfk h`c jkrr`ckorili7
ZKCPJFKE X@EXIXFQI 9, ^TKJ@ZK IT(9)7 H`p`eh`et Qirfidc`7 LT L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 96748 Zilpc`(ihgust`h)7 9629 4>>0 Fejcuh`h kds`rvitfkes7 40 iat`r ihgustfeo `ehpkfets Jkev`ro`ej` ijbf`v`h iat`r 99 ft`ritfkes Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L ^HKL IT(9)
9494.842 >.>>>?42 82.?1182 >.60:084
?88:.1:9 >.>>9492 2.8>0928 >.>66:41
>.914229 >.06?882 0.2>960: 6.1>>982
>.2?44 >.0011 >.>>>> >.>>>>
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh
>.6:>0:> >.64>1>1 0?0.0?80 160?>>1. -964.9?2:
Hurdfe-_itske stit Fev`rt`h IT Tkkts
4.:>1288 .60
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj
809:.6?1 4>84.?>6 90.16841 90.22642 6:.?14?2
^rkd(A-stitfstfj)
>.>>>>>>
Hit`7 >:/:9/94 Xfl`7 96742 Zilpc`7 9629 4>>0 Fejcuh`h kds`rvitfkes7 40 Y-stitfstfj prkdidfcftf`s ihgust`h akr 9 ITLI t`rl(s) Iutkjkrr`citfke
^irtfic Jkrr`citfke
.**| . . | . . *| . . |* . .**| . .**| . . |**. . *| . . *| . . *| . . |**. . *| .
.**| . . | . . *| . . |* . . *| . ***| . . |**. . | . . *| . . *| . . | . . | .
| | | | | | | | | | | |
| | | | | | | | | | | |
9 4 : 8 0 1 ? 2 6 9> 99 94
IJ
^IJ
Y-Ztit
^rkd
->.49? >.>40 ->.>11 >.949 ->.498 ->.402 >.460 ->.99> ->.>1: ->.9>> >.408 ->.9>6
->.49? ->.>4: ->.>12 >.>62 ->.9?2 ->.:?4 >.4>: ->.>8? ->.9:6 ->.996 >.>08 ->.>42
9.:449 9.:8>: 9.8?49 9.6800 :.82?4 0.2884 6.9>?0 6.0694 6.?1>9 9>.49> 9:.:4: 9:.680
>.48? >.8?6 >.028 >.82> >.:44 >.912 >.49: >.424 >.::8 >.4>1 >.4:1
9>>>
0>>
>
-0>>
9>>> 24 28 21 22 6> 64 68 61 62 >> >4 >8
LT T`sfhuics
ZKCPJFKE X@EXIXFQI 9, ^TKJ@ZK IT(1)7
H`p`eh`et Qirfidc`7 L L`tbkh7 C`ist Zquir`s Hit`7 >:/:9/94 Xfl`7 96746 Zilpc`(ihgust`h)7 9621 4>>0 Fejcuh`h kds`rvitfkes7 4> iat`r ihgustfeo `ehpkfets Jkev`ro`ej` ijbf`v`h iat`r 99 ft`ritfkes Qirfidc`
Jk`aafjf`et
Zth. @rrkr
t-Ztitfstfj
^rkd.
J R^L ^HKL IT(1)
-08?>.?80 >.>>066? 0:.>?888 ->.0?6>62
164.61:9 >.>>9026 9>.2:16> >.96:194
-?.268?98 :.??0488 8.26?01? -4.669>46
>.>>>> >.>>9? >.>>>4 >.>>21
T-squir`h Ihgust`h T-squir`h Z.@. ka r`or`ssfke Zul squir`h r`sfh Cko cfm`cfbkkh Hurdfe-_itske stit
>.6>6480 >.264442 162.0486 ?2>1664. -90?.941? 9.8:00:1
Fev`rt`h IT Tkkts
.?6+.81f -.?6+.81f
L`ie h`p`eh`et vir Z.H. h`p`eh`et vir Imifm` feak jrft`rfke Zjbwirz jrft`rfke A-stitfstfj ^rkd(A-stitfstfj) .?6 -.81f -.?6 -.81f
.>> -.69f
8200.:9: 494?.?6: 91.9941? 91.:9924 0:.8:429 >.>>>>>> -.>>+.69f
Hit`7 >:/:9/94 Xfl`7 967:> Zilpc`7 9621 4>>0 Fejcuh`h kds`rvitfkes7 4> Y-stitfstfj prkdidfcftf`s ihgust`h akr 9 ITLI t`rl(s) Iutkjkrr`citfke
^irtfic Jkrr`citfke
. | . . | . . | . . | . . | . . |* . . | . . *| . . | . . | . . | .
. | . . | . . | . . | . . | . . |* . . | . . *| . . | . . | . . | .
| | | | | | | | | | |
| | | | | | | | | | |
9 4 : 8 0 1 ? 2 6 9> 99
IJ
^IJ
Y-Ztit
^rkd
>.>:8 >.>>1 >.>48 ->.>09 ->.>89 >.>2? ->.>:4 ->.>1> >.>18 >.>8? ->.>:9
>.>:8 >.>>0 >.>48 ->.>0: ->.>:2 >.>6> ->.>:0 ->.>1> >.>19 >.>0: ->.>:9
>.>4?9 >.>4?6 >.>846 >.9982 >.9109 >.8>80 >.8:28 >.0?>8 >.?:92 >.2429 >.2?06
>.21? >.6?6 >.66> >.66? >.660 >.666 >.666 >.666 9.>>> 9.>>>
. | .
|
. | .
|
94 >.>>6 ->.>>6 >.22>2 9.>>>
4>>>
9>>>
>
9>>>
4>>> 21
22
6>
64
68
61
62
>>
>4
>8
LT T`sfhuics
@e ildis kpjfke`s, `c jkrr`ckorili s`ùici qu` ci jkrr`jjfúe `s ih`juihi, sfe `ldirok, s` `vfh`ejfi uei ektidc` hfa`r`ejfi `e `c prkj`sk IT(1), v`lks qu` p`s` i qu` su pirél`trk pf`rh` r`citfvi sfoefafjiejfi, `c jklpkrtilf`etk h` cks r`sfhuks h`c lkh`ck jke IT(1) iuequ` iue virfidc`, `s lis `stidc` qu` `c qu` pr`s`eti `c lkh`ck jke IT(9) y iuequ` `c jk`afjf`et` h` h`t`rlfeijfúe h`c lkh`ck ji` : puetks, kptilks pkr tklir jklk vicfhk `st` lkh`ck, sfe `ldirok, ci cflftiet` h` ci ar`ju`ejfi h` cks hitks (ieuic), r`strfeo` cis jkejcusfke`s qu` h` `ccks s` pu`h`e fea`rfr.
Dfdcfkoriaìi DIEJK J@EXTIC H@C @JPIHKT (Ektis L`tkhkcúofjis, y Dkc`tfe`s
@stihìstfjks ‚virfks e÷l`rks) J@^IC(IEP J@^IC(IEPITFKZ ITFKZ @ZXIHFZXFJKZ,QITFKZ E×L@TKZ) WILDTIEK, ^. (4>99). Lijrk`jkekl Lijrk`jkeklìi ìi
View more...
Comments