Chapter 5 Tables: November 1, 1996 |
Equation 1 Equation 2 Equation 3 Equation 4 Equation 5 Equation 6 Equation 7 Equation 8 Equation 9 Equation 10 Equation 11 Equation 12 Equation 13 Equation 14 Equation 15 Equation 16 Equation 17 Equation 18 Equation 20 Equation 21 Equation 22 Equation 23 Equation 24 Equation 25 Equation 26 Equation 27 Equation 28 Equation 30 |
Table 5.1: Equation 1 |
Table 5.1 Equation 1 LHS Variable is log(CS/POP) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.0881 2.36 Lags 8.47 3 0.0373 AG1 -0.2506 -3.46 RHO=4 2.87 4 0.5791 AG2 0.3032 1.32 T 18.89 1 0.0000 AG3 0.2131 1.13 Leads +1 14.85 1 0.0001 log(CS/POP){-1} 0.9355 29.35 Leads +4 30.15 4 0.0000 log[YD/(POP*PH)] 0.0704 2.26 Leads +8 34.63 2 0.0000 RSA -0.0010 -4.68 p4e 5.56 1 0.0184 p8e 2.37 1 0.1239 Other a 28.56 5 0.0000 Spread 2.02 4 0.7326 SE 0.00406 R2 1.000 DW 1.87 Chi Square (AGE) = 14.33 (df = 3, p-value = 0.0025) Stability Test: AP T1 T2 lambda Break 18.58 1970.1 1979.4 2.53 1971.4 Estimation period is 1954.1-1996.3 alog(AA/POP)-1, log(WA/PH), log(PCS/PH), Z, log[YNL/(POP*PH)] |
Table 5.2: Equation 2 |
Table 5.2 Equation 2 LHS Variable is log(CN/POP) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.2071 -2.56 Lags 17.79 4 0.0014 AG1 -0.2075 -2.07 RHO=4 29.82 4 0.0000 AG2 0.7442 2.52 T 0.10 1 0.7578 AG3 -0.3492 -1.92 Leads +1 11.24 1 0.0008 log(CN/POP){-1} 0.6572 15.46 Leads +4 13.12 4 0.0107 Ch log(CN/POP){-1} 0.1977 3.14 Leads +8 14.35 2 0.0008 log(AA/POP){-1} 0.0418 4.12 p4e 1.35 1 0.2450 log[YD/(POP*PH)] 0.2148 7.16 p8e 0.07 1 0.7987 RMA -0.0012 -2.36 Other a 8.97 4 0.0620 Spread 11.39 4 0.0226 SE 0.00569 R2 0.998 DW 1.89 Chi Square (AGE) = 40.89 (df = 3, p-value = 0.0000) Stability Test: AP T1 T2 lambda Break 19.93 1970.1 1979.4 2.53 1973.2 Estimation period is 1954.1-1996.3 alog(WA/PH), log(PCN/PH), Z, log[YNL/(POP*PH)] |
Table 5.3: Equation 3 |
Table 5.3 Equation 3 LHS Variable is CD/POP Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.4266 -1.79 Lags 6.17 3 0.1035 AG1 0.5141 1.16 RHO=4 21.89 4 0.0002 AG2 0.7241 0.65 T 31.81 1 0.0000 AG3 -1.1491 -2.53 Leads +1 27.68 1 0.0000 (CD/POP){-1} 0.7177 12.65 Leads +4 37.68 4 0.0000 (KD/POP){-1} -0.0091 -1.48 Leads +8 31.20 2 0.0000 YD/(POP*PH) 0.1108 4.93 p4e*CDA 9.39 1 0.0022 RMA*CDA -0.0038 -1.88 p8e*CDA 10.59 1 0.0011 Other a 28.59 5 0.0000 Spread 15.36 4 0.0040 SE 0.01298 R2 0.994 DW 1.95 Chi Square (AGE) = 16.77 (df = 3, p-value = 0.0008) Stability Test: AP T1 T2 lambda Break 19.87 1970.1 1979.4 2.53 1979.1 Estimation period is 1954.1-1996.3 a(AA/POP)-1, WA/PH, PCD/PH, Z, YNL/(POP*PH) |
Table 5.4: Equation 4 |
Table 5.4 Equation 4 LHS Variable is IHH/POP Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 2.2951 2.66 Lags 0.99 4 0.9119 (IHH/POP){-1} 0.5567 10.39 RHO=4 0.74 2 0.6913 (KH/POP){-1} -0.0807 -5.29 T 1.35 1 0.2461 (AA/POP){-1} 0.0023 2.94 Leads +1 2.37 1 0.1235 YD/(POP*PH) 0.0919 3.43 Leads +4 8.10 4 0.0881 RMA{-1}*IHHA -0.0278 -5.33 Leads +8 2.37 2 0.3056 RHO1 0.6507 7.86 p4e{-1}*IHHA 0.53 1 0.4676 RHO2 0.3428 4.15 p8e{-1}*IHHA 2.18 1 0.1398 Other a 12.91 4 0.0117 Spread 1.25 4 0.8707 SE 0.00944 R2 0.959 DW 2.03 Chi Square (AGE) = 1.71 (df = 3, p-value = 0.6344) Stability Test: AP T1 T2 lambda Break 9.48 1970.1 1979.4 2.53 1976.1 Estimation period is 1954.1-1996.3 a(WA/PH)-1, (PIH/PH)-1, 'Z-1, [YNL/(POP*PH)]-1 |
Table 5.5: Equation 5 |
Table 5.5 Equation 5 LHS Variable is log(L1/POP1) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.0024 -2.22 Lags 1.55 3 0.6706 log(L1/POP1){-1} 0.8412 20.67 RHO=4 32.63 4 0.0000 log(WA/PH) 0.0010 0.37 Leads +1 0.17 1 0.6796 Z 0.0110 1.21 Leads +4 9.88 4 0.0424 T -0.0001 -3.45 Leads +8 3.91 2 0.1414 logPH 0.93 1 0.3360 Other a 2.40 2 0.3010 SE 0.00210 R2 0.986 DW 2.12 Stability Test: AP T1 T2 lambda Break 5.44 1970.1 1979.4 2.53 1970.2 Estimation period is 1954.1-1996.3 alog(AA/POP)-1, log(YNL-1/(POP-1*PH-1)) |
Table 5.6: Equation 6 |
Table 5.6 Equation 6 LHS Variable is log(L2/POP2) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.0021 -0.82 Lags 11.35 3 0.0100 log(L2/POP2){-1} 0.9872 210.87 RHO=4 5.61 4 0.2303 log(WA/PH) 0.0176 2.45 T 0.68 1 0.4104 Z 0.0354 1.44 Leads +1 2.18 1 0.1397 Leads +4 12.22 4 0.0158 Leads +8 0.19 2 0.9111 logPH 5.47 1 0.0193 Other a 13.92 2 0.0010 SE 0.00598 R2 0.999 DW 2.14 Stability Test: AP T1 T2 lambda Break 11.90 1970.1 1979.4 2.53 1973.1 Estimation period is 1954.1-1996.3 alog(AA/POP)-1,log[YNL/(POP*PH)]-1 |
Table 5.7: Equation 7 |
Table 5.7 Equation 7 LHS Variable is log(L3/POP3) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.0079 -0.40 Lags 7.52 4 0.1108 log(L3/POP3){-1} 0.9054 26.77 RHO=4 7.18 4 0.1266 log(WA/PH) 0.0350 3.21 Leads +1 3.17 1 0.0748 Z 0.0588 2.13 Leads +4 9.71 4 0.0455 log(AA/POP){-1} -0.0105 -1.38 Leads +8 5.88 2 0.0528 T -0.0002 -3.44 logPH 0.16 1 0.6868 Other a 6.52 1 0.0107 SE 0.00552 R2 0.982 DW 1.91 Stability Test: AP T1 T2 lambda Break 6.48 1970.1 1979.4 2.53 1979.2 Estimation period is 1954.1-1996.3 alog[YNL/(POP*PH)]-1 |
Table 5.8: Equation 8 |
Table 5.8 Equation 8 LHS Variable is log(LM/POP) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.2574 -2.74 Lags 7.26 3 0.0639 log(LM/POP){-1} 0.9230 35.73 RHO=4 3.51 4 0.4771 log(WA/PH) 0.0402 1.12 T 0.69 1 0.4065 Z 1.1388 3.80 Leads +1 0.33 1 0.5675 Leads +4 3.20 4 0.5246 Leads +8 1.16 2 0.5606 logPH 0.06 1 0.8069 Other a 10.20 2 0.0061 SE 0.06839 R2 0.904 DW 1.96 Stability Test: AP T1 T2 lambda Break 5.94 1970.1 1979.4 2.53 1978.4 Estimation period is 1954.1-1996.3 alog(AA/POP)-1, log[YNL/(POP*PH)]-1 |
Table 5.9: Equation 9 |
Table 5.9 Equation 9 LHS Variable is log[MH/(POP*PH)] Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.1089 4.33 log[MH/(POP*PH) 1.57 1 0.2105 log[MH{-1}/(POP{-1}*PH)] 0.8633 32.97 Lags 4.45 3 0.2173 log[YD/(POP*PH)] 0.0504 5.04 RHO=4 43.29 3 0.0000 RSA -0.0045 -4.07 T 1.75 1 0.1860 RHO1 -0.1993 -2.50 SE 0.02352 R2 0.920 DW 1.92 Chi Square (AGE) = 15.04 (df = 3, p-value = 0.0018) Stability Test: AP T1 T2 lambda Break 13.19 1970.1 1979.4 2.53 1979.2 Estimation period is 1954.1-1996.3 |
Table 5.10: Equation 10 |
Table 5.10 Equation 10 LHS Variable is logPF Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val logPF{-1} 0.9216 156.17 Level form a 4.41 2 0.1104 log[WF*(1+D5G)] 0.0326 8.07 Lags 7.37 4 0.1177 cnst 0.1211 7.35 RHO=4 5.84 3 0.1196 logPIM 0.0321 12.21 T 4.28 1 0.0385 log[((YS-Y)/YS){-1}+.04] -0.0035 -2.70 Leads +1 2.00 1 0.1578 RHO1 0.1979 2.69 Leads +4 8.93 4 0.0629 Leads +8 8.05 2 0.0179 UR{-1} 30.81 1 0.0000 [(YS-Y)/YS]{-1} 8.53 1 0.0035 Change form b 63.32 3 0.0000 SE 0.00394 R2 1.000 DW 1.95 Stability Test: AP T1 T2 lambda Break 19.28 1970.1 1979.4 2.53 1972.2 Estimation period is 1954.1-1996.3 alog[WF*(1+D5G)]-1 and logPIM-1 added to the equation. blogPF-1, log[WF*(1+D5G)]-1, and logPIM-1 added to the 'equation with Ch logPF on the left hand side and a constant, Ch log(WF(1+D5G)), Ch logPIM, and log[((YS-Y)/YS)-1+.04] on the right hand side. |
Table 5.11: Equation 11 |
Table 5.11 Equation 11 LHS Variable is Y Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 120.6384 5.56 Lags 1.16 2 0.5608 Y{-1} 0.3082 7.31 RHO=4 1.92 1 0.1662 X 0.9108 20.24 T 1.88 1 0.1704 V{-1} -0.3139 -8.27 Leads +1 7.34 1 0.0068 RHO1 0.4494 5.79 Leads +8 8.79 2 0.0124 RHO2 0.2119 2.63 Spread 9.47 4 0.0504 RHO3 0.2675 3.61 SE 3.39882 R2 1.000 DW 2.03 Stability Test: AP T1 T2 lambda Break 14.34 1970.1 1979.4 2.53 1979.3 Estimation period is 1954.1-1996.3 |
Table 5.12: Equation 12 |
Table 5.12 Equation 12 LHS Variable is Ch IKF Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val (KK-KKMIN){-1} -0.0060 -2.65 Lags 25.47 5 0.0001 IKF{-1}-DELK*KK{-1} -0.0175 -1.41 RHO=4 7.88 4 0.0959 Ch Y 0.0674 3.09 T 2.29 1 0.1305 Ch Y{-1} 0.0382 2.23 Leads +1 0.00 1 0.9788 Ch Y{-2} 0.0232 1.40 Leads +4 1.59 4 0.8108 Ch Y{-3} 0.0276 1.66 Leads +8 3.26 2 0.1962 Ch Y{-4} 0.0215 1.32 cnst 0.02 1 0.8963 TXCR*IKFA 0.0031 1.01 Spread 1.83 4 0.7666 RB'{-3}*IKFA -0.0008 -1.32 SE 1.44141 R2 0.392 DW 2.00 Stability Test: AP T1 T2 lambda Break 1.58 1970.1 1979.4 2.53 1978.2 Estimation period is 1954.1-1996.3 |
Table 5.13: Equation 13 |
Table 5.13 Equation 13 LHS Variable is Ch logJF Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.5102 -3.67 Lags 36.33 5 0.0000 DD772 -0.0662 -0.25 RHO=4 16.09 4 0.0029 log(JF/JHMIN){-1} -0.0821 -3.66 Leads +1 2.02 1 0.1558 DD772*log(JF/JHMIN){-1} -0.0126 -0.29 Leads +4 16.09 4 0.0029 Ch logJF{-1} 0.4276 7.83 Leads +8 7.76 2 0.0207 DD772*Ch logJF{-1} -0.0570 -0.51 T 0.0001 3.54 DD772*T -0.0001 -2.06 Ch logY 0.3231 9.63 SE 0.00318 R2 0.755 DW 2.03 Estimation period is 1954.1-1996.3 |
Table 5.14: Equation 14 |
Table 5.14 Equation 14 LHS Variable is Ch logHF Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.5926 4.34 Lags 4.07 4 0.3967 DD772 0.4368 3.20 RHO=4 5.89 3 0.1170 logHF{-1} -0.1861 -5.92 Leads +1 0.81 1 0.3670 log(JF/JHMIN){-1} -0.0907 -4.74 Leads +4 3.16 4 0.5317 DD772*log(JF/JHMIN){-1} 0.0739 3.31 Leads +8 0.01 2 0.9949 T -0.0001 -4.93 DD772*T 0.0001 4.11 Ch logY 0.1675 6.68 RHO1 -0.2016 -2.44 SE 0.00254 R2 0.469 DW 2.01 Estimation period is 1954.1-1996.3 |
Table 5.15: Equation 15 |
Table 5.15 Equation 15 LHS Variable is logHO Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 3.9330 49.84 Lags 1.01 2 0.6019 HFF 0.0200 8.44 RHO=4 2.75 3 0.4325 HFF{-1} 0.0118 5.00 T 5.05 1 0.0247 RHO1 0.9513 34.48 SE 0.04607 R2 0.945 DW 1.84 Stability Test: AP T1 T2 lambda Break 4.17 1970.1 1979.4 2.67 1975.4 Estimation period is 1956.1-1996.3 |
Table 5.16: Equation 16 |
Table 5.16 Equation 16 LHS Variable is logWF Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val logWF{-1} 0.7233 5.80 Real Wage Restr 13.64 4 0.0085 logPF 0.3923 3.24 Lags 3.90 1 0.0482 logWF{-2} 0.0461 0.52 RHO=4 19.90 3 0.0002 logWF{-3} 0.0719 0.90 UR{-1} 0.03 1 0.8653 logWF{-4} 0.1505 1.91 cnst -0.0797 -1.23 T 0.0003 3.85 RHO1 0.3832 2.54 logPF{-1}a -0.1444 0.00 logPF{-2}a -0.0461 0.00 logPF{-3}a -0.0719 0.00 logPF{-4}a -0.1505 0.00 SE 0.00648 R2 0.999 DW 1.95 Stability Test: AP T1 T2 lambda Break 16.23 1970.1 1979.4 2.53 1972.3 Estimation period is 1954.1-1996.3 aCoefficient constrained. See the discussion in the text. bEquation estimated withno restrictions on the coefficients. |
Table 5.17: Equation 17 |
Table 5.17 Equation 17 LHS Variable is log(MF/PF) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.1322 1.49 log(MF/PF){-1} 0.46 1 0.4967 log(MF{-1}/PF) 0.9568 41.11 Lags 8.26 3 0.0409 log(X-FA) 0.0169 1.54 RHO=4 18.20 4 0.0011 RS*(1-D2G-D2S) -0.0010 -0.47 T 0.28 1 0.5981 SE 0.03253 R2 0.961 DW 2.38 Stability Test: AP T1 T2 lambda Break 4.86 1970.1 1979.4 2.53 1976.2 Estimation period is 1954.1-1996.3 |
Table 5.18: Equation 18 |
Table 5.18 Equation 18 LHS Variable is log(DF/DF{-1}) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val log[(PIEF-TFG-TFS)/DF]{- 0.0238 10.95 Restriction 8.30 1 0.0040 Lags 3.32 2 0.1905 RHO=4 14.69 4 0.0054 T 9.73 1 0.0018 cnst 2.33 1 0.1271 SE 0.02290 R2 0.011 DW 1.77 Stability Test: AP T1 T2 lambda Break 6.68 1970.1 1979.4 2.53 1976.1 Estimation period is 1954.1-1996.3 |
Table 5.20: Equation 20 |
Table 5.20 Equation 20 LHS Variable is IVA Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.4545 -0.81 Lags 4.78 2 0.0917 (PX-PX{-1})*V{-1} -0.3999 -5.22 RHO=4 16.21 3 0.0010 RHO1 0.5673 8.52 T 0.02 1 0.8934 SE 2.30395 R2 0.586 DW 2.04 Stability Test: AP T1 T2 lambda Break 2.47 1970.1 1979.4 2.53 1974.4 Estimation period is 1954.1-1996.3 |
Table 5.21: Equation 21 |
Table 5.21 Equation 21 LHS Variable is log(CCF/CCF{-1}) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val log[(PIK*IKF)/CCF{-1}] 0.0587 19.33 Restriction 9.13 1 0.0025 D811824 0.0230 4.76 Lags 9.56 2 0.0084 D831834 0.0259 3.89 RHO=4 13.03 4 0.0111 T 9.70 1 0.0018 cnst 6.53 1 0.0106 SE 0.01330 R2 0.329 DW 1.80 Estimation period is 1954.1-1996.3 |
Table 5.22: Equation 22 |
Table 5.22 Equation 22 LHS Variable is BO/BR Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.0026 0.77 Lags 7.00 3 0.0718 (BO/BR){-1} 0.3452 4.80 RHO=4 28.25 4 0.0000 RS 0.0045 1.53 T 2.45 1 0.1176 RD -0.0022 -0.82 SE 0.01977 R2 0.318 DW 2.07 Stability Test: AP T1 T2 lambda Break 7.82 1970.1 1979.4 2.53 1975.2 Estimation period is 1954.1-1996.3 |
Table 5.23: Equation 23 |
Table 5.23 Equation 23 LHS Variable is RB-RS{-2} Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.2416 4.92 Restriction 1.02 1 0.3133 RB{-1}-RS{-2} 0.8859 41.77 Lags 1.95 2 0.3769 RS-RS{-2} 0.3049 8.84 RHO=4 11.57 3 0.0090 RS{-1}-RS{-2} -0.2321 -5.34 T 4.51 1 0.0338 RHO1 0.2446 3.13 Leads +1 0.03 1 0.8687 Leads +4 4.84 4 0.3044 p4e 2.17 1 0.1408 p8e 2.23 1 0.1353 SE 0.26185 R2 0.959 DW 2.04 Stability Test: AP T1 T2 lambda Break 4.29 1970.1 1979.4 2.53 1979.4 Estimation period is 1954.1-1996.3 |
Table 5.24: Equation 24 |
Table 5.24 Equation 24 LHS Variable is RM-RS{-2} Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.4560 5.72 Restriction 1.82 1 0.1777 RM{-1}-RS{-2} 0.8510 33.81 Lags 1.66 2 0.4365 RS-RS{-2} 0.2795 5.93 RHO=4 2.21 4 0.6980 RS{-1}-RS{-2} -0.0447 -0.68 T 3.28 1 0.0701 Leads +1 1.51 1 0.2189 Leads +4 13.39 4 0.0095 Leads +8 4.43 2 0.1092 p4e 1.07 1 0.3018 p8e 1.44 1 0.2302 SE 0.35970 R2 0.894 DW 1.93 Stability Test: AP T1 T2 lambda Break 4.67 1970.1 1979.4 2.53 1979.4 Estimation period is 1954.1-1996.3 |
Table 5.25: Equation 25 |
Table 5.25 Equation 25 LHS Variable is CG Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 34.7075 4.61 Lags 15.26 3 0.0016 Ch RB -106.4572 -3.62 RHO=4 29.76 4 0.0000 Ch (CF-TFG-TFS) -0.6945 -0.26 T 15.64 1 0.0001 Leads +1 1.33 2 0.5153 Leads +4 8.89 8 0.3518 Leads +8 7.10 4 0.1305 Ch RS 0.49 1 0.4825 SE 97.51189 R2 0.167 DW 1.62 Stability Test: AP T1 T2 lambda Break 5.94 1970.1 1979.4 2.53 1979.1 Estimation period is 1954.1-1996.3 |
Table 5.26: Equation 26 |
Table 5.26 Equation 26 LHS Variable is log[CUR/(POP*PF)] Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.0552 -8.14 log([CUR/(POP*P 8.14 1 0.0043 log[CUR{-1}/(POP{-1}*PF) 0.9540 108.87 Lags 9.58 3 0.0225 log[(X-FA)/POP] 0.0519 8.30 RHO=4 15.49 3 0.0014 RSA -0.0012 -2.63 T 0.18 1 0.6735 RHO1 -0.2771 -3.59 SE 0.01017 R2 0.995 DW 1.91 Stability Test: AP T1 T2 lambda Break 7.07 1970.1 1979.4 2.53 1977.3 Estimation period is 1954.1-1996.3 |
Table 5.27: Equation 27 |
Table 5.27 Equation 27 LHS Variable is log(IM/POP) Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -0.5985 -4.24 Lags 7.67 4 0.1045 log(IM/POP){-1} 0.8545 25.14 RHO=4 27.93 4 0.0000 log[YD/(POP*PH)] 0.3791 4.39 T 18.02 1 0.0000 log(PF/PIM) 0.0479 2.18 Leads +1 0.23 1 0.6287 RMA{-1} -0.0036 -1.93 Leads +4 14.20 4 0.0067 D691 -0.1178 -3.88 Leads +8 1.97 2 0.3734 D692 0.1440 4.70 p4e 35.69 1 0.0000 D714 -0.0913 -3.01 p8e 25.22 1 0.0000 D721 0.1066 3.50 logPF 29.04 1 0.0000 log[(X-FA)/POP] 2.05 1 0.1521 Other a 24.15 4 0.0001 Spread 38.23 4 0.0000 SE 0.03001 R2 0.997 DW 1.69 Estimation period is 1954.1-1996.3 alog(AA/POP)-1, log(WA/PH), Z, log[YNL/(POP*PH)] |
Table 5.28: Equation 28 |
Table 5.28 Equation 28 LHS Variable is logUB Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst 0.2182 0.56 Lags 10.49 3 0.0148 logUB{-1} 0.2642 3.89 RHO=4 5.75 3 0.1244 logU 1.1779 10.02 T 2.32 1 0.1281 logWF 0.3419 5.11 RHO1 0.7982 14.10 SE 0.06520 R2 0.996 DW 2.16 Stability Test: AP T1 T2 lambda Break 11.01 1970.1 1979.4 2.53 1975.1 Estimation period is 1954.1-1996.3 |
Table 5.30: Equation 30 |
Table 5.30 Equation 30 LHS Variable is RS Equation Chi Square Tests RHS Variable Est. t-stat. Test ChiSq df p-val cnst -15.6737 -6.33 Lags 8.82 6 0.1837 RS{-1} 0.8833 48.52 RHO=4 3.99 4 0.4070 100*[(PD/PD{-1})^4-1] 0.0765 3.93 T 0.74 1 0.3908 JJS 15.9718 6.41 Leads +1 2.13 3 0.5452 PCGDPR 0.0683 4.57 Leads +4 8.34 12 0.7583 PCM1{-1} 0.0195 3.13 Leads +8 2.00 6 0.9195 D794823*PCM1{-1} 0.2251 9.50 p4e 0.31 1 0.5772 Ch RS{-1} 0.2051 3.48 p8e 0.57 1 0.4496 Ch RS{-2} -0.2999 -5.51 SE 0.50002 R2 0.970 DW 1.95 Estimation period is 1954.1-1996.3 |