Table A.7: Johansen’s LR test of the hypothesis that
the space of cointegrating vectors is spanned by the
column of a 2× 1 matrix H (intercept present, trend absent):
|
HT: |
test |
conclusions |
5% |
|
(1,-0.40) |
11.74 |
reject reject | |
|
(1,-0.50) |
11.55 |
reject |
reject |
|
(1,-0.60) |
11.02 |
reject |
reject |
|
(1,-0.65) |
10.26 |
reject reject | |
|
(1,-0.70) |
7.75 |
reject |
reject |
|
(1,-0.75) |
0.21 |
accept accept | |
|
(1,-0.80) |
11.22 |
reject |
reject |
|
(1,-0.90) |
12.55 |
reject |
reject |
|
(1,-1.00) |
12.49 |
reject |
reject |
Table A.8: Cointegration regressions for ln[wages].
Regressors: OLS estimates:
|
LN[GNP] 0.64577 0.74564 1 -1.27404 time (1860=1) |
0.68591 -0.86678 0.00385 |
|
R2: 0.97845 0.99657 n = 80 (1909-1988) |
0.99684 |
63
More intriguing information
1. Models of Cognition: Neurological possibility does not indicate neurological plausibility.2. The name is absent
3. Spatial patterns in intermunicipal Danish commuting
4. IMPACTS OF EPA DAIRY WASTE REGULATIONS ON FARM PROFITABILITY
5. The name is absent
6. FDI Implications of Recent European Court of Justice Decision on Corporation Tax Matters
7. The Impact of Financial Openness on Economic Integration: Evidence from the Europe and the Cis
8. The economic value of food labels: A lab experiment on safer infant milk formula
9. THE DIGITAL DIVIDE: COMPUTER USE, BASIC SKILLS AND EMPLOYMENT
10. The name is absent