Table 5: Unconditional Convergence Model.
|
Sectors |
Beta |
Standard |
Rate of |
|
Mining |
-0.3810*** |
0.0954 |
1.41 |
|
Construction |
-0.5334*** |
0.1248 |
2.24 |
|
Manufacturing |
-0.7447*** |
0.1441 |
4.02 |
|
Transportation and Public Utility |
-0.6996*** |
0.1785 |
3.54 |
|
Wholesale Trade/Retail trade |
-0.1125 |
0.1577 |
0.35 |
|
F.I.R.E |
-0.5794*** |
0.1548 |
2.55 |
|
Services |
-0.3386** |
0.1588 |
1.22 |
|
Government |
-0.3546*** |
0.0907 |
1.29 |
|
Total |
-0.4333*** |
0.1427 |
1.67 |
Significance at the 1 and 5 level is signaled by *** and ** , respectively.
24
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