Table 3
The autocovariance structure of shocks to value added
The table reports the estimates and the corresponding standard errors of the autocovariances at
various orders of the residual of value added growth in first differences, i.e., estimates of E (∆εj t∆εjt-τ).
The data are pooled over all years.
Order |
All years |
Order |
All years |
0 |
0.1188 |
6 |
0.0002 |
1 |
-0.0435 |
7 |
-0.0024 (0.0012) |
2 |
0.0008 |
8 |
0.0011 (0.0011) |
3 |
0.0001 |
9 |
-0.0042 (0.0023) |
4 |
0.0010 |
10 |
0.0109 |
5 0.0006
(0.0008)
43
More intriguing information
1. Before and After the Hartz Reforms: The Performance of Active Labour Market Policy in Germany2. The name is absent
3. Three Strikes and You.re Out: Reply to Cooper and Willis
4. The urban sprawl dynamics: does a neural network understand the spatial logic better than a cellular automata?
5. A THEORETICAL FRAMEWORK FOR EVALUATING SOCIAL WELFARE EFFECTS OF NEW AGRICULTURAL TECHNOLOGY
6. I nnovative Surgical Technique in the Management of Vallecular Cyst
7. Expectations, money, and the forecasting of inflation
8. The magnitude and Cyclical Behavior of Financial Market Frictions
9. The name is absent
10. Business Cycle Dynamics of a New Keynesian Overlapping Generations Model with Progressive Income Taxation