Table 5(B). Long run PPP coefficient estimates (WPI)
|
MG_______FE_______POLS |
i) DM
|
ADF P [SE1] |
-.0524[.0050] -.0317[.0041] -.0178[.0029] |
|
ADF(Wτ ) P [SE1] |
-.0559[.0053] -.0346[.0033] -.0192[.0023] |
|
ARDL Y [SE1] |
-.0069[.0047] -.0025[.0011] -.0033[.00092] |
|
ARDL(Wτ ) Y [SE1] |
-.0053[.0054] -.0023[.00089] -.0028[.00075] |
ii) US$
|
ADF P [SE1] |
-0.0311[.0019] -0.0279[.0038] -0.0209[.0032] |
|
ADF(Wτ ) P [SE1] |
-0.0346[.0018] -0.0314[.0022] -0.0234[.0019] |
|
ARDL Y [SE1] |
-0.0099[.0034] -0.0037[.0017] -0.0022[.0013] |
|
ARDL(Wτ ) Y [SE1] |
-0.0030[.0024] -0.0021[.00097] -0.0020[.00072] |
28
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