DAY = (β00 + β10*YEAR + β20*YEAR2
+ (β01 + β11*YEAR + β21*YEAR2)DOPEN)DY
+ (β02 + β12*YEAR + β22*YEAR2)DY2
+ (β02 + β12*YEAR + β22*YEAR2)DY3
+ (β03 + β13*YEAR + β23*YEAR2)DOPEN (39)
APPENDIX 4. Alternative Model Estimations
The growth model when the multiplier depends on the actual income is as follows:
GY1 = .08929 + (8.6602 -.0007297Y1)*GI1
(20.57) (4.23) (-2.21)
+.05341* (8.6602 -.0007297Y1)*(8.6602 - .0007297Y2)*GI2
(1.31) (4.23) (-2.21) (4.23) (-2.21)
- .1613*DUM89
(-15.40)
R2 = .6077 Adj.R2 = .6008
The alternative model where the total growth rate of the neighbour was used instead
of the growth in DAI was estimated to
GY1 = .05782 + (6.6010 -.0003139Y1)*GI1
(8.31) (4.41) (-1.60)
+.05837* (6.6010 -.0003139Y1)*GY2
(3.40) (4.41) (-1.60)
- .1063*DUM89
(-7.79)
R2 = .6530 Adj.R2 = .6469
Without explicit neighbor effect
GY1 = .09405 + (9.9485 -.0010719Y1)*GI1 - .1637*DUM89
(23.82) (7.08) (-2.47) (-15.60)
R2 = .5984 Adj.R2 = .5931
25
More intriguing information
1. Word Sense Disambiguation by Web Mining for Word Co-occurrence Probabilities2. Public infrastructure capital, scale economies and returns to variety
3. DISCUSSION: ASSESSING STRUCTURAL CHANGE IN THE DEMAND FOR FOOD COMMODITIES
4. Migrant Business Networks and FDI
5. Visual Artists Between Cultural Demand and Economic Subsistence. Empirical Findings From Berlin.
6. The name is absent
7. Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession
8. Regional dynamics in mountain areas and the need for integrated policies
9. Optimal Rent Extraction in Pre-Industrial England and France – Default Risk and Monitoring Costs
10. Conflict and Uncertainty: A Dynamic Approach