Table 2: Analysis of the residuals
|
ARCH(2) |
ARCH (4) |
LB(4) |
LB(8) | ||
|
mode 1 |
∆4e2t |
16.7** |
16.4** |
8.7 |
12.1 |
|
∆4e3t |
17.4** |
17.8** |
3.7 |
5.8 | |
|
mode 2 |
∆4e2t |
10.1** |
16** |
9.3 |
10.5 |
|
∆4e3t |
15.4** |
25.8** |
5.9 |
9 | |
Note: *Denotes significance at the 5% level. **Denotes significance at the 1% level.
References
Becker, Gary S., 1996, Accounting for Tastes (Harvard University Press, Cambridge, MA).
Becker, Gary S. and Kevin M. Murphy, 1988, A theory of rational addiction, Journal of Political
Economy 96, 675-700.
Becker, Gary S., Michael Grossman and Kevin M. Murphy, 1994, An empirical analysis of cigarette
addiction, American Economic Review 84, 396-418.
Burton, Micheal and Trevor Young, 1996, The impact of BSE on the demand for beef and other
meats in Great Britain, Applied Economics 28, 687-693.
Carrasco, Raquel, Jose M. Labeaga and J. David Lopez-Salido, 2005, Consumption and habits:
Evidence from panel data, Economic Journal 115, 144-165.
Christensen, Laurits R. and Marilyn E. Manser, 1977, Estimating U.S. consumer preferences for
meat with a flexible utility function, Journal of Econometrics 5, 37-53.
Dahlgran, Roger A. and Dean G. Fairchild, 2002, The demand impacts of chicken contamination
publicity—a case study, Agribusiness 18, 459-474.
Diebold, Francis X., 1987, Testing for serial correlation in the presence of ARCH, Proceedings
of the American Statistical Association, business and economic statistics section, 1986, 323-328.
Washington, DC: American Statistical Association.
Dynan, Karen E., 2000, Habit formation in consumer preferences: evidence from panel data, Amer-
ican Economic Review 90, 391-406.
Flake, Oliver L. and Paul M. Patterson, 1999, Health, food safety and meat demand, Paper pre-
sented at AAEA Annual Meetings, Nashville, TN.
Hansen, Lars P., 1982, Large sample properties of generalized method of moments estimators,
Econometrica 50, 1029-1055.
Heaton, John, 1995, An empirical investigation of asset pricing with temporally dependent prefer-
ence specifications, Econometrica 63, 681-717.
Henson, Spencer and Mario Mazzocchi, 2002, Impact of bovine spongiform encephalopathy on
20
More intriguing information
1. The name is absent2. Altruism with Social Roots: An Emerging Literature
3. Migration and employment status during the turbulent nineties in Sweden
4. The name is absent
5. THE USE OF EXTRANEOUS INFORMATION IN THE DEVELOPMENT OF A POLICY SIMULATION MODEL
6. Protocol for Past BP: a randomised controlled trial of different blood pressure targets for people with a history of stroke of transient ischaemic attack (TIA) in primary care
7. A production model and maintenance planning model for the process industry
8. The name is absent
9. EU enlargement and environmental policy
10. Spatial agglomeration and business groups: new evidence from Italian industrial districts