The name is absent



Table 7

Encompassing tests, Germany

West Germany, 1985:1 - 1998:4

h______

_____________x = GDP_____________

x = unemployment rate

sMed

saif

sMom

sWMed

st

sM

sa,r

s Mom

sWMed

st 20

1 DM

1.38*

1.45*

1.06

1.51*

1.34*

1.30*

1.29*

1.08

1.34*

1.27

MDM

1.36*

1.42*

1.04

1.48*

1.32*

1.28

1.27

1.06

1.32*

1.25

2 DM

1.78**

1.92**

1.17

2.08**

2.00**

1.34*

1.51*

1.08

1.59*

1.53*

MDM

1.68*

1.81**

1.10

1.96**

1.89**

1.27

1.43*

1.02

1.50*

1.44*

3 DM

2.86***

3.29***

2.43***

3.60***

3.12***

2.23**

2.72***

2.68***

3.17***

2.68***

MDM

2.58***

2.97***

2.20**

3.25***

2.82***

2.02**

2.46**

2.42**

2.86***

2.42**

4 DM

2.03**

2.20**

1.18

2.43***

2.10**

1.47*

1.67**

1.44*

1.76**

1.65**

MDM

1.75**

1.89**

1.01

2.09**

1.81**

1.26

1.44*

1.24

1.51*

1.42*

Germany, 1993:1 - 1998:4

x =

GDP______________

x = unemployment rate

h

Med

Diff

Mom

WMed

tt20

Med

Diff

Mom

WMed

tt20

s

s ff

s

s

s

s

s f

s

s

s

1

DM

2.77***

1.90**

-0.20

0.95

2.01**

1.18

0.00

-0.73

-0.01

1.18

MDM

2.73***

1.87**

-0.20

0.94

1.98**

1.16

0.00

-0.72

-0.01

1.16

2

DM

2.73***

2.35***

0.16

1.26

2.41***

2.15**

1.37*

0.00

-0.85

1.63*

MDM

2.61***

2.25**

0.15

1.21

2.31**

2.06**

1.31*

0.00

-0.81

1.56*

3

DM

2.07**

1.77**

0.18

1.03

2.01**

1.47*

0.52

0.66

0.09

1.29

MDM

1.92**

1.64**

0.17

0.95

1.86**

1.36*

0.48

0.61

0.08

1.19

4

DM

2.05**

1.43*

-0.08

0.86

2.22**

1.32*

1.05

-0.13

0.07

1.37*

MDM

1.83**

1.28

-0.07

0.77

1.98**

1.18

0.94

-0.12

0.06

1.22

Notes: The lag length is set to minimize the Schwarz-information criteria. (M)DM indicates the (modified)
Diebold-Mariano test statistic. *** (**) (*) denotes significance at the 0.99 (0.95) (0.90) level.



More intriguing information

1. The name is absent
2. Estimating the Economic Value of Specific Characteristics Associated with Angus Bulls Sold at Auction
3. Impact of Ethanol Production on U.S. and Regional Gasoline Prices and On the Profitability of U.S. Oil Refinery Industry
4. Correlation Analysis of Financial Contagion: What One Should Know Before Running a Test
5. Studying How E-Markets Evaluation Can Enhance Trust in Virtual Business Communities
6. Psychological Aspects of Market Crashes
7. EU enlargement and environmental policy
8. The name is absent
9. Review of “The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas”
10. Does Presenting Patients’ BMI Increase Documentation of Obesity?