Table 2b: Regression Result for Inflation, Threshold Inflation and GDPPC Growth Rate
|
Dependant Variable |
GDPPCGR | ||||||
|
Equation no. |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
Threshold Inflation |
5.25 |
5.50 |
5.75 |
6.00 |
6.25 |
6.50 |
6.75 |
|
R- square |
0.4985 |
0.5008 |
0.5044 |
0.5060 |
0.5050 |
0.5026 |
0.4991 |
|
Coef. |
Coef. |
Coef. |
Coef. |
Coef. |
Coef. |
Coef. | |
|
Explanatory variable |
(std. |
(std. |
(std. |
(std. |
(std. |
(std. |
(std. |
|
error) |
error) |
error) |
_____error) |
error) |
error) |
error) | |
|
∆GFCE(-1) |
-1.181 |
-1.203 |
-1.246 |
-1.280 |
-1.315 |
-1.343 |
-1.379 |
|
(0.918) |
(0.917) |
(0.917) |
(0.917) |
(0.921) |
(0.926) |
(0.933) | |
|
∆INVPR(-1) |
0.467* |
0.478* |
0.492** |
0.505** |
0.510** |
0.515** |
0.519** |
|
(0.238) |
(0.237) |
(0.236) |
(0.235) |
(0.235) |
(0.236) |
(0.237) | |
|
∆INVPU(-2) |
1.737*** |
1.749*** |
1.761*** |
1.760*** |
1.742*** |
1.724*** |
1.722*** |
|
(0.501) |
(0.501) |
(0.500) |
(0.499) |
(0.498) |
(0.498) |
(0.500) | |
|
INF(-1) |
0.731** |
0.702** |
0.680** |
0.651** |
0.616** |
0.578** |
0.547** |
|
(0.305) |
(0.294) |
(0.283) |
(0.272) |
(0.262) |
(0.253) |
(0.247) | |
|
INFVOL(-1) |
-0.189 |
-0.183 |
-0.177 |
-0.173 |
-0.171 |
-0.171 |
-0.169 |
|
(0.152) |
(0.152) |
(0.152) |
(0.152) |
(0.153) |
(0.154) |
(0.155) | |
|
-1.045*** |
-1.028*** |
-1.020*** |
- |
- |
- |
- | |
|
THRES |
1.004*** |
0.982*** |
0.954*** |
0.935*** | |||
|
(0.347) |
(0.339) |
(0.331) |
(0.324) |
(0.318) |
(0.312) |
(0.310) | |
|
Test |
(Test Statistics and p-value) | ||||||
|
Wald Test |
9.550 |
9.958 |
10.45 |
10.82 |
11.02 |
11.09 |
11.09 |
|
[0.005] |
[0.003] |
[0.001] |
[0003] |
[0.003] |
[0.002] |
[0.002] | |
|
Jarque-Bera Test of |
0.829 |
0.779 |
0.718 |
0.735 |
0827 |
0.956 |
1.141 |
|
Normality |
[0.66] |
[0.677] |
[0.798] |
[0.692] |
[0.661] |
[0.619] |
[0.561] |
|
Breusch-Godfrey Serial Correlation LM Test |
0.325 |
0.261 |
0.197 |
0.176 |
0.167 |
0.165 |
0.167 |
|
[0.725] |
[0.772] |
[0.822] |
[0.840] |
[0.847] |
[0.48] |
[0.847] | |
|
ARCH Test of | |||||||
|
Conditional Heteroskedasticity______ |
1.096 |
1.104 |
1.025 |
0.931 |
0.811 |
0.693 |
0.580 |
|
[0.302] |
0.301] |
[0.319] |
[0.342] |
[0.374] |
[0.411] |
[0.480] | |
Note: *, ** and *** indicate significant at 10, 5 and 1 percent level of significance.
Out of the 20 equation estimated with threshold inflation ranging from 4.00 to 8.50 this table
contains the result of threshold inflation ranging from 5.25 to 6.75.
Standard error given in ( ) bracket and p-value given in [ ] parenthesis.
More intriguing information
1. Pricing American-style Derivatives under the Heston Model Dynamics: A Fast Fourier Transformation in the Geske–Johnson Scheme2. The name is absent
3. TINKERING WITH VALUATION ESTIMATES: IS THERE A FUTURE FOR WILLINGNESS TO ACCEPT MEASURES?
4. The name is absent
5. Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)
6. MATHEMATICS AS AN EXACT AND PRECISE LANGUAGE OF NATURE
7. The name is absent
8. An alternative way to model merit good arguments
9. Short- and long-term experience in pulmonary vein segmental ostial ablation for paroxysmal atrial fibrillation*
10. Voluntary Teaming and Effort