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. Innovation in commercialization of pelagic fish: the example of "Srdela Snack" Franchise2. What Lessons for Economic Development Can We Draw from the Champagne Fairs?
3. The magnitude and Cyclical Behavior of Financial Market Frictions
4. Optimal Rent Extraction in Pre-Industrial England and France – Default Risk and Monitoring Costs
5. Discourse Patterns in First Language Use at Hcme and Second Language Learning at School: an Ethnographic Approach
6. Testing the Information Matrix Equality with Robust Estimators
7. A Brief Introduction to the Guidance Theory of Representation
8. Fiscal federalism and Fiscal Autonomy: Lessons for the UK from other Industrialised Countries
9. Stakeholder Activism, Managerial Entrenchment, and the Congruence of Interests between Shareholders and Stakeholders
10. The name is absent