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. The name is absent2. Personal Experience: A Most Vicious and Limited Circle!? On the Role of Entrepreneurial Experience for Firm Survival
3. Auction Design without Commitment
4. Trade Liberalization, Firm Performance and Labour Market Outcomes in the Developing World: What Can We Learn from Micro-LevelData?
5. The storage and use of newborn babies’ blood spot cards: a public consultation
6. Governance Control Mechanisms in Portuguese Agricultural Credit Cooperatives
7. FDI Implications of Recent European Court of Justice Decision on Corporation Tax Matters
8. Sustainability of economic development and governance patterns in water management - an overview on the reorganisation of public utilities in Campania, Italy, under EU Framework Directive in the field of water policy (2000/60/CE)
9. A Review of Kuhnian and Lakatosian “Explanations” in Economics
10. The name is absent