Table 2a: Regression Result for Inflation, Threshold Inflation and GDP Growth Rate
|
Dependant Variable |
GDPGR | ||||||
|
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 |
0.4443 |
0.4468 |
0.4514 |
0.4540 |
0.4536 |
0.4518 |
0.4487 |
|
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) |
-1.17 |
-1.19 |
-1.24 |
-1.27 |
-1.31 |
-1.34 |
-1.37 |
|
(0.94) |
(0.94) |
(0.94) |
(0.94) |
(0.94) |
(0.95) |
(0.95) | |
|
∆INVPR(-1) |
0.51** |
0.52** |
0.53** |
0.55** |
0.55** |
0.55** |
0.56** |
|
(0.24) |
(0.24 |
(0.24) |
(0.24) |
(0.24) |
(0.24) |
(0.24) | |
|
∆INVPU(-2) |
1.71*** |
1.73*** |
1.74*** |
1.74*** |
1.72*** |
1.70*** |
1.70*** |
|
(0.51) |
(0.51) |
(0.51) |
(0.51) |
(0.51) |
(0.51) |
(0.51) | |
|
INF(-1) |
0.72** |
0.69** |
0.67** |
0.64** |
0.61** |
0.57** |
0.55** |
|
(0.31) |
(0.30) |
(0.29) |
(0.28) |
(0.27) |
(0.26) |
(0.25) | |
|
INFVOL(-1) |
-0.19 |
-0.18 |
-0.17 |
-0.17 |
-0.17 |
-0.17 |
-0.16 |
|
(0.16) |
(0.16) |
(0.16) |
(0.16) |
(0.16) |
(0.16) |
(0.16) | |
|
POPGR(-1) |
-1.77* |
-1.75* |
-1.73* |
-1.73* |
-1.76* |
-1.80* |
-1.83* |
|
(0.88) |
(0.88) |
(0.87) |
(0.87) |
(0.86) |
(0.85) |
(0.85) | |
|
THRES |
-1.03*** |
-1.01*** |
-1.01*** |
-0.99*** |
-0.97*** |
-0.95*** |
-0.93*** |
|
(0.36) |
(0.35) |
(0.34) |
(0.33) |
(0.32) |
(0.32) |
(0.32) | |
|
Test |
(Test Statistics and p-value) | ||||||
|
Wald Test |
8.90 |
9.288 |
9.784 |
10.175 |
10.40 |
10.506 |
10.542 |
|
[0.006] |
[0.005] |
[0.004] |
[0.004] |
[0.003] |
[0.003] |
[0.003] | |
|
Jarque-Bera Test of |
0.858 |
0.810 |
0.736 |
0.737 |
0.810 |
0.920 |
1.083 |
|
Normality |
[0.650] |
[0.666] |
[0.691] |
[0.692] |
[0.666] |
[0.631] |
[0.581] |
|
Breusch-Godfrey Serial |
0.404 |
0.337 |
0.266 |
0.240 |
0.224 |
0.217 |
0.211 |
|
Correlation LM Test |
[0.671] |
[0.716] |
[0.767] |
[0.789] |
[0.800] |
[0.806] |
[0.810] |
|
ARCH Test of Conditional |
1.030 |
1.045 |
0.976 |
0.889 |
0.775 |
0.661 |
0550 |
|
Heteroskedasticity____________ |
[0.320] |
[0.314] |
[0.330] |
[0.353] |
[0.385] |
[0.442] |
[0.463] |
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. THE MEXICAN HOG INDUSTRY: MOVING BEYOND 2003
3. Automatic Dream Sentiment Analysis
4. The English Examining Boards: Their route from independence to government outsourcing agencies
5. The Cost of Food Safety Technologies in the Meat and Poultry Industries.
6. Evidence on the Determinants of Foreign Direct Investment: The Case of Three European Regions
7. IMPACTS OF EPA DAIRY WASTE REGULATIONS ON FARM PROFITABILITY
8. The name is absent
9. Work Rich, Time Poor? Time-Use of Women and Men in Ireland
10. Insurance within the firm