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. 03-01 "Read My Lips: More New Tax Cuts - The Distributional Impacts of Repealing Dividend Taxation"2. Palkkaneuvottelut ja työmarkkinat Pohjoismaissa ja Euroopassa
3. The Effects of Reforming the Chinese Dual-Track Price System
4. The name is absent
5. DETERMINANTS OF FOOD AWAY FROM HOME AMONG AFRICAN-AMERICANS
6. The name is absent
7. The name is absent
8. The name is absent
9. Banking Supervision in Integrated Financial Markets: Implications for the EU
10. The name is absent