Table 6.3 Determinants of Deficit- and Debt-specific SFA - EU15
|
EU15 - 1994-2004 - |
2SLS fixed effects estimation (1)__________ | |||
|
Dependent Variable |
Deficit SFA (x) |
Deficit SFA (x) |
Debt SFA (z) |
Debt SFA (z) |
|
Data set___________ |
Current Values (2) |
Original Values (3) |
Current Values (2) |
Original Values (3) |
|
Constant |
0.5 |
1.28* |
1.63** |
1.39* |
|
0.94 |
2.32 |
2.62 |
2.04 | |
|
Dummy 1999 |
0.97** |
1.09** |
0.38 |
0.19 |
|
3.29 |
3.54 |
1.25 |
0.57 | |
|
“True deficit” |
0.31** |
0.33** |
0.33** |
0.31** |
|
5.97 |
6.11 |
5.62 |
4.94 | |
|
Growth effect |
-0.34** |
-0.29* | ||
|
2.89 |
2.19 | |||
|
Deficitrule(H) |
-0.27* |
-0.45** | ||
|
2.43 |
3.97 | |||
|
Debt rule (W) |
-0.2** |
-0.18** | ||
|
5.72________ |
4.76_______ | |||
|
Number of |
134 |
134 |
129 |
129 |
|
observations | ||||
|
R2: within |
0.276 |
0.339 |
0.385 |
0.329 |
|
between |
0.353 |
0.398 |
0.446 |
0.348 |
|
______overall_______ |
0.299________ |
0.346________ |
0.203________ |
0.159 |
Notes: (1) Adjusted T- statistics in italics. *, ** indicate coefficient significance at the 95% and 99%
level, respectively. "True Deficit" and "h" are instrumented by their lagged values.
(2) Data as in the latest releases available.
(3) 1998-2004 data for Greece, Italy, and Portugal are those from first official releases
Table 6.4 Determinants of Deficit- and Debt-specific SFA - Euro area
|
Euro area - 1994-2004 |
- 2SLS fixed effects estimation (1)______ | |||
|
Dependent Variable |
Deficit SFA (x) |
Deficit SFA (x) |
Debt SFA (z) |
Debt SFA (z) |
|
Data set_____________ |
Current Values (2) |
Original Values (3) |
Current Values (2) |
Original Values (3) |
|
Constant |
0.27 |
1.5* |
1.65** |
1.39* |
|
0.46 |
2.27 |
2.13 |
1.62 | |
|
Dummy 1999 |
0.87** |
0.98** |
1.71 |
-0.0-5 |
|
2.8 |
2.91 |
0.5 |
0.13 | |
|
“True deficit” |
0.29** |
0.32** |
0.30** |
0.28** |
|
4.78 |
4.83 |
3.97 |
3.38 | |
|
Growth effect |
-0.35** |
-0.29* | ||
|
2.68 |
1.99 | |||
|
Deficitrule(H) |
-0.21 |
-0.48** | ||
|
1.68 |
3.67 | |||
|
Debtrule (W) |
-0.2** |
-0.18** | ||
|
4.69________ |
3.83________ | |||
|
Number of |
101 |
101 |
99 |
99 |
|
observations | ||||
|
R2: within |
0.258 |
0.349 |
0.330 |
0.269 |
|
between |
0.451 |
0.408 |
0.467 |
0.378 |
|
______overall_________ |
0.345________ |
0.340________ |
0.195________ |
0.151 |
Notes: (1) Adjusted T- statistics in italics. *, ** indicate coefficient significance at the 95% and 99%
level, respectively. "True Deficit" and "h" are instrumented by their lagged values.
(2) Data as in the latest releases available.
(3) 1998-2004 data for Greece, Italy, and Portugal are those from first official releases
176
More intriguing information
1. A Review of Kuhnian and Lakatosian “Explanations” in Economics2. Placentophagia in Nonpregnant Nulliparous Mice: A Genetic Investigation1
3. The name is absent
4. Quelles politiques de développement durable au Mali et à Madagascar ?
5. Do imputed education histories provide satisfactory results in fertility analysis in the Western German context?
6. The name is absent
7. Ability grouping in the secondary school: attitudes of teachers of practically based subjects
8. The name is absent
9. Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement
10. On Social and Market Sanctions in Deterring non Compliance in Pollution Standards