V3,∞ (0,5) = 11 + 0, 666 ∙ 5 + 1, 333 ∙
6
28
3
= 11 + 1, 388 - 12,441 = -0, 053.
Finally
12,666
' (0, 5) =
9, 334
-0, 053
For β2 = 0,99 we obtain
' (0, 99) =
1
1 - 0, 99
5, 5
5, 5
5, 5
ι 1
+ 1 + 0, 99
2, 5 |
1 |
2, 5 |
+ --------- |
, |
1 - 0, 5 ∙ 0,99 |
28
3 -
6 J
5, 5 |
2, 5 |
0 | |||
= 100 |
5, 5 |
+ 0, 502 |
-2, 5 |
+ 1,980 |
0 |
5, 5 |
5 - 6 - |
28 -— L 3-1 |
and the result
νι,∞ (0, 99) = 100 ∙ 5,5 + 0, 502 ∙ 2,5 + 1, 980 ∙ 0 = 550 + 1, 255 + 0 = 551, 255,
ν2,∞ (0, 99) = 100 ∙ 5, 5 - 0, 502 ∙ 2, 5 + 0 = 548, 745,
V3 ∞ (0, 99) = 550 + 0, 502 ∙ 5 + 1, 980 ∙ 28 = 531,938.
63
Finally
551, 255
' (0,99) =
548, 745
531, 938
12
More intriguing information
1. The East Asian banking sector—overweight?2. The name is absent
3. The Shepherd Sinfonia
4. A parametric approach to the estimation of cointegration vectors in panel data
5. The Impact of Minimum Wages on Wage Inequality and Employment in the Formal and Informal Sector in Costa Rica
6. The name is absent
7. The name is absent
8. The name is absent
9. The name is absent
10. The name is absent