Keynesian Dynamics and the Wage-Price Spiral:Estimating a Baseline Disequilibrium Approach



17.

VC{1}

-0.107396969

0.020385633

-5.26827

0.00000014

18.

DVL{1}

0.990268556

0.260254619

3.80500

0.00014180

19.

RRATE{1}

-0.087342645

0.025881467

-3.37472

0.00073891

20.

UKBP

-0.389421984

0.087005531

-4.47583

0.00000761

21.

Constant

0.092439937

0.016944697

5.45539

0.00000005

Dependent Variable DRATE

Centered R**2     0.098748      R Bar **2 -0.283601

Uncentered R**2   0.099027      T x R**2      14.062

Mean of Dependent Variable      0.0001899061

Std Error of Dependent Variable 0.0108345824

Standard Error of Estimate      0.0122751627

Sum of Squared Residuals        0.0149172824

Durbin-Watson Statistic             1.735485

Variable                     Coeff       Std Error T-Stat Signif

22.

DFP

0.425510274

0.194647582

2.18605

0.02881160

23.

VC{1}

0.071522021

0.020739654

3.44856

0.00056358

24.

RATE{1}

-0.063107081

0.033596640

-1.87837

0.06032991

25.

Constant

-0.058282751

0.017563513

-3.31840

0.00090535

Likelihood Ratio Test of the Structural Restrictions

Chi-Squared(408)= 414.104639 with Significance Level 0.39322678

Chi-Squared(3)= 3.929183 with Significance Level 0.26921333

3SLS - System Estimation under Restrictions

Linear Model - Estimation by Restricted Regression
Dependent Variable UKBP

Variable

Coeff

1.

DP{1}

0.285296856

2.

DFP

0.714703144

3.

VL{1}

0.159703912

4.

UKBP{1}

-0.078237242

5.

Constant

-0.146329289

6.

DW{1}

0.081392827

7.

DFP

0.918607173

8.

VC{1}

0.045327673

9.

D74

0.010708802

10.

Constant

-0.037436331

33



More intriguing information

1. Willingness-to-Pay for Energy Conservation and Free-Ridership on Subsidization – Evidence from Germany
2. Stakeholder Activism, Managerial Entrenchment, and the Congruence of Interests between Shareholders and Stakeholders
3. MULTIPLE COMPARISONS WITH THE BEST: BAYESIAN PRECISION MEASURES OF EFFICIENCY RANKINGS
4. BODY LANGUAGE IS OF PARTICULAR IMPORTANCE IN LARGE GROUPS
5. The Evolution
6. THE ECONOMICS OF COMPETITION IN HEALTH INSURANCE- THE IRISH CASE STUDY.
7. Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement
8. Does Market Concentration Promote or Reduce New Product Introductions? Evidence from US Food Industry
9. Parent child interaction in Nigerian families: conversation analysis, context and culture
10. Declining Discount Rates: Evidence from the UK