Appendix
Table A1: Cointegration between US interest rate and interest rate expenditure on debt/GDP
(industrialised countries)
France | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.559 |
19.628 |
17.021 |
0.02 |
1 |
1 |
0.071 |
1.609 |
8.179 |
0.765 |
Germany | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.497 |
19.231 |
17.283 |
0.025 |
1 |
1 |
0.171 |
4.119 |
8.171 |
0.314 |
Spain | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.522 |
21.434 |
16.825 |
0.009 |
1 |
1 |
0.211 |
5.205 |
8.027 |
0.186 |
Portugal | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.699 |
29.576 |
17.256 |
0 |
1 |
1 |
0.189 |
4.389 |
7.837 |
0.264 |
Belgium | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.578 |
22.722 |
17.793 |
0.008 |
1 |
1 |
0.157 |
3.748 |
8.046 |
0.362 |
Italy | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.636 |
25.644 |
17.743 |
0.002 |
1 |
1 |
0.143 |
3.383 |
8.018 |
0.409 |
Austria | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.779 |
47.2 |
17.368 |
0 |
1 |
1 |
0.522 |
15.484 |
7.868 |
0.001 |
Canada | |||||
P-r |
r |
Eig.Value |
Trace |
Frac95 |
P-Value |
2 |
0 |
0.548 |
21.555 |
17.593 |
0.01 |
1 |
1 |
0.169 |
4.082 |
0.427 |
0.942 |
41
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