Table III: Likelihood Ratio tests to determine lag length
|
p 1 = 5 and p 0 = 4 |
p 1 = 6 and p 0 = 5 | |
|
χ1 |
12.58530 |
6.687759 |
|
Critical χ2 (4) (at 5% level of significance) |
9.49 |
9.49 |
Table IV: VAR Estimates for dependent variable - ∆zt =∆(qt -it -gt)
|
Variable |
Coefficient |
Standard error |
T-statistic |
|
δ Zt-1 |
-0.5445 |
0.2086 |
-2.6106 |
|
δ Zt-2 |
-0.0488 |
0.2272 |
-0.2146 |
|
δ Zt-3 |
-0.2472 |
0.2241 |
-1.1030 |
|
δ Zt-4 |
0.5985 |
0.2282 |
2.6230 |
|
δ Zt-5 |
0.2566 |
0.1577 |
1.6276 |
|
cat-1 |
-0.0434 |
0.1830 |
-0.2373 |
|
cat-2 |
-0.4479 |
0.2272 |
-1.9709 |
|
cat-3 |
0.4899 |
0.2425 |
2.0202 |
|
cat-4 |
-0.4388 |
0.2549 |
-1.7219 |
|
cat-5 |
0.2158 |
0.2075 |
1.0401 |
|
F-Statistic for ca = 2.443 |
23
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