Table V: VAR Estimates for dependent variable - cat
|
Variable |
Coefficient |
Standard error |
T-statistic |
|
δ Zt-1 |
-0.1523 |
0.2334 |
-0.6525 |
|
δ Zt-2 |
0.0301 |
0.2542 |
0.1184 |
|
δ Zt-3 |
-0.0231 |
0.2508 |
-0.0920 |
|
δ Zt-4 |
0.1633 |
0.2553 |
0.6396 |
|
δ Zt-5 |
0.2263 |
0.1765 |
1.2827 |
|
cat-1 |
0.7780 |
0.2048 |
3.7986 |
|
cat-2 |
-0.3181 |
0.2543 |
-1.2507 |
|
cat-3 |
0.1260 |
0.2714 |
0.4645 |
|
cat-4 |
0.3260 |
0.2852 |
1.1430 |
|
cat-5 |
-0.3679 |
0.2322 |
-1.5843 |
|
F-Statistic for ∆ z = 0.5792 |
Table VI: Γ coefficients
|
World rate of interest | |||
|
Coefficients |
At r = 3% |
At r = 6% |
At r = 2% |
|
δ Zt |
0.12570 |
0.14856 |
0.1166 |
|
δ Zt-1 |
-0.28255 |
-0.24566 |
-0.29682 |
|
δ Zt-2 |
-0.34635 |
-0.3139 |
-0.35877 |
|
δ Zt-3 |
-0.56315 |
-0.53404 |
-0.57442 |
|
δ Zt-4 |
-0.12544 |
-0.12134 |
-0.12717 |
|
cat |
0.42043 |
0.39709 |
0.4285 |
|
cat-1 |
0.06800 |
0.07503 |
0.06536 |
|
cat-2 |
-0.18781 |
-0.17552 |
-0.1927 |
|
cat-3 |
0.18190 |
0.18104 |
0.18223 |
|
cat-4 |
-0.33335 |
-0.31116 |
-0.34146 |
24
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