The name is absent

Table 3: Three Stage Least Squares Estimates of t

ιe Effect of Export Tax Rebates

PCompetitor= MAMS

Pcompetitor = OMILDS

Explanatory

Variables_______

Estimated

______Coefficient

_______T-Statistic

Estimated

______Coefficient

_______T-Statistic

Equations 7.1 and 7.2 where dependent variable is PS_antos4______________________________

Constant_______

________-0.01

____________0.07

0.04

____________0.30

P Competitor__________

________0.92*

___________13.29

0.95*

____________8.88

Alpha_________

________0.42*

____________7.24

0.52*

____________6.71

Alpha1972-79

_______-0.50*

____________3.43

-0.09

____________0.41

D1977____________

_________1.31*

___________11.42

0.99*

____________4.95

D1979____________

_______-0.35*

____________4.34

-0.42*

____________3.24

Relative Supply

_______-0.45***

____________-1.93

-0.40

____________-1.09

Durbin-Watson

____________2.14

_____________1.96

Adjusted R²

____________0.99

____________0.99

Equations 8.1 and 8.2 where dependent variable is PC_ompetitor____________________________

Constant_______

________0.72*

____________6.58

0.56*

____________6.08

P Santos4_____________

________0.55*

____________6.98

0.59*

____________9.46

Alpha_________

________0.02

____________-0.19

-0.07

___________-0.76

A^lph^a1972-79

________0.31

_____________1.06

0.01

____________0.04

Relative Supply

-1.62*

____________-3.54

1.48*

____________4.03

Durbin-Watson

____________2.25

_____________1.91

Adjusted R²

____________0.83

____________0.87

Equations 9.1 and 9.2 where dependent variable is Alpha_______________________________

Constant_______

0.72**

____________2.03

0.61**

____________2.37

P Santos4_____________

0.59*

____________2.86

0.82*

____________5.12

P Competitor__________

-1.04**

____________-2.62

-1.31*

___________-4.77

D1965-71___________

0.04

____________0.20

0.23

_____________1.40

D1972-79__________

0.08

____________0.30

0.30

_____________1.36

DAVISOS_________

0.23

_____________1.49

0.12

____________0.97

AR(1)

0.83*

____________7.02

0.84*

____________7.62

Durbin-Watson

____________2.03

_____________1.83

Adjusted R²

____________0.35

____________0.56

Equations 10.1 and 10.2 where dependent variable is Relative Supply

Constant_______

0.33*

____________4.31

0.34*

____________4.97

P Santos4_____________

0.25*

____________2.87

0.33*

____________4.03

P Competitor__________

-0.45*

____________-3.93

-0.58*

___________-5.42

Durbin-Watson

____________2.36

____________2.08

Adjusted R²

____________0.13

____________-0.15

* ,**, and *** denotes significance at the 1%, 5% and 10% level, respectively.___________