Publications   Empirical StudiesKYN - SLAMA: MACROECONOMIC CONSUMPTION FUNCTION FOR CZECHOSLOVAKIA

Table 8:

The Planners' Consumption Function

with Polynomially Distributed Lag

(4 - 5 years)

Eq. (26)

 

 

 

 

 

Estimated parameters

(standard errors)

 

 

 

 

 

 

 

 

Method

Zero

Restri-
ction

Length of
lag

Degree of Polynom.

a0

b0

b1

b2

b3

b4

Sum of

Lag

Coef

Mean

Lag

ARC

R2

DW

SER

F

18

 OLSQ

yes

 4

  2

7.822

(2.318)

.342

(.071)

.162

(.004)

.045

(.039)

-.009

(.038)

 

.539

(.014)

 .415

(.332)

.495

(.193)

.992

1.091

3.51

1193.47

19

 CORC

yes

4

   2

 6.695

(3.794)

.397

(.987)

.164

(.006)

.966

(.048)

.011

(.047)

 

.547  (.021)

.600

(.399)

.495

(.193)

.993

1.692

3.11

1387.94

20

 OLSQ

 yes

 4

 3

7.822

(2.379)

 .342

(.073)

 .162

(.004)

 .045

(.040)

 -.909

(.039)

 

.539 (.014)

.415

(.341)

.314

(.202)

.992

1.091

3.60

755.86

21

 CORC

yes 

 4

3

6.696

(2.953)

.520

(.120)

 -.130

(.136)

-.041

(.062)

  .200

(.097)

 

.550  (.017)

.708

(.347)

.314

(.202)

.994

1.808

2,86

1092.29

22

 OLSQ

yes 

5

2

6.880

(2.480)

 .290

(.056)

 .168

(.010)

  .078

(.019)

.020

(.030)

-.008

(.024)

.549   (.015)

.855

(.368)

.456

(.194)

.991

1.090

3.50

1001.31

23

 CORC

yes

 5

 2

7.092

(4.432)

 .273

(.075)

 .165

(.013)

 .083  (.027)

.029 

(.041)

.008

(.032)

.550 (.025)

.763 (.495)

.456

(.194)

.992

1.548

3.20

1176.21

 

 

 

 

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