Publications   Empirical StudiesKYN - SLAMA: MACROECONOMIC CONSUMPTION FUNCTION FOR CZECHOSLOVAKIA

Table 1

The Consumers’ Consumption  Function.     Eq. (24)

Estimated Parameters
(Standard Errors)

No.DataMethod

a0

a1

ARC

R2

DW

F

1. AOLSQ

1432.38
(951.37)

 .956 (.008).034
(.258)
.99911.808 16188.8
2QUCORC-2576.70
(495.35)
586.88
(236.38)
1327.80
(237.02)
2525.06
(242.76)
 .953
(.013)
 .278
(.162)
.99531.3971628.9
3QUCORC-2688.64
(659.07)

495.07
(204.94)

1239.01
(226.40)
2431.13
(214.60
.956
(.018)
.278
(.162)
.99551.7461650.1
4AQSA

721.80
(441.18)

.943
(.012)
-003
(.189)
.9944 2.004 6079.5

 

A

 annual data

 CORC Cothran-Orcutt iterative procedure
 QU

quarterly unadjusted data

 ARC autoregressive coefficients
QSA

quarterly seasonally adjusted data

 DWDurbin-Watson statistic
OLSQ

 ordinary least squares method

 

   

 

 

 

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