Publications   Empirical StudiesKYN - SLAMA: MACROECONOMIC CONSUMPTION FUNCTION FOR CZECHOSLOVAKIA

Table 2

 

The Consumers’ Consumption  Function.   

 

(Koyck Transformation) 

Eq. (25)

No.

Data

Method

Estimated Parameters

(standard errors)

ARC

R2

DW

F

a0

a1

l

1

A

OLSQ

724.42

(1533.00)

.892

(.077)

.077

(.094)

-.052

(.267)

.9991

l.9l65

6499.29

2

QU

OLSQ

-3323.48

(872.80)

512.58

(730.23)

1038.15

(514.91)

2287.09

(572.34)

.876

(.089)

.091

(.100)

.288

(.164)

.9952

1.396

1213.78

3

QU

CORC

-2999.82

(929.10)

700.95

(64046)

1239.16

(453.61)

2465.18

(494.97)

.896

(.077)

.065

(.087)

.288

(.164)

.9956

1.817

1217.4

4

QSA

OLSQ

-319.69

(403.24)

.571

(.074)

.423

(.083)

-.185

(1.102)

.9968

2.191

5042.1

 

A

 annual data CORC Cothran-Orcutt iterative procedure
 QUquarterly unadjusted data ARC autoregressive coefficients
QSAquarterly seasonally adjusted data DWDurbin-Watson statistic
OLSQ ordinary least squares method 

   

 

 

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