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Empirical Studies

KYN - SLAMA: MACROECONOMIC CONSUMPTION FUNCTION FOR CZECHOSLOVAKIA

Table 4

 

  The Consuners' Consumption Function with Polynomially Distributed Lag

(Eq. 26)

 

 Reg.
No.

Data

Zero

Restri-
ction

Length 
of 
lag

Degree 
of 
Polynom.

Estimated parameters

(standard errors)

Sum of

Lag

Coef.

Mean

Lag

R2

DW

F

a0

b0

b1

b2

b3

b4

9

A

No

2

1

685.21

(1468.13)

.872

(.090)

.097

(.104)

.968

(.164)

.100

(.093)

.9991

1.792

6596.3

10

A

Yes

2

2

685.46

(1468.13)

.872

(.090)

.097

(.104)

.968

(.164)

.100

(.093)

.9991

1.792

6596.4

11

A

No

3

2

862.96

(1841.96)

.816

(.111)

.269

(.203)

-.122

(.125)

.963

(.020)

.025

(.130)

.9991

1.650

3524.0

12

A

Yes

3

3

933.23

(1842.24)

.847

(.069)

.199

(.032)

-.083

(.055)

.963

(.021)

.035

(.128)

.9990

1.677

3481.69

13

QSA

No

5

4

-43.35

(618.86)

.533

(.072)

.295

(.035)

.127

(.044)

.026

(.040)

-.006

(.078)

.975

(.021)

.619

(.328)

.9967

1.213

2065.42

14

QSA

Yes

5

4

-80.30

(592.01)

.544

(.075)

.278

(.050)

.166

(042)

.034

(.043)

.004

(.055)

.976

(.019)

.645

(.295)

.9968

1.230

2876.70

   

 

 

 

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