Page 41 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.73, # 2, 2016, pp. 27-41

Table A2: ADF UNIT ROOT TEST FOR NEXP
ADF Test Statistic -4.590836 1% Critical Value* -3.8304
5% Critical Value -3.0294
10% Critical Value -2.6552
*MacKinnon critical values for rejection of hypothesis of a unit root.

Augmented Dickey-Fuller Test Equation
Dependent Variable: D(NEXP)
Method: Least Squares
Date: 01/28/16 Time: 17:37
Sample(adjusted): 1996 2014
Included observations: 19 after adjusting endpoints

Variable Coefficient Std. Error t-Statistic Prob.
NEXP(-1) -1.620711 0.353032 -4.590836 0.0003
D(NEXP(-1)) 0.348240 0.228434 1.524470 0.1469
C 3.828561 2.323205 1.647965 0.1189
R-squared 0.659446 Mean dependent var -0.470263
Adjusted R-squared 0.616877 S.D. dependent var 14.83798
S.E. of regression 9.184257 Akaike info criterion 7.416798
Sum squared resid 1349.609 Schwarz criterion 7.565920
Log likelihood -67.45958 F-statistic 15.49114
Durbin-Watson stat 1.903714 Prob(F-statistic) 0.000181

Table A3: ESTIMATE OF MODEL 6.3
Dependent Variable: D(GDP)
Method: Least Squares
Date: 01/28/16 Time: 17:48
Sample(adjusted): 1995 2014
Included observations: 20 after adjusting endpoints
Variable Coefficient Std. Error t-Statistic Prob.
C 1081.820 1161.583 0.931333 0.3655
DU 6268.951 1497.217 4.187070 0.0007
NEXP 21.95455 87.82611 0.249978 0.8058
DUNEXP 130.5042 232.5836 0.561107 0.5825
R-squared 0.547666 Mean dependent var 4559.851
Adjusted R-squared 0.462853 S.D. dependent var 4262.685
S.E. of regression 3124.135 Akaike info criterion 19.10856
Sum squared resid 1.56E+08 Schwarz criterion 19.30771
Log likelihood -187.0856 F-statistic 6.457357
Durbin-Watson stat 2.044595 Prob(F-statistic) 0.004521

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