TESTING INTERNATIONAL PRICE TRANSMISSION UNDER ...
TESTING INTERNATIONAL PRICE TRANSMISSION UNDER ...
TESTING INTERNATIONAL PRICE TRANSMISSION UNDER ...
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Variable<br />
swfr<br />
Table B.2 – Unit root tests, ADF statistics -18 (1978:12-1993:06)<br />
n° of lags<br />
logs (diff. logs)<br />
n 12(11)<br />
c 17(11)<br />
c+t 17(11)<br />
c+s 12(11)<br />
c+t+s 12(11)<br />
hrw<br />
n 1(0)<br />
c 11(0)<br />
c+t 11(0)<br />
c+s 4(0)<br />
c+t+s 4(0)<br />
Annexes<br />
Logs Differentiated logs<br />
0.668<br />
(0.860)<br />
-2.720<br />
(0.070)<br />
-2.882<br />
(0.168)<br />
-2.502<br />
(0.115)<br />
-2.566<br />
(0.296)<br />
-0.072<br />
(0.659)<br />
-2.328<br />
(0.163)<br />
-2.984<br />
(0.136)<br />
-2.319<br />
(0.166)<br />
-3.061<br />
(0.116)<br />
-3.679<br />
(0.0001)<br />
-3.737<br />
(0.003)<br />
-3.740<br />
(0.019)<br />
-3.025<br />
(0.032)<br />
-2.988<br />
(0.135)<br />
n= no constant; c= constant; c+ t=constant and trend; s= seasonal dummies included; p-values are based on<br />
MacKinnon (1996) and reported in parenthesis.<br />
-9.223<br />
(0)<br />
-9.196<br />
(0)<br />
-9.25<br />
(0)<br />
-8.957<br />
(0)<br />
-9.027<br />
(0)<br />
139
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