TESTING INTERNATIONAL PRICE TRANSMISSION UNDER ...
TESTING INTERNATIONAL PRICE TRANSMISSION UNDER ...
TESTING INTERNATIONAL PRICE TRANSMISSION UNDER ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Annexes<br />
142<br />
Table B.7 – Unit root tests, KPSS statistics (1978:12-2003:12)<br />
Variable<br />
n°of lags<br />
logs (diff. logs)<br />
5% critical value Logs Differentiated logs<br />
swfr 24(23)<br />
c 0.463 1.003 0.129<br />
hrw 24(23)<br />
c 0.463 0.144 0.060<br />
c= constant<br />
Table B.8 – Unit root tests, KPSS statistics (1978:12-1993:06)<br />
Variable<br />
n°of lags<br />
logs (diff. logs)<br />
5% critical value Logs Differentiated logs<br />
swfr 24(23)<br />
c 0.463 0.132 0.184<br />
hrw 24(23)<br />
c 0.463 0.289 0.145<br />
c= constant<br />
Table B.9 – Unit root tests, KPSS statistics (1993:07-2003:12)<br />
Variable<br />
n°of lags<br />
logs (diff. logs)<br />
5% critical value Logs Differentiated logs<br />
swfr 24(23)<br />
c 0.463 0.408 0.351<br />
hrw 24(23)<br />
c<br />
c= constant<br />
0.463 0.105 0.102
Change language