22.11.2012 Views

Interdisciplinary Journal of Contemporary Research in ... - Webs

Interdisciplinary Journal of Contemporary Research in ... - Webs

Interdisciplinary Journal of Contemporary Research in ... - Webs

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

ijcrb.webs.com<br />

INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

Table 5: Polynomial Distributed Lag Coefficients <strong>of</strong> Exchange Rates and Trends on<br />

Nigeria‟s Imports by Product Group (1986-2008)<br />

COPY RIGHT © 2011 Institute <strong>of</strong> <strong>Interdiscipl<strong>in</strong>ary</strong> Bus<strong>in</strong>ess <strong>Research</strong> 235<br />

JANUARY 2011<br />

VOL 2, NO 9<br />

Explanatory M<strong>in</strong>eral Fuel Animal and Vegetable Oil & Chemicals (CM)<br />

Variable (MF)<br />

Fat (AVOF)<br />

3.8899<br />

3.3623<br />

7.4191<br />

Intercept<br />

(5.7300)<br />

(5.8913)<br />

(14.3005)<br />

EXCRt<br />

0.0276**<br />

0.0208**<br />

0.0174**<br />

(4.2728)<br />

(3.0365)<br />

(4.6562)<br />

EXCRt-1<br />

-0.0080<br />

-0.0099<br />

-0.0129<br />

(-1.0908)<br />

(-1.1215)<br />

(-3.2603)<br />

EXCRt-2<br />

-0.0019<br />

0.1290<br />

0.2409<br />

(-0.2620)<br />

(0.0146)<br />

(0.0585)<br />

EXCRt-3<br />

-0.0045<br />

-0.0084<br />

-0.0071<br />

(-0.5957)<br />

(-0.9413)<br />

(-1.6835)<br />

EXCRt-4<br />

-0.0119)<br />

-0.0159<br />

-0.0080<br />

(-1.6402)<br />

(-2.0350)<br />

(-1.9189)<br />

Trend 0.3287**<br />

0.4529**<br />

0.3608**<br />

(3.0559)<br />

(5.0000)<br />

(4.4948)<br />

Log Likelihood<br />

-1.1775 -3.5702 8.8184<br />

R-Squared<br />

D.W. Statistic<br />

0.97971 0.97510 0.98966<br />

1.8608 1.7023 2.0229<br />

** Significant at one percent level; * Significant at five percent level; T-statistics <strong>of</strong> the<br />

coefficients are provided with<strong>in</strong> the parentheses.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!