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APPENDIX
VAR MODEL
Seasonal Unit Root Test for GDP Method: Traditional HEGY Null Hypothesis: Unit root at specified frequency Periodicity (Seasons): 4 Non-Seasonal Deterministics: None Seasonal Deterministics: None Lag Selection: 4 (Automatic: AIC, maxlags=12) Sample Size: 44 | ||
Significance Level | ||
Test Stat. | 1% 5% | 10% |
Frequency 0 -3.526552 n=40 | -2.53 -1.88 | -1.59 |
n=60 | -2.57 -1.92 | -1.60 |
n=44* | -2.54 -1.89 | -1.59 |
Frequency 2PI/4 and 6PI/4 8.994004 n=40 | 30.65 7.98 | 3.66 |
n=60 | 30.93 7.99 | 3.73 |
n=44* | 30.71 7.98 | 3.67 |
Frequency PI -3.382790 n=40 | -2.53 -1.88 | -1.59 |
n=60 | -2.57 -1.92 | -1.60 |
n=44* | -2.54 -1.89 | -1.59 |
All seasonal frequencies 10.31861 n=40 | 21.15 5.75 | 2.91 |
n=60 | 21.27 5.75 | 2.98 |
n=44* | 21.17 5.75 | 2.93 |
All frequencies 10.53863 n=40 | 16.59 4.88 | 2.83 |
n=60 | 16.65 4.87 | 2.92 |
n=44* | 16.60 4.88 | 2.85 |
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