System: SIMULTAN

Estimation Method: Two-Stage Least Squares

Date: 03/15/11 Time: 08:42
Sample: 1971 2008
Included observations: 38
Total system (balanced) observations 266
Coefficient Std. Error t-Statistic Prob.
C(1) -1.02721392271e+13 7.99544037136e+13 -0.128474965106 0.897877232779
C(2) 0.222491795081 0.487241509731 0.456635550621 0.648332699871
C(3) 0.658676496376 0.817641845509 0.805580707487 0.421256367526
C(4) -5.89369927152e+13 6.85206803332e+13 -0.860134377367 0.390545699755
C(5) 0.112980508128 0.0639860449501 1.76570544744 0.078675746827
C(6) -1.67809736698e+12 3.22162923267e+12 -0.520884697087 0.602911859256
C(7) 5.88744707612e+13 3.7553309539e+13 1.56775718262 0.118212839306
C(8) 0.320755845187 0.221989849332 1.44491221627 0.149744856438
C(9) 1.8464063098e+14 2.88862883256e+13 6.39198186001 8.0585457238e-
10
C(10) -0.0242609603449 0.0367432104551 -0.660284173441 0.509684281136
C(11) -1.83528121899e+14 7.83522972208e+13 -2.34234513102 0.0199546153855
C(12) 0.234512987613 0.12035995139 1.94843039486 0.0524913858605
C(13) 49634147262.9 17331710843.4 2.86377656029 0.0045445366118
9
C(14) 2.75184767951 3.26847832348 0.841935422899 0.400635252374
C(15) -10.2351142978 27.870879421 -0.367233273956 0.713758193801
C(16) -3.72650224478 15.5824323483 -0.239147660742 0.811188600693
C(17) -5.59086997533 12.0574928905 -0.463684285457 0.643280660647
C(18) 7.76081332929 18.0536909291 0.429874055104 0.667660533966
Determinant residual covariance 2.22089062148e+19
3
Equation: CONS=C(1)+C(2)*Y+C(3)*CONS(-1)
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared 0.996646298338 Mean dependent var 5.52184155118e+
14
Adjusted R-squared 0.996454658243 S.D. dependent var 3.31481398526e+
14
S.E. of regression 1.97373215015e+13 Sum squared resid 1.36346651018e+
28
Durbin-Watson stat 1.94844425962
Equation: I=C(4)+C(5)*Y+C(6)*IR
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared 0.854492574781 Mean dependent var 4.79573109872e+
13
Adjusted R-squared 0.846177864768 S.D. dependent var 6.17636509737e+
13
S.E. of regression 2.42238058982e+13 Sum squared resid 2.05377470268e+
28
Durbin-Watson stat 0.820999258643
Equation: G=C(7)+C(8)*(T)
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared 0.809407718985 Mean dependent var 8.72310914172e+
13
Adjusted R-squared 0.804113488956 S.D. dependent var 5.21114068729e+
13
S.E. of regression 2.30640230637e+13 Sum squared resid 1.91501697558e+
28
Durbin-Watson stat 0.0821021132934
Equation: T=C(9)+C(10)*Y
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared -0.410331931017 Mean dependent var 8.8405624033e+1
3
Adjusted R-squared -0.44950781799 S.D. dependent var 1.46164494755e+
14
S.E. of regression 1.75975484964e+14 Sum squared resid 1.1148253671e+3
0
Durbin-Watson stat 0.0301031891801
Equation: X=C(9)+C(10)*(ER)
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared -0.0363141727087 Mean dependent var 2.57183839314e+
14
Adjusted R-squared -0.0651006775061 S.D. dependent var 3.85788802324e+
14
S.E. of regression 3.98148375777e+14 Sum squared resid 5.70679664882e+
30
Durbin-Watson stat 0.0605630082465
Equation: M=C(11)+C(12)*Y+C(13)*(ER)
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared 0.795002058262 Mean dependent var 2.20442121281e+
14
Adjusted R-squared 0.783287890163 S.D. dependent var 3.38380850075e+
14
S.E. of regression 1.57524230676e+14 Sum squared resid 8.68485913755e+
29
Durbin-Watson stat 0.224559647944
Equation: Y=C(14)*CONS+C(15)*I+C(16)*G+C(17)*X+C(18)*M
Instruments: C CONS(-1) IR T ER
Observations: 38
R-squared 0.823583807639 Mean dependent var 9.76540016387e+
14
Adjusted R-squared 0.802200026746 S.D. dependent var 5.41949036667e+
14
S.E. of regression 2.41030256492e+14 Sum squared resid 1.91715428998e+
30
Durbin-Watson stat 1.45197349119