Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

lnHFE it = B0 + B1 lnGD it + B2 lnCSAVINGS it where HFE : Household Final Expenditure, GD : Government Debt, CSAVINGS : Household

lnHFEit = B0 + B1 lnGDit+ B2 lnCSAVINGSit where

HFE : Household Final Expenditure,

GD : Government Debt,

CSAVINGS : Household Savings

How to interpret the result below

image text in transcribed
Variable ADF-Fisher PP-Fisher Conclusion Level First Level First Difference Difference InHFE 1.60381 58.8231 4.27268 72.0308 1 (1) (0.8081) (0.0000)*#* (0.3704) (0.0000)** * InGD 20.2844 64.7807 50.9706 36.8414 1 (0)/1 (1) (0.0004)*#* (0.0000)#*# (0.0000)*#* (0.0000)* * * InCSavings 2.58434 68.3830 13.8640 76.5636 1 (0)/1 (1) (0.6296) (0.0000)** * (0.0077)* * (0.0000)** *

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Worldly Philosophers The Lives, Times And Ideas Of The Great Economic Thinkers

Authors: Robert L Heilbroner

7th Edition

068486214X, 9780684862149

More Books

Students also viewed these Economics questions