Model

Equation

Methods of Estimation

Dependent Variable

Constant

Independent Variables

Goodness of Fit

Diagnostic Tests F-Version

(a) model I

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

R²

[9]

F-Stat

[10]

DW

[11]

Schwarz Bayesian Criterion SBC

[12]

Serial Correction

[13]

Ramsey’s Reset Test

[14]

Hetero- scedasticity

[15]

Result for Economy

1.0

OLS

Y_r

a₁

L_r

B_r

B_r−1

1.7244

0.1007

−0.0011

0.0021

0.0104

F(3,21) 0.7335

1.7446

−52.5387

F(1,20) 0.2640

F(1,20) 2.2004

F(1,23) 0.0096

t-ratio

(1.7475)

(0.3541)

(−0.1099)

(0.2244)