TIME SERIES

LOG-LEVEL PRETEST (Output from TSW)

Gross Domestic Product (GDP)

SSlevels/(SSlog*Gmean(levels)^2) = 1.1380170 LOGS ARE SELECTED

Consumer Price Index (CPI)

SSlevels/(SSlog*Gmean(levels)^2) = 1.0781750 LOGS ARE SELECTED

Harmonised Index of Consumer Prices (HICP)

SSlevels/(SSlog*Gmean(levels)^2) = 1.0954455 LOGS ARE SELECTED

Industrial Production Index (IPI)

SSlevels/(SSlog*Gmean(levels)^2) = 1.0224433 LOGS ARE SELECTED

Unemployment - thousands

SSlevels/(SSlog*Gmean(levels)^2) = 0.87725642 LEVELS ARE SELECTED

Unemployment - percentage

SSlevels/(SSlog*Gmean(levels)^2) = 0.86356273 LEVELS ARE SELECTED

Retail sales

SSlevels/(SSlog*Gmean(levels)^2) = 1.2755206 LOGS ARE SELECTED

M1

SSlevels/(SSlog*Gmean(levels)^2) = 0.98393639 LOGS ARE SELECTED

M2

SSlevels/(SSlog*Gmean(levels)^2) = 1.0714007 LOGS ARE SELECTED

M3

SSlevels/(SSlog*Gmean(levels)^2) = 1.0422806 LOGS ARE SELECTED

Balance of payments (BOP) - Transport - Payments

SSlevels/(SSlog*Gmean(levels)^2) = 1.0351033 LOGS ARE SELECTED

Balance of payments (BOP) - Transport - Receipts

SSlevels/(SSlog*Gmean(levels)^2) = 1.1641507 LOGS ARE SELECTED

Balance of payments (BOP) - Travelling - Payments

SSlevels/(SSlog*Gmean(levels)^2) = 1.1509645 LOGS ARE SELECTED

Balance of payments (BOP) – Travelling – Receipts

SSlevels/(SSlog*Gmean(levels)^2) = 4.3996100 LOGS ARE SELECTED

Balance of payments (BOP) - Sea transport - Payments

SSlevels/(SSlog*Gmean(levels)^2)= 0.98863656 LOGS ARE SELECTED

Balance of payments (BOP) - Sea transport - Receipts

SSlevels/(SSlog*Gmean(levels)^2) = 1.1948699 LOGS ARE SELECTED

Exports of Goods

SSlevels/(SSlog*Gmean(levels)^2) = 0.95751942 LOGS ARE SELECTED

Exports of Goods without fuels and ships

SSlevels/(SSlog*Gmean(levels)^2) = 0.96487436 LOGS ARE SELECTED

Imports of Goods

SSlevels/(SSlog*Gmean(levels)^2) = 1.1118244 LOGS ARE SELECTED

Imports of Goods without fuels and ships

SSlevels/(SSlog*Gmean(levels)^2) = 1.2957291 LOGS ARE SELECTED