Japan (Private investment, 1975-1997. N = 47, T = 23, NT = 1081)

No. of Factors

Confidence interval

$\widehat{a}$

${\widehat{z}}_0$

Sample estimate

1

(1.4479014 × 10⁷, 5.1791835 × 10⁷)

0.004979

0.007520

2.6883599 × 10⁷

2

(6.134741 × 10⁶, 1.9737105 × 10⁷)

0.010534

0.009191

1.0616655 × 10⁷

3

(4.105439 × 10⁶, 1.4887290 × 10⁷)

0.010364

0.048480

7.393724 × 10⁶

4

(4.041002 × 10⁶, 1.4648437 × 10⁷)

0.011189

0.028412

7.363715 × 10⁶

5

(3.804580 × 10⁶, 1.3159584 × 10⁷)

0.005015

0.035936

6.848049 × 10⁶

6

(3.412609 × 10⁶, 1.0158325 × 10⁷)

0.026330

0.027576

5.556488 × 10⁶

7

(1.268276 × 10⁶, 3.958918 × 10⁶)

0.025302

0.035936

2.077083 × 10⁶

8

(2.627911 × 10⁵, 8.204337 × 10⁵)

−0.007188

0.005849

4.701394 × 10⁵

9

(2.461385 × 10⁵, 8.021312 × 10⁵)

−0.011698

−0.001671

4.400411 × 10⁵

10

(5.275496 × 10³, 1.733169 × 10⁴)

0.024269

0.037608

9.004016 × 10³

Indonesia (Aggregate investment, 1983-2012. N = 26, T = 30, NT = 780)

No. of Factors

Confidence interval

$\widehat{a}$

${\widehat{z}}_0$

Sample estimate

1

(3.616925 × 10⁶, 2.5156452 × 10⁷)

0.027015

0.0 10027

1.1170684 × 10⁷

2

(4.066725 × 10⁶, 2.4025970 × 10⁷)

0.036104

0.076108

1.0664150 × 10⁷

3

(1.234010 × 10⁶, 9.278018 × 10⁶)

0.0422737

−0.022562

3.976375 × 10⁶

4

(3.98564 × 10⁵, 4.153294 × 10⁶)

−0.007936

−0.021726

1.670666 × 10⁶

5

(3.432702 × 10⁵, 3.042497 × 10⁶)

0.020763

−0.006684

1.176738 × 10⁶

6

(1.089530 × 10⁴, 1.123953 × 10⁵)

−0.025876

0.004178

4.358044 × 10⁴

7

(1.083587 × 10⁴, 8. 107186 × 10⁴)

0.026007

0.019219

3.387749 × 10⁴

8

(0.978277 × 10⁴, 7.450008 × 10⁴)

0.025686

−0.005849

3.350314 × 10⁴

9

(2.498625 × 10², 2.614088 × 10⁴)

−0.065503

−0.021726

1.230301 × 10⁴

10

(2.040828 × 10², 4.1998890 × 10³)

−0.080965

−0.040953

1.562534 × 10²