Country

k

t-statistic

TB1

TB2

Austria

5

−4.907^b

1994

2000

Belgium

3

−4.797^b

1991

1996

Canada

0

−4.392^b

1991

1999

Chile

0

−1.968

1990

1996

Denmark

0

−4.232^c

1995

1999

Finland

2

−3.262

1990

1994

Greece

5

−2.833

1997

2003

Ireland

2

−2.296

1987

2002

South Korea

0

−1.859

1988

1996

Mexico

0

−2.662

1989

1996

Netherlands

4

−2.796

1997

2003

New Zealand

2

−3.819

1995

2002

Norway

3

−4.527^b

1993

1995

Portugal

0

−2.351

1990

1993

Switzerland

0

−1.500

1998

2000