interpretation of column heads is listed in Example 18.6.

Source:These data from G. S. Maddala, Econometrics, McGraw-Hill, New York, 1977, p. 238. TABLE 20.6* OLS, REDUCED FORM AND 2SLS ESTIMATES OF KLEIN'S MODEL I


I = 10.125 + 0.479P + 0.333P_, - 0.112K-, (5.465) (0.097) (0.100) (0.026) W = 0.064 + 0.439X + 0.146X- + 0.130t (1.151) (0.032) (0.037) (0.031) Reduced-form:

P = 46.383 + 0.813P-1 - 0.213K- + 0.015X-(10.870) (0.444) (0.067) (0.252)

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Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

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