Table 6.
Estimator | Estimation Methods |
|||||
---|---|---|---|---|---|---|
OLS | CORC | HILU | PW | LAD | ||
Estimate | 1.1464 | 1.9173 | 1.9189 | 1.3449 | 1.0711 | |
Std. Error | 1.0108 | 2.447 | 2.4494 | 1.2579 | 0.8036 | |
T-value | 1.134 | 0.7835 | 0.7834 | 1.069 | 1.333 | |
P-value | 0.2647 | 0.4389 | 0.439 | 0.2925 | 0.1915 | |
Estimate | -0.117 | -0.3897 | -0.3902 | -0.2352 | -0.0958 | |
Std. Error | 0.3407 | 0.7087 | 0.7093 | 0.43189 | 0.3297 | |
T-value | -0.3434 | -0.5499 | -0.5502 | -0.5446 | -0.2907 | |
P-value | 0.7334 | 0.5861 | 0.5859 | 0.5896 | 0.7731 | |
Estimate | 0.0308 | 0.0591 | 0.0592 | 0.0462 | 0.0252 | |
Std. Error | 0.034 | 0.0639 | 0.0639 | 0.0437 | 0.0384 | |
T-value | 0.9052 | 0.9258 | 0.926 | 1.058 | 0.6576 | |
P-value | 0.3717 | 0.3613 | 0.3612 | 0.2973 | 0.5152 | |
Estimate | -0.0009 | -0.002 | -0.002 | -0.0015 | -0.0005 | |
Std. Error | 0.0013 | 0.0022 | 0.0022 | 0.0016 | 0.0016 | |
T-value | -0.6694 | -0.8767 | -0.8770 | -0.9354 | -0.2741 | |
P-value | 0.5078 | 0.3870 | 0.3868 | 0.3562 | 0.7857 | |
Estimate | 2.7e-05 | 4.13e-05 | 4.13e-05 | 3.66e-05 | 2.007e-05 | |
Std. Error | 1.56e-05 | 2.63e-05 | 2.63e-05 | 2.03e-05 | 2.323e-05 | |
T-value | 1.717 | 1.569 | 1.569 | 1.801 | 0.8643 | |
P-value | 0.095* | 0.1262 | 0.1262 | 0.0805* | 0.3935 | |
0.347 | 0.347 | 0.3389 | ||||
Adj. R2 | 0.995342 | 0.995638 | 0.9956 | 0.995737 | 0.995047 | |
DW | Stat-value | 1.3563 | 1.7146 | 1.7151 | 1.7056 | 1.23802 |
P-value | 0.0021*** | |||||
SW | Stat-value | 0.9581 | 0.9576 | 0.9576 | 0.9571 | 0.918514 |
P-value | 0.15398 | 0.1585 | 0.1581 | 0.1428 | 0.0078*** |
Note: (i)*and *** imply significance at alpha = 0.1 and 0.01respectively.