Table 5. Regression results by country: Explanatory variable is Median Equivalised Net Income (MENI) PPP-adjusted.
| b | SE | t | Sig. | ||
|---|---|---|---|---|---|
| Greece (N = 18) | (Constant) | 13.279 | 1.452 | 9.142 | .000 |
| D | -10.371 | 1.726 | -6.010 | .000 | |
| MENI | -.905 | .139 | -6.501 | .000 | |
| D. MENI | .951 | .166 | 5.729 | .000 | |
| R2 = 0.777 | F = 16.265 (p = 0.000) | D-W d = 2.373 dL = 0.933 dU = 1.696 | S-K = 0.244 (p = 0.006) | B-P-G = 0.378 (χ2 = 7.815) | |
| Spain (N = 18) | (Constant) | 6.985 | 1.369 | 5.102 | .000 |
| D | -3.993 | 4.489 | -.890 | .389 | |
| MENI | -.331 | .115 | -2.878 | .012 | |
| D. MENI | .314 | .311 | 1.010 | .329 | |
| R2 = 0.427 | F = 3.475 (p = 0.045) | D-W d = 2.042 dL = 0.933 dU = 1.696 | S-K = 0.214 (p = 0.029) | B-P-G = 2.790 (χ2 = 7.815) | |
| Italy (N = 18) | (Constant) | 5.209 | .361 | 14.441 | .000 |
| D | -5.057 | 1.189 | -4.253 | .001 | |
| MENI | -.164 | .027 | -6.013 | .000 | |
| D. MENI | .327 | .078 | 4.222 | .001 | |
| R2 = 0.875 | F = 32.711 (p = 0.000) | D-W d = 2.734 dL = 0.933 dU = 1.696 | S-K = 0.177 (p = 0.139) | B-P-G = 0.504 (χ2 = 7.815) | |
| Portugal (N = 18) | (Constant) | 6.084 | 1.527 | 3.984 | .001 |
| D | -1.429 | 2.428 | -.589 | .565 | |
| MENI | -.364 | .180 | -2.021 | .050 | |
| D. MENI | .147 | .261 | .564 | .581 | |
| R2 = 0.631 | F = 7.973 (p = 0.002) | D-W d = 1.975 dL = 0.933 dU = 1.696 | S-K = 0.106 (p = 0.200) | B-P-G = 2.880 (χ2 = 7.815) |
Note:
D-W d: Durbin-Watson d statistic for serial correlation (dL and dU are the Lower and Upper bounds respectively of the estimated d).
S-K: Smirnov-Kolmogorov test of normality and corresponding significance level (p).
B-P-G: Breusch-Pagan-Golfrey test III statistic for heteroscedasticity and corresponding chi-squared (χ2) value.