Headings
| NF | NF - denotes Newfoundland included, | 0 denotes Newfoundland excluded |
| GDP | GDP denotes GDP enters regression; | 0 denotes GDP not added to equation |
|
Note: GDP entered in level and interaction with province dummy | ||
| FE | 1 denotes one-way fixed effects, | 2 denotes two-way fixed effects |
| p-value | prob-value for 1-tailed t-statistic on SUM |
BOLD FACED results: Includes
NF; Includes GDP
| 0.48 | 0.266
(4.16) | -0.214
(2.92) | 0.052
(1.29) | 0.10 | |||
| 0.47 | 0.295
(4.84) | -0.242
(3.43) | 0.053
(1.35) | 0.09 | |||
| 0.50 | 0.213
(3.34) | -0.188
(2.59) | 0.025
(0.63) | 0.26 | |||
| 0.50 | 0.246
(4.05) | -0.219
(3.13) | 0.027
(0.68) | 0.25 | |||
| 0.44 | 0.265
(4.47) | -0.227
(3.34) | 0.038
(1.00) | 0.16 | |||
| 0.44 | 0.294
(5.22) | -0.254
(3.90) | 0.039
(1.05) | 0.15 | |||
| 0.47 | 0.212
(3.61) | -0.200
(2.98) | 0.011
(0.30) | 0.38 | |||
| 0.46 | 0.244
(4.38) | -0.231
(3.58) | 0.013
(0.35) | 0.36 |
Feldstein-Horioka Regressions:
1961-1993
| 0.69 | 0.722
(3.74) | -0.695
(3.46) | 0.027
(0.50) | 0.31 | ||
| 0.54 | 0.794
(4.49) | -0.863
(4.68) | -0.069
(1.31) | 0.10 | ||
| 0.79 | 0.722
(5.26) | -0.670
(4.69) | 0.053
(1.33) | 0.10 | ||
| 0.63 | 0.794
(5.84) | -0.821
(5.77) | -0.027
(0.64) | 0.26 |
1961-1971
| 0.69 | 0.670
(3.32) | -0.662
(3.12) | 0.008
(0.13) | 0.45 | ||
| 0.52 | 0.724
(3.60) | -0.836
(3.96) | -0.112
(1.75) | 0.05 | ||
| 0.81 | 0.670
(5.40) | -0.642
(4.92) | 0.028
(0.70) | 0.25 | ||
| 0.62 | 0.724
(5.12) | -0.792
(5.33) | -0.068
(1.48) | 0.08 |
1983-1993
| 0.57 | 0.616
(4.14) | -0.575
(3.45) | 0.041
(0.55) | 0.30 | ||
| 0.52 | 0.682
(5.00) | -0.693
(4.66) | -0.011
(0.18) | 0.43 | ||
| 0.66 | 0.616
(4.90) | -0.520
(3.66) | 0.096
(1.47) | 0.08 | ||
| 0.61 | 0.682
(5.81) | -0.635
(4.91) | 0.047
(0.88) | 0.19 |
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