Economic Analysis of the Edible Fats And Oils Economy

Cover Economic Analysis of the Edible Fats And Oils Economy
Economic Analysis of the Edible Fats And Oils Economy
Albert E Drake
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4 6 00 20 16 17 01 10 8 7 91 45 22 19 01 11 4 5 26 27 14 99 01 12 3 4 19 41 10 86 02 and next to the smallest eigen value in the solution of the separate equations. 1 The tests are distributed according to x 2 with K** GA + 2 degrees of freedom (K** is the number of excluded exogenous var- iables and GA is the number of included endogenous variables in the equation). A rejection of the hypothesis of nonidentincation does not necessarily mean that the equation is identified. The rejection does,
...however, lead one to conclude that the equation is identified. The test results are given in Table 5.
The two tests differ considerably in their x 2 value and probability level. The nonidentifiability hypothesis is strongly rejected for every equation by the T (1 + 2 2) test while the T log (i 2 ) test does not reject any of the 12 equations at the 5-percent probability level. The tests are not conclusive and no conclusion can be drawn about the nonidentification of most of the equations.
The power of the test is, however, rather weak.


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