RDP 2003-10: Productivity and Inflation Appendix C: Sample Estimation Results

Tim Bulman and John Simon

September 2003

Table C1: Sample Estimate Results
Coefficients for IPDs to labour productivity growth equation
Variable
 		 Mining
 		 Manufacturing
 		 Utilities
 		 Construction
 		 Wholesale & retail trade Transport, storage & communications
At−1 −0.47 −0.38 0.07 0.27 0.29 −0.18
  (0.00) (0.03) (0.66) (0.10) (0.07) (0.30)
At−2 −0.44 −0.07 −0.10 −0.21 −0.30 −0.39
  (0.00) (0.69) (0.55) (0.24) (0.03) (0.02)
Pt−1 −0.11 0.04 0.20 0.19 0.16 0.09
  (0.19) (0.71) (0.31) (0.06) (0.20) (0.42)
Pt−2 −0.21 0.02 −0.54 0.08 −0.43 −0.03
  (0.02) (0.87) (0.01) (0.43) (0.00) (0.81)
Yt 1.11 0.27 0.70 0.23 0.54 0.36
  (0.00) (0.02) (0.36) (0.05) (0.01) (0.12)
Const 11.99 3.30 7.09 −0.82 3.67 6.04
  (0.00) (0.00) (0.00) (0.41) (0.00) (0.00)
R2 0.45 0.08 0.20 0.26 0.46 0.21

Notes: Standard errors are reported in parantheses.
Dependent variable: At, where A is labour productivity growth.
Number of observations = 34; number of parameters = 5.