Table C1: Two-parameter Weibull Model Coefficients
From issuance to September 2014
Variable
$5
$10
$20
$50
λ
52.46***
51.31***
64.52***
219.60***
k
0.49†††
0.67†††
0.70††
0.74†††
Adjusted R2
0.988
0.995
0.982
0.999
Median life (years)
2.06
2.47
3.18
11.12
Notes: ***, ** and * indicate significance from zero at the 10, 5 and 1 per cent
level, respectively; †††, †† and †
indicate significance from one at the 10, 5 and 1 per cent level, respectively;
the model is estimated with Newy-West standard errors
Table C2: Two-parameter Weibull Model Coefficients with Explanatory Variables
From issuance to September 2014
Variable
$5
$10
$20
$50
λ
49.64***
52.49***
117.23***
237.59***
k
0.39†††
0.57†††
0.46†††
0.75†††
NNS transition
−1.66***
−0.45***
−0.57***
−0.03
Recoloured $5
−0.10*
Federation $5
−0.21***
Y2K
−0.06
−0.10*
GFC
0.02
0.09***
Distribution policy
−0.20***
−0.21***
Quality program
−0.02
0.07***
0.13***
Quality program 2
0.08***
1.04***
GDP growth
0.66***
0.68***
0.78**
1.29***
Adjusted R2
0.995
0.998
0.997
0.999
Median life (years)
1.50
2.18
4.10
11.37
Notes: ***, ** and * indicate significance from zero at the 10, 5 and 1 per cent
level, respectively; †††, †† and †
indicate significance from one at the 10, 5 and 1 per cent level, respectively;
the model is estimated with Newy-West standard errors
