Appendix B: Time-series analyses

Note that for each table in this part, standard errors are in parenthesis, probability is in brackets, and significance is denoted by *** at 1%, ** at 5%, and * at 10% level. Unless indicated otherwise, Profit1 and Profit2 refer to profit rates of PWT and EPWT, respectively.

Table B.1 Results of ARDL bounds test: Argentina (with unemployment)

Profit1 1968–2014 ARDL (2, 0, 2, 0)

Profit2 1968–2011 ARDL (1, 0, 1, 0)

Profit3 1970–2011 ARDL (1, 2, 1, 2)

Short-Run Coefficients

Profit (−1)

1.031***

(0.154)

0.466***

(0.109)

0.767***

(0.165)

Profit (−2)

−0.255

(0.158)

Milex

−0.057*

(0.028)

0.356***

(0.124)

0.229

(0.140)

Milex (−1)

0.056

(0.153)

Get The Economics of Military Spending now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial