TABLE 14-4
WAGES-PRODUCTIVITY REGRESSION,ORIGINAL AND TRANSFORMED DATA
(Rho=0.8713)
Notes,
RWAGES=Real wages
RWAGES(-1)= Real wages lagged one period
RLAGY=0.8713 times RWAGES(-1)
YDIF=RWAGES-RLAGY
PRODUCT=Productivity
PRODUCT(-1)=productivity lagged one period
RLAGX=0.8713 times PRODUCT(-1)
XDIF=PRODUCT-RLAGX
RWAGES RWAGES(-1) RLAGY YDIF PRODUCT PRODUCT(-1) RLAGX XDIF
59.20000 NA NA NA 48.60000 NA NA NA
60.70000 59.20000 51.58096 9.119040 49.50000 48.60000 42.34518 7.154820
62.50000 60.70000 52.88791 9.612090 51.30000 49.50000 43.12935 8.170650
64.60000 62.50000 54.45625 10.14375 53.60000 51.30000 44.69769 8.902310
66.10000 64.60000 56.28598 9.814020 55.70000 53.60000 46.70168 8.998320
67.70000 66.10000 57.59293 10.10707 57.60000 55.70000 48.53141 9.068590
69.10000 67.70000 58.98701 10.11299 59.70000 57.60000 50.18688 9.513120
71.70000 69.10000 60.20683 11.49317 62.10000 59.70000 52.01661 10.08339
73.60000 71.70000 62.47221 11.12779 63.50000 62.10000 54.10773 9.392270
76.00000 73.60000 64.12768 11.87232 65.50000 63.50000 55.32755 10.17245
77.20000 76.00000 66.21880 10.98120 65.80000 65.50000 57.07015 8.729850
78.60000 77.20000 67.26436 11.33564 67.10000 65.80000 57.33154 9.768460
80.10000 78.60000 68.48418 11.61582 70.00000 67.10000 58.46423 11.53577
82.30000 80.10000 69.79113 12.50887 72.20000 70.00000 60.99100 11.20900
84.10000 82.30000 71.70799 12.39201 74.50000 72.20000 62.90786 11.59214
83.10000 84.10000 73.27633 9.823670 73.20000 74.50000 64.91185 8.288150
83.90000 83.10000 72.40503 11.49497 75.80000 73.20000 63.77916 12.02084
86.20000 83.90000 73.10207 13.09793 78.40000 75.80000 66.04454 12.35546
87.40000 86.20000 75.10606 12.29394 79.70000 78.40000 68.30992 11.39008
88.90000 87.40000 76.15162 12.74838 80.60000 79.70000 69.44261 11.15739
89.10000 88.90000 77.45857 11.64143 80.50000 80.60000 70.22678 10.27322
88.90000 89.10000 77.63283 11.26717 80.30000 80.50000 70.13965 10.16035
89.00000 88.90000 77.45857 11.54143 81.90000 80.30000 69.96539 11.93461
90.50000 89.00000 77.54570 12.95430 81.60000 81.90000 71.35947 10.24053
90.40000 90.50000 78.85265 11.54735 84.50000 81.60000 71.09808 13.40192
90.70000 90.40000 78.76552 11.93448 86.80000 84.50000 73.62485 13.17515
92.10000 90.70000 79.02691 13.07309 88.50000 86.80000 75.62884 12.87116
95.20000 92.10000 80.24673 14.95327 91.20000 88.50000 77.11005 14.08995
95.60000 95.20000 82.94776 12.65224 91.60000 91.20000 79.46256 12.13744
97.00000 95.60000 83.29628 13.70372 93.00000 91.60000 79.81108 13.18892
95.50000 97.00000 84.51610 10.98390 93.90000 93.00000 81.03090 12.86910
96.30000 95.50000 83.20915 13.09085 95.30000 93.90000 81.81507 13.48493
97.40000 96.30000 83.90619 13.49381 96.40000 95.30000 83.03489 13.36511
100.0000 97.40000 84.86462 15.13538 100.0000 96.40000 83.99332 16.00668
99.90000 100.0000 87.13000 12.77000 100.5000 100.0000 87.13000 13.37000
99.70000 99.90000 87.04287 12.65713 101.7000 100.5000 87.56565 14.13435
99.40000 99.70000 86.86861 12.53139 102.3000 101.7000 88.61121 13.68879
99.80000 99.40000 86.60722 13.19278 105.1000 102.3000 89.13399 15.96601
100.7000 99.80000 86.95574 13.74426 107.4000 105.1000 91.57363 15.82637
104.8000 100.7000 87.73991 17.06009 110.2000 107.4000 93.57762 16.62238
107.2000 104.8000 91.31224 15.88776 113.0000 110.2000 96.01726 16.98274
111.0000 107.2000 93.40336 17.59664 116.5000 113.0000 98.45690 18.04310
112.1000 111.0000 96.71430 15.38570 118.8000 116.5000 101.5065 17.29355
113.5000 112.1000 97.67273 15.82727 125.1000 118.8000 103.5104 21.58956
WAGES-PRODUCTIVITY REGRESSION,ORIGINAL AND TRANSFORMED DATA
(Rho=0.8713)
Notes,
RWAGES=Real wages
RWAGES(-1)= Real wages lagged one period
RLAGY=0.8713 times RWAGES(-1)
YDIF=RWAGES-RLAGY
PRODUCT=Productivity
PRODUCT(-1)=productivity lagged one period
RLAGX=0.8713 times PRODUCT(-1)
XDIF=PRODUCT-RLAGX
RWAGES RWAGES(-1) RLAGY YDIF PRODUCT PRODUCT(-1) RLAGX XDIF
59.20000 NA NA NA 48.60000 NA NA NA
60.70000 59.20000 51.58096 9.119040 49.50000 48.60000 42.34518 7.154820
62.50000 60.70000 52.88791 9.612090 51.30000 49.50000 43.12935 8.170650
64.60000 62.50000 54.45625 10.14375 53.60000 51.30000 44.69769 8.902310
66.10000 64.60000 56.28598 9.814020 55.70000 53.60000 46.70168 8.998320
67.70000 66.10000 57.59293 10.10707 57.60000 55.70000 48.53141 9.068590
69.10000 67.70000 58.98701 10.11299 59.70000 57.60000 50.18688 9.513120
71.70000 69.10000 60.20683 11.49317 62.10000 59.70000 52.01661 10.08339
73.60000 71.70000 62.47221 11.12779 63.50000 62.10000 54.10773 9.392270
76.00000 73.60000 64.12768 11.87232 65.50000 63.50000 55.32755 10.17245
77.20000 76.00000 66.21880 10.98120 65.80000 65.50000 57.07015 8.729850
78.60000 77.20000 67.26436 11.33564 67.10000 65.80000 57.33154 9.768460
80.10000 78.60000 68.48418 11.61582 70.00000 67.10000 58.46423 11.53577
82.30000 80.10000 69.79113 12.50887 72.20000 70.00000 60.99100 11.20900
84.10000 82.30000 71.70799 12.39201 74.50000 72.20000 62.90786 11.59214
83.10000 84.10000 73.27633 9.823670 73.20000 74.50000 64.91185 8.288150
83.90000 83.10000 72.40503 11.49497 75.80000 73.20000 63.77916 12.02084
86.20000 83.90000 73.10207 13.09793 78.40000 75.80000 66.04454 12.35546
87.40000 86.20000 75.10606 12.29394 79.70000 78.40000 68.30992 11.39008
88.90000 87.40000 76.15162 12.74838 80.60000 79.70000 69.44261 11.15739
89.10000 88.90000 77.45857 11.64143 80.50000 80.60000 70.22678 10.27322
88.90000 89.10000 77.63283 11.26717 80.30000 80.50000 70.13965 10.16035
89.00000 88.90000 77.45857 11.54143 81.90000 80.30000 69.96539 11.93461
90.50000 89.00000 77.54570 12.95430 81.60000 81.90000 71.35947 10.24053
90.40000 90.50000 78.85265 11.54735 84.50000 81.60000 71.09808 13.40192
90.70000 90.40000 78.76552 11.93448 86.80000 84.50000 73.62485 13.17515
92.10000 90.70000 79.02691 13.07309 88.50000 86.80000 75.62884 12.87116
95.20000 92.10000 80.24673 14.95327 91.20000 88.50000 77.11005 14.08995
95.60000 95.20000 82.94776 12.65224 91.60000 91.20000 79.46256 12.13744
97.00000 95.60000 83.29628 13.70372 93.00000 91.60000 79.81108 13.18892
95.50000 97.00000 84.51610 10.98390 93.90000 93.00000 81.03090 12.86910
96.30000 95.50000 83.20915 13.09085 95.30000 93.90000 81.81507 13.48493
97.40000 96.30000 83.90619 13.49381 96.40000 95.30000 83.03489 13.36511
100.0000 97.40000 84.86462 15.13538 100.0000 96.40000 83.99332 16.00668
99.90000 100.0000 87.13000 12.77000 100.5000 100.0000 87.13000 13.37000
99.70000 99.90000 87.04287 12.65713 101.7000 100.5000 87.56565 14.13435
99.40000 99.70000 86.86861 12.53139 102.3000 101.7000 88.61121 13.68879
99.80000 99.40000 86.60722 13.19278 105.1000 102.3000 89.13399 15.96601
100.7000 99.80000 86.95574 13.74426 107.4000 105.1000 91.57363 15.82637
104.8000 100.7000 87.73991 17.06009 110.2000 107.4000 93.57762 16.62238
107.2000 104.8000 91.31224 15.88776 113.0000 110.2000 96.01726 16.98274
111.0000 107.2000 93.40336 17.59664 116.5000 113.0000 98.45690 18.04310
112.1000 111.0000 96.71430 15.38570 118.8000 116.5000 101.5065 17.29355
113.5000 112.1000 97.67273 15.82727 125.1000 118.8000 103.5104 21.58956
