From: The distortion in the EU feed market due to import constraints on genetically modified soy
Dep. Var. (\(\Delta {y}_{t}\)) | \(\Delta {\mathit{ln}SoyNonGM}_{Swd,t}\) | \(\Delta {\mathit{ln}SoyNonGM}_{AT,t}\) | ||
---|---|---|---|---|
Sweden.Ref | Sweden.Alt | Austria.Ref | Austria.Alt | |
\({lnSoyNonGM}_{Brz,t-1}^{+}\) | 0.405** (0.181) | 0.457** (0.219) | 0.252* (0.150) | 0.095 (0.224) |
\({lnSoyNonGM}_{Brz,t-1}^{-}\) | 0.318* (0.191) | 0.389* (0.232) | 0.094 (0.240) | − 0.033 (0.209) |
\({\mathit{ln}SoyNonGM}_{Arg,t-1}\) | 0.375** (0.177) | 0.331* (0.197) | 0.536* (0.270) | 0.643*** (0.229) |
\({SD}_{1}\) | 0.044 (0.029) | 0.037 (0.030) | − 0.035 (0.031) | − 0.026 (0.027) |
\({SD}_{2}\) | 0.085** (0.035) | 0.094** ((0.043) | − 0.028 (0.029) | − 0.027 (0.026) |
\(DU\) | 0.443*** (0.151) | 0.448** ((0.179) | 0.073 (0.047) | 0.036 (0.038) |
\(DB\) | − 0.031 (0.036) | − 0.014 (0.041) | − 0.004* (0.002) | − 0.004* (0.002) |
\({\mathit{ln}Soy(GM)}_{t-1}\) | – | 0.016 (0.188) | – | − 0.242 (0.163) |
Constant | 0.945*** (0.339) | 0.983** (0.379) | 0.776* (0.442) | 0.590 (0.452) |
R-square | 0.793 | 0.802 | 0.7277 | 0.7278 |
Adj. R-square | 0.774 | 0.772 | 0.6913 | 0.6941 |
DW stat | 2.04 | 1.93 | 2.08 | 2.06 |
Bound test# | 7.31*** | 6.04*** | 4.43*** | 5.13*** |
Ramsey test | 1.23 | 2.16* | 1.69 | 1.73 |
Wald test (Short-run) | 5.73** | 4.71** | 0.12 | 0.30 |
Wald test (Long-run) | 4.42** | 2.22 | 3.08* | 2.16 |
CUSUM (CUSUMQ) | S (S) | S (S) | S (S) | S (N) |