Skip to main content

Advertisement

Table 4 Results of the linear VECM

From: Rubber world price transmission to Ivorian producer prices: an analysis in the presence of structural breaks

  ECT \(\Delta P^{d}_{-1}\) \(\Delta P^{w}_{-1}\)
P d −0.196 (0.0743)** 0.031 (0.0611) 0.739 (0.0937)***
P w 0.169 (0.0983). 0.125 (0.0808) 0.365 (0.1239)**
Cointegrating relationship : Pd = 1.20 + 1.08*** Pw
LM test for autocorrelation   14.071  
p value   0.296  
Multivariate ARCH-LM test   9.548  
p value   0.388  
  1. “**” and “***” denote rejection of the null hypothesis respectively at 5% and 1% significance level