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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