& Smith (2001). The null hypothesis of the long run GVA coefficient test is that it is equal to zero. The Null of the heteroskedasticity and autocorrelation are the residuals are not heteroskedastic and not auto correlated. Ramsey RESET test assumes no miss-specification under the null. Source: Economics Long run coefficients Consumption Models for NEM region 1990-2007 GVA/FCE Weather Manufacturing -0.56 1.00 2007 [-.45] [1.00] [2012] Commercial and Services 2007 -0.42 1.00 0.08 [2011] [-0.47] [1.00] [0.06] Residential 2007 -0.15 0.69 [2012] [-0.07] [0.69] Note: Long run elasticity coefficients of different ADL models Source: Economics Consumption Models for Australia 1990-2012 Sector GVA/FCE Weather Manufacturing -.64 1.00 2007 NA [-.64] [1.00] [2012] Commercial and Services 2007 0.45 1.00 0.04 [2011] [-0.47] [1.00] [0.04] Residential 2007 -.14 0.63 NA [2012] [-0.07] [0.68] Note: Long run elasticity coefficients of different ADL models Source: Economics
& Smith (2001). The null hypothesis of the long run GVA coefficient test is that it is equal to zero. The Null of the heteroskedasticity and autocorrelation are the residuals are not heteroskedastic and not auto correlated. Ramsey RESET test assumes no miss-specification under the null. Source: Economics Long run coefficients Consumption Models for NEM region 1990-2007 GVA/FCE Weather Manufacturing 2007 [2012] -0.56 [-.45] 1.00 [1.00] Commercial and Services 2007 [2011] -0.42 [-0.47] 1.00 [1.00] 0.08 [0.06] Residential 2007 [2012] -0.15 [-0.07] 0.69 [0.69] Note: Long run elasticity coefficients of different ADL models Source: Economics Consumption Models for Australia 1990-2012 Sector GVA/FCE Weather Manufacturing 2007 [2012] -.64 [-.64] 1.00 [1.00] NA Commercial and Services 2007 [2011] 0.45 [-0.47] 1.00 [1.00] 0.04 [0.04] Residential 2007 [2012] -.14 [-0.07] 0.63 [0.68] NA Note: Long run elasticity coefficients of different ADL models Source: Economics
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