On the Relationship between Estimate and Its t Value

DOI: 10.4236/tel.2015.51001   PDF   HTML   XML   2,779 Downloads   3,183 Views  

Abstract

It is generally believed that the signs of the estimated coefficient and its t value should be the same. This paper, however, shows that there may be an inconsistency in the signs of the estimated coefficient and its t value when we use the group mean dynamic OLS estimator developed by Pedroni (2001).

Share and Cite:

Matsuoka, Y. and Hamori, S. (2015) On the Relationship between Estimate and Its t Value. Theoretical Economics Letters, 5, 1-3. doi: 10.4236/tel.2015.51001.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1] Stock, J.S. and Watson, M.W. (2011) Introduction to Econometrics. 3rd Edition, Addison-Wesley, Boston.
[2] Wooldridge, J.M. (2013) Introductory Econometrics: A Modern Approach. 5th Edition, South-Western Pub, Mason.
[3] Pedroni, P. (2001) Purchasing Power Parity Tests in Cointegrated Panels. Review of Economics and Statistics, 83, 727-731. http://dx.doi.org/10.1162/003465301753237803

  
comments powered by Disqus

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.