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BD first data ( x1 negative)

Dependent Variable: Y
Method: Least Squares
Date: 10/25/17 Time: 16:47
Sample: 1990 2016
Included observations: 27

Variable Coefficient Std. Error t-Statistic Prob.

C 20.68048 2.461251 8.402427 0.0000


X1 -0.816776 0.184462 -4.427884 0.0002
X2 0.807938 0.036433 22.17606 0.0000

R-squared 0.997526 Mean dependent var 25.10718


Adjusted R-squared 0.997320 S.D. dependent var 0.419915
S.E. of regression 0.021740 Akaike info criterion -4.714915
Sum squared resid 0.011343 Schwarz criterion -4.570933
Log likelihood 66.65135 Hannan-Quinn criter. -4.672101
F-statistic 4838.185 Durbin-Watson stat 0.692421
Prob(F-statistic) 0.000000

BD ar(1) command:

Dependent Variable: Y
Method: ARMA Maximum Likelihood (OPG - BHHH)
Date: 10/25/17 Time: 16:49
Sample: 1990 2016
Included observations: 27
Convergence achieved after 10 iterations
Coefficient covariance computed using outer product of gradients

Variable Coefficient Std. Error t-Statistic Prob.

C 4.132013 6.314323 0.654387 0.5196


X1 0.433481 0.433297 1.000426 0.3280
X2 0.561889 0.082558 6.806013 0.0000
AR(1) 0.939899 0.073672 12.75792 0.0000
SIGMASQ 0.000163 5.59E-05 2.907490 0.0082

R-squared 0.999043 Mean dependent var 25.10718


Adjusted R-squared 0.998869 S.D. dependent var 0.419915
S.E. of regression 0.014123 Akaike info criterion -5.436789
Sum squared resid 0.004388 Schwarz criterion -5.196819
Log likelihood 78.39665 Hannan-Quinn criter. -5.365433
F-statistic 5740.345 Durbin-Watson stat 1.267744
Prob(F-statistic) 0.000000

Inverted AR Roots .94


South Africa data

Dependent Variable: Y
Method: Least Squares
Date: 10/28/17 Time: 23:16
Sample: 1990 2016
Included observations: 27

Variable Coefficient Std. Error t-Statistic Prob.

C 9.934224 0.786625 12.62892 0.0000


X1 0.295136 0.083816 3.521213 0.0017
X2 0.470369 0.029855 15.75524 0.0000

R-squared 0.988717 Mean dependent var 26.42857


Adjusted R-squared 0.987777 S.D. dependent var 0.235619
S.E. of regression 0.026049 Akaike info criterion -4.353219
Sum squared resid 0.016285 Schwarz criterion -4.209237
Log likelihood 61.76846 Hannan-Quinn criter. -4.310406
F-statistic 1051.591 Durbin-Watson stat 0.672808
Prob(F-statistic) 0.000000

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