Table14-4 - TABLE 14-4 WAGES-PRODUCTIVITY REGRESSION...

TABLE 14-4
WAGES-PRODUCTIVITY REGRESSION: ORIGINAL AND TRANSFORMED DATA
Notes:
RWAGES=Real wages
RWAGES(-1)= Real wages lagged one period
RLAGY=0.8713 times RWAGES(-1)
YDIF=RWAGES-RLAGY
PRODUCT=Productivity
PRODUCT(-1)=productivity lagged one period
RLAGX=0.8713 times PRODUCT(-1)
XDIF=PRODUCT-RLAGX
RWAGES RWAGES(-1) RLAGY YDIF PRODUCT PRODUCT(-1) RLAGX XDIF
59.2000 NA NA NA 48.6000 NA NA NA
60.7000 59.2000 51.58096 9.11904 49.5000 48.6000 42.34518 7.15482
62.5000 60.7000 52.88791 9.61209 51.3000 49.5000 43.12935 8.17065
64.6000 62.5000 54.45625 10.14375 53.6000 51.3000 44.69769 8.90231
66.1000 64.6000 56.28598 9.81402 55.7000 53.6000 46.70168 8.99832
67.7000 66.1000 57.59293 10.10707 57.6000 55.7000 48.53141 9.06859
69.1000 67.7000 58.98701 10.11299 59.7000 57.6000 50.18688 9.51312
71.7000 69.1000 60.20683 11.49317 62.1000 59.7000 52.01661 10.08339
73.6000 71.7000 62.47221 11.12779 63.5000 62.1000 54.10773 9.39227
76.0000 73.6000 64.12768 11.87232 65.5000 63.5000 55.32755 10.17245
77.2000 76.0000 66.21880 10.98120 65.8000 65.5000 57.07015 8.72985
78.6000 77.2000 67.26436 11.33564 67.1000 65.8000 57.33154 9.76846
80.1000 78.6000 68.48418 11.61582 70.0000 67.1000 58.46423 11.53577
82.3000 80.1000 69.79113 12.50887 72.2000 70.0000 60.99100 11.20900
84.1000 82.3000 71.70799 12.39201 74.5000 72.2000 62.90786 11.59214
83.1000 84.1000 73.27633 9.82367 73.2000 74.5000 64.91185 8.28815
83.9000 83.1000 72.40503 11.49497 75.8000 73.2000 63.77916 12.02084
86.2000 83.9000 73.10207 13.09793 78.4000 75.8000 66.04454 12.35546
87.4000 86.2000 75.10606 12.29394 79.7000 78.4000 68.30992 11.39008
88.9000 87.4000 76.15162 12.74838 80.6000 79.7000 69.44261 11.15739
89.1000 88.9000 77.45857 11.64143 80.5000 80.6000 70.22678 10.27322
88.9000 89.1000 77.63283 11.26717 80.3000 80.5000 70.13965 10.16035
89.0000 88.9000 77.45857 11.54143 81.9000 80.3000 69.96539 11.93461