Consumer Behavior in Russia

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Appendix

Table 1- Regression Results

Regression (1)

	Coef.	t stat	Years	Coef.	t stat	Years	Coef.	t stat
GDP per capita	8.9E-4	24.230	1989	8.645	2.380	1999	5.738	1.610
Russia GDP per capita	1.8E-4	0.530	1990	10.727	3.130	2000	5.304	1.420
constant	44.407	15.230	1991	11.708	3.840	2001	7.017	1.990
			1992	9.842	2.870	2002	7.091	2.070
			1993	10.831	3.030	2003	7.609	2.240
			1994	8.554	2.630	2004	9.183	2.660
			1995	6.905	1.940	2005	8.603	2.460
			1996	5.803	1.520	2006	8.999	2.560
			1997	3.423	0.900	2007	8.088	2.230
			1998	7.022	1.990	2008	6.936	1.820
						2009	(dropped)
R-squared	0.7023

Regression (2)

Column1	Coef.	t stat	Year	Coef.	t stat	Year	Coef.	t stat
GDP per capita	8.8E-4	23.300	R1989	*		R1999	-12.628	-27.620
Russia GDP per capita	1.36E-3	10.800	R1990	3.247	34.130	R2000	-13.384	-33.740
constant	52.461	50.740	R1991	1.045	7.240	R2001	-12.790	-35.430
			R1992	-3.017	-11.000	R2002	-8.799	-27.070
			R1993	*		R2003	-6.200	-23.100
			R1994	-7.848	-18.360	R2004	-5.739	-27.440
			R1995	-15.189	-33.540	R2005	-2.947	-19.370
			R1996	*		R2006	-1.937	-23.590
			R1997	*		R2007	(dropped)
			R1998	-11.513	-23.330	R2008	*
						R2009	*
R-squared	0.6923

Please note * denotes that data was not available for the given year. Data for 2007 was dropped in order to avoid multicolinearity.

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