The present application concerns the relation between per capita consumption (LogConsumption), per capita income



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The first table refers to the regression equation (2) when the null hypothesis satisfies this equation but with. The second table refers to the case when the regression equation (2) includes an intercept but the null hypothesis is still . Finally, the third table refers to the case when the regression equation (2) includes a constant and a trend term , while the null hypothesis now includes a constant while


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