Table 5 D-model’s estimated coefficients with their p values based on the latest available information set
|  | Εstimated coefficient | p value |  | Εstimated coefficient | p value |
|---|---|---|---|---|---|
Private consumption | |||||
 \({\beta }_{0}\) | 13,007.74 | 0.0000 | \({\theta }_{1}\) | 130.5150 | 0.0002 |
 \({\theta }_{2}\) | −55.78792 | 0.0020 | \({\theta }_{3}\) | 5.288621 | 0.0031 |
 \({\gamma }_{\mathrm{1,0}}\) | 102.7245 | 0.0000 | \({\gamma }_{\mathrm{2,0}}\) | 107.7899 | 0.0000 |
 \({\gamma }_{\mathrm{1,3}}\) | 1.126139 | 0.0000 | \({\gamma }_{\mathrm{2,3}}\) | 1.138982 | 0.0000 |
 \({\gamma }_{\mathrm{1,4}}\) | 0.909918 | 0.0000 | \({\gamma }_{\mathrm{2,4}}\) | 0.480416 | 0.0000 |
 \({\gamma }_{\mathrm{1,5}}\) | 0.217591 | 0.1828 | \({\gamma }_{\mathrm{2,5}}\) | 0.219026 | 0.0806 |
 \({\gamma }_{\mathrm{1,6}}\) | −2.763324 | 0.0000 | \({\gamma }_{\mathrm{2,6}}\) | −3.336665 | 0.0000 |
 \({\gamma }_{\mathrm{1,7}}\) | −0.816437 | 0.0045 | \({\gamma }_{\mathrm{2,7}}\) | −0.329955 | 0.1316 |
Government spending | |||||
 \({\beta }_{0}\) | −0.002027 | 0.6184 | \({\beta }_{1}\) | 0.021532 | 0.8335 |
Investment | |||||
 \({\beta }_{0}\) | −0.007570 | 0.3269 |  |  |  |
 \({\varphi }_{\mathrm{1,1}}\) | 5.256264 | 0.0008 | \({\varphi }_{\mathrm{2,1}}\) | −0.132306 | 0.0326 |
 \({\varphi }_{\mathrm{1,2}}\) | −4.307391 | 0.0022 | \({\varphi }_{\mathrm{2,2}}\) | 0.013762 | 0.2169 |
 \({\varphi }_{\mathrm{1,3}}\) | 0.727777 | 0.0051 | \({\varphi }_{\mathrm{2,3}}\) | −0.000349 | 0.0982 |
Exports of goods | |||||
 \({\beta }_{0}\) | 843.1290 | 0.0000 | \({\theta }_{1}\) | 1.276792 | 0.0000 |
 \({\theta }_{2}\) | −0.415189 | 0.0000 | \({\theta }_{3}\) | 0.033869 | 0.0004 |
 \({\gamma }_{0}\) | 0.003714 | 0.4766 | \({\gamma }_{1}\) | 0.131338 | 0.0115 |
Exports of services | |||||
 \({\beta }_{0}\) | −1550.526 | 0.0001 | \({\theta }_{1}\) | 2.480880 | 0.0000 |
 \({\theta }_{2}\) | −0.727720 | 0.0000 | \({\theta }_{3}\) | 0.048568 | 0.0000 |
 \({\gamma }_{0}\) | 0.001441 | 0.7002 | \({\gamma }_{1}\) | 0.069996 | 0.0596 |
Imports of goods | |||||
 \({\beta }_{0}\) | −7.22E−05 | 0.9852 | \({\theta }_{1}\) | −0.437440 | 0.0000 |
 \({\theta }_{2}\) | 0.726357 | 0.0000 | \({\theta }_{3}\) | −0.117135 | 0.0000 |
 \({\gamma }_{0}\) | 0.001164 | 0.6943 | \({\gamma }_{1}\) | −0.349545 | 0.0000 |
Imports of services | |||||
 \({\beta }_{0}\) | 0.002177 | 0.6584 | \({\theta }_{1}\) | −0.583303 | 0.0000 |
 \({\theta }_{2}\) | 1.047051 | 0.0000 | \({\theta }_{3}\) | −0.173271 | 0.0000 |
 \({\gamma }_{0}\) | 0.001775 | 0.5597 | \({\gamma }_{1}\) | −0.582359 | 0.0000 |
 \({\gamma }_{2}\) | −0.254289 | 0.0000 |  |  |  |
Changes in inventories | |||||
 \({\beta }_{0}\) | −0.002027 | 0.6184 | \({\beta }_{1}\) | 0.021532 | 0.8335 |