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La dette extérieure et la croissance économique: cas des pays de la CEMAC

( Télécharger le fichier original )
par Mahamat Ali MALLAH
Faculté des sciences juridiques, économiques et de gestion de Jendouba  - Master de recherche en économie : monnaie, finance et banque  2012
  

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Annexes

Mahamat Ali MALLAH 117

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 118

Annexe 1:

Modèle sans effets

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 06/10/12 Time: 12:32 Sample: 1970 2009

 

Included observations: 40 Cross-sections included: 6

Total pool (unbalanced) observations: 223

Prob.

t-Statistic Std. Error

Coefficient Variable

0.0000

12.13648 0.021499

0.260925 LPIBT?

0.0024

-3.068630 0.115307

-0.353836 LXCROISDEMO?

0.0000

6.493509 0.090590

0.588247 TXINV?

0.0075

2.698457 2.543363

6.863155 LOUVC?

0.9653

0.043572 0.004546

0.000198 INFL?

6.652661

Mean dependent var

0.446721 R-squared

1.160215

S.D. dependent var

0.436569 Adjusted R-squared

2.583544

Akaike info criterion

0.870881 S.E. of regression

2.659938

Schwarz criterion

165.3387 Sum squared resid

2.614384

Hannan-Quinn criter.

-283.0652 Log likelihood

0.134535 Durbin-Watson stat

Modèle à effets fixes

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 06/10/12 Time: 12:33 Sample: 1970 2009

 

Included observations: 40 Cross-sections included: 6 Total pool (unbalanced) observations: 223

 

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

-10.37749

1.616994

-16.78034

C

0.0000

14.51591

0.059290

0.860654

LPIBT?

0.0030

-3.004470

0.121011

-0.363574

LXCROISDEMO?

0.0203

2.341396

0.094676

0.221674

TXINV?

0.0000

9.451368

3.016119

28.50645

LOUVC?

0.4947

0.684223

0.005482

0.003751

INFL?

 
 
 
 

Fixed Effects (Period)

 
 
 

0.082125

1970--C

 
 
 

0.073565

1971--C

 
 
 

0.116093

1972--C

 
 
 

0.122713

1973--C

 
 
 

-0.044266

1974--C

 
 
 

0.090130

1975--C

 
 
 

0.106530

1976--C

 
 
 

0.016236

1977--C

 
 
 

0.076633

1978--C

 
 
 

0.098275

1979--C

 
 
 

-0.002238

1980--C

 
 
 

0.048041

1981--C

2011-2012

Mahamat Ali MALLAH 119

La dette extérieure et la croissance économique : cas des pays de la CEMAC

0.216027

1982--C

0.092110

1983--C

0.082775

1984--C

0.021130

1985--C

0.524043

1986--C

0.444511

1987--C

0.471692

1988--C

0.429004

1989--C

0.402984

1990--C

0.380102

1991--C

0.718729

1992--C

0.601479

1993--C

-0.316594

1994--C

-0.247678

1995--C

-0.368393

1996--C

-0.308282

1997--C

-0.377787

1998--C

-0.140572

1999--C

-0.341902

2000--C

-0.306634

2001--C

-0.339181

2002--C

-0.310051

2003--C

-0.250591

2004--C

-0.295939

2005--C

-0.333952

2006--C

-0.312888

2007--C

-0.396139

2008--C

-0.345955

2009--C

Effects Specification

 

Period fixed (dummy variables)

 

6.652661

Mean dependent var

0.685881 R-squared

1.160215

S.D. dependent var

0.608234 Adjusted R-squared

2.376198

Akaike info criterion

0.726193 S.E. of regression

3.063744

Schwarz criterion

93.86945 Sum squared resid

2.653755

Hannan-Quinn criter.

-219.9460 Log likelihood

0.223763

Durbin-Watson stat

8.833277 F-statistic

 
 

0.000000 Prob(F-statistic)

Modèle à effets aléatoire

Dependent Variable: LCROIS?

Method: Pooled EGLS (Period random effects) Date: 06/10/12 Time: 12:33 Sample: 1970 2009

Included observations: 40 Cross-sections included: 6

Total pool (unbalanced) observations: 223

Swamy and Arora estimator of component variances

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

-10.27113

1.489116

-15.29491

C

0.0000

14.50176

0.054280

0.787161

LPIBT?

0.3430

-0.950393

0.099411

-0.094479

LXCROISDEMO?

0.0554

1.926364

0.086016

0.165697

TXINV?

0.0000

9.181505

2.810411

25.80380

LOUVC?

2011-2012

La dette extérieure et la croissance économique : cas des pays de la CEMAC

Mean dependent var 0.632891 R-squared

S.D. dependent var 0.624433 Adjusted R-squared

Sum squared resid 0.711021 S.E. of regression

Durbin-Watson stat 74.82112 F-statistic

6.652661

1.160215

109.7046

0.182328

Mean dependent var 0.632891 R-squared

Durbin-Watson stat 109.7046 Sum squared resid

6.652661

0.182328

0.9811

-0.023728

0.003791

-8.99E-05 INFL?

 
 
 

Random Effects (Period)

 
 
 

0.000000 1970--C

 
 
 

0.000000 1971--C

 
 
 

0.000000 1972--C

 
 
 

0.000000 1973--C

 
 
 

0.000000 1974--C

 
 
 

0.000000 1975--C

 
 
 

0.000000 1976--C

 
 
 

0.000000 1977--C

 
 
 

0.000000 1978--C

 
 
 

0.000000 1979--C

 
 
 

0.000000 1980--C

 
 
 

0.000000 1981--C

 
 
 

0.000000 1982--C

 
 
 

0.000000 1983--C

 
 
 

0.000000 1984--C

 
 
 

0.000000 1985--C

 
 
 

0.000000 1986--C

 
 
 

0.000000 1987--C

 
 
 

0.000000 1988--C

 
 
 

0.000000 1989--C

 
 
 

0.000000 1990--C

 
 
 

0.000000 1991--C

 
 
 

0.000000 1992--C

 
 
 

0.000000 1993--C

 
 
 

0.000000 1994--C

 
 
 

0.000000 1995--C

 
 
 

0.000000 1996--C

 
 
 

0.000000 1997--C

 
 
 

0.000000 1998--C

 
 
 

0.000000 1999--C

 
 
 

0.000000 2000--C

 
 
 

0.000000 2001--C

 
 
 

0.000000 2002--C

 
 
 

0.000000 2003--C

 
 
 

0.000000 2004--C

 
 
 

0.000000 2005--C

 
 
 

0.000000 2006--C

 
 
 

0.000000 2007--C

 
 
 

0.000000 2008--C

 
 
 

0.000000 2009--C

Effects Specification

Rho S.D.

0.0000 0.000000 Period random

1.0000 0.726193 Idiosyncratic random

Weighted Statistics

0.000000 Prob(F-statistic)

Unweighted Statistics

Mahamat Ali MALLAH 111

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 111

Annexe 2:

Modèle sans effets

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 06/09/12 Time: 23:08 Sample: 1970 2009

 

Included observations: 40 Cross-sections included: 6

Total pool (unbalanced) observations: 217

Prob.

t-Statistic Std. Error

Coefficient Variable

0.0000

23.47736 0.024387

0.572536 LPIBT?

0.6577

0.443786 0.091969

0.040815 LXCROISDEMO?

0.0000

6.047271 0.072603

0.439047 TXINV?

0.0000

7.563162 2.099000

15.87507 LOUVC?

0.0000

-15.68124 0.129957

-2.037881 LSERVDETEXTOT?

0.1930

-1.306005 0.003108

-0.004059 INFL?

6.659394

Mean dependent var

0.756138 R-squared

1.175388

S.D. dependent var

0.750359 Adjusted R-squared

1.800603

Akaike info criterion

0.587272 S.E. of regression

1.894056

Schwarz criterion

72.77142 Sum squared resid

1.838354

Hannan-Quinn criter.

-189.3654 Log likelihood

0.204868 Durbin-Watson stat

Modèle à effets fixes

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 06/09/12 Time: 23:09 Sample: 1970 2009

 

Included observations: 40 Cross-sections included: 6 Total pool (unbalanced) observations: 217

 

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

5.113264

2.556799

13.07359

C

0.0000

6.398729

0.058088

0.371689

LPIBT?

0.0472

-1.998831

0.096916

-0.193719

LXCROISDEMO?

0.0000

8.984251

0.083062

0.746253

TXINV?

0.0011

3.317305

2.670195

8.857852

LOUVC?

0.0000

-13.00275

0.275200

-3.578350

LSERVDETEXTOT?

0.1208

-1.559287

0.003982

-0.006210

INFL?

 
 
 
 

Fixed Effects (Period)

 
 
 

0.141872

1970--C

 
 
 

0.137034

1971--C

 
 
 

0.168721

1972--C

 
 
 

0.179161

1973--C

 
 
 

0.039590

1974--C

 
 
 

0.249325

1975--C

 
 
 

0.302595

1976--C

 
 
 

0.232885

1977--C

 
 
 

0.219916

1978--C

 
 
 

0.322383

1979--C

2011-2012

Mahamat Ali MALLAH 112

La dette extérieure et la croissance économique : cas des pays de la CEMAC

0.172246

1980--C

0.199937

1981--C

0.133051

1982--C

0.082583

1983--C

0.083321

1984--C

0.279066

1985--C

0.458012

1986--C

0.497949

1987--C

0.498017

1988--C

0.408817

1989--C

0.565465

1990--C

0.270667

1991--C

0.577314

1992--C

0.551008

1993--C

0.179547

1994--C

-0.188763

1995--C

-0.321903

1996--C

-0.257292

1997--C

-0.128023

1998--C

-0.185941

1999--C

-0.533460

2000--C

-0.501014

2001--C

-0.410083

2002--C

-0.368389

2003--C

-0.503826

2004--C

-0.638998

2005--C

-0.684142

2006--C

-0.635795

2007--C

-0.550421

2008--C

-0.436894

2009--C

Effects Specification

 

Period fixed (dummy variables)

 

6.659394

Mean dependent var

0.850120 R-squared

1.175388

S.D. dependent var

0.810678 Adjusted R-squared

1.682495

Akaike info criterion

0.511424 S.E. of regression

2.398971

Schwarz criterion

44.72589 Sum squared resid

1.971922

Hannan-Quinn criter.

-136.5508 Log likelihood

0.468375

Durbin-Watson stat

21.55368 F-statistic

 
 

0.000000 Prob(F-statistic)

Modèle à effets aléatoire

Dependent Variable: LCROIS?

Method: Pooled EGLS (Period random effects) Date: 06/09/12 Time: 23:09 Sample: 1970 2009

Included observations: 40 Cross-sections included: 6

Total pool (unbalanced) observations: 217

Swamy and Arora estimator of component variances

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

4.583154

2.455345

11.25322

C

0.0000

5.960318

0.056117

0.334474

LPIBT?

0.2092

1.259569

0.081207

0.102285

LXCROISDEMO?

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 113

0.0000

8.316131

0.077395

0.643626 TXINV?

0.0033

2.976910

2.564180

7.633334 LOUVC?

0.0000

-12.01827

0.257969

-3.100344 LSERVDETEXTOT?

0.0230

-2.289863

0.002750

-0.006298 INFL?

 
 
 

Random Effects (Period)

 
 
 

0.000000 1970--C

 
 
 

0.000000 1971--C

 
 
 

0.000000 1972--C

 
 
 

0.000000 1973--C

 
 
 

0.000000 1974--C

 
 
 

0.000000 1975--C

 
 
 

0.000000 1976--C

 
 
 

0.000000 1977--C

 
 
 

0.000000 1978--C

 
 
 

0.000000 1979--C

 
 
 

0.000000 1980--C

 
 
 

0.000000 1981--C

 
 
 

0.000000 1982--C

 
 
 

0.000000 1983--C

 
 
 

0.000000 1984--C

 
 
 

0.000000 1985--C

 
 
 

0.000000 1986--C

 
 
 

0.000000 1987--C

 
 
 

0.000000 1988--C

 
 
 

0.000000 1989--C

 
 
 

0.000000 1990--C

 
 
 

0.000000 1991--C

 
 
 

0.000000 1992--C

 
 
 

0.000000 1993--C

 
 
 

0.000000 1994--C

 
 
 

0.000000 1995--C

 
 
 

0.000000 1996--C

 
 
 

0.000000 1997--C

 
 
 

0.000000 1998--C

 
 
 

0.000000 1999--C

 
 
 

0.000000 2000--C

 
 
 

0.000000 2001--C

 
 
 

0.000000 2002--C

 
 
 

0.000000 2003--C

 
 
 

0.000000 2004--C

 
 
 

0.000000 2005--C

 
 
 

0.000000 2006--C

 
 
 

0.000000 2007--C

 
 
 

0.000000 2008--C

 
 
 

0.000000 2009--C

Effects Specification

Rho S.D.

0.0000 0.000000 Period random

1.0000 0.511424 Idiosyncratic random

Weighted Statistics

6.659394 Mean dependent var 0.774549 R-squared

1.175388 S.D. dependent var 0.768107 Adjusted R-squared

67.27738 Sum squared resid 0.566011 S.E. of regression

0.284675 Durbin-Watson stat 120.2442 F-statistic

0.000000 Prob(F-statistic)

Unweighted Statistics

2011-2012

La dette extérieure et la croissance économique : cas des pays de la CEMAC

Mahamat Ali MALLAH 114

6.659394

0.284675

Mean dependent var 0.774549 R-squared

Durbin-Watson stat 67.27738 Sum squared resid

Annexe 3:

Modèle sans effets

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:36 Sample (adjusted): 1977 2009

Included observations: 33 after adjustments Cross-sections included: 5

Total pool (unbalanced) observations: 133

Cross sections without valid observations dropped

Prob.

t-Statistic Std. Error

Coefficient Variable

0.0004

3.617147 0.032701

0.118284 LPIBT?

0.0630

-1.875855 0.145279

-0.272523 TXCROISDEMO?

0.0000

5.360898 0.174194

0.933837 LTXINV?

0.0079

2.700861 0.178648

0.482504 LOUVC?

0.1450

1.466514 0.007000

0.010265 SEVDET?

0.9962

-0.004715 0.005358

-2.53E-05 INFL?

6.788532

Mean dependent var

0.548561 R-squared

1.100732

S.D. dependent var

0.530788 Adjusted R-squared

2.317191

Akaike info criterion

0.753991 S.E. of regression

2.447583

Schwarz criterion

72.19982 Sum squared resid

2.370177

Hannan-Quinn criter.

-148.0932 Log likelihood

0.104657 Durbin-Watson stat

Modèle à effets fixe

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:36 Sample (adjusted): 1977 2009

Included observations: 33 after adjustments Cross-sections included: 5

Total pool (unbalanced) observations: 133

Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

-5.451871

2.947061

-16.06699

C

0.0000

6.334402

0.128906

0.816544

LPIBT?

0.0028

-3.070250

0.198503

-0.609455

TXCROISDEMO?

0.2983

1.045778

0.243934

0.255101

LTXINV?

0.0000

5.744841

0.248998

1.430455

LOUVC?

0.1755

-1.365115

0.008383

-0.011443

SEVDET?

0.7204

-0.358995

0.008659

-0.003109

INFL?

 
 
 
 

Fixed Effects (Period)

 
 
 

-0.152638

1977--C

 
 
 

0.148146

1978--C

 
 
 

0.426673

1979--C

2011-2012

Mahamat Ali MALLAH 115

La dette extérieure et la croissance économique : cas des pays de la CEMAC

0.331229

1980--C

0.298889

1981--C

0.504224

1982--C

0.322528

1983--C

0.331222

1984--C

0.268026

1985--C

0.398421

1986--C

0.526118

1987--C

0.670465

1988--C

0.520137

1989--C

0.537185

1990--C

0.582266

1991--C

0.537305

1992--C

0.419000

1993--C

0.160329

1994--C

-0.178765

1995--C

-0.273947

1996--C

-0.468534

1997--C

-0.647064

1998--C

-0.478348

1999--C

-0.504593

2000--C

-0.630419

2001--C

-0.550456

2002--C

-0.755259

2003--C

-0.771933

2004--C

-0.873815

2005--C

-1.043861

2006--C

-1.038502

2007--C

-0.984387

2008--C

-1.148740

2009--C

Effects Specification

 

Period fixed (dummy variables)

 

6.788532

Mean dependent var

0.697101 R-squared

1.100732

S.D. dependent var

0.574652 Adjusted R-squared

2.414392

Akaike info criterion

0.717883 S.E. of regression

3.261938

Schwarz criterion

48.44348 Sum squared resid

2.758802

Hannan-Quinn criter.

-121.5571 Log likelihood

0.104480

Durbin-Watson stat

5.693008 F-statistic

 
 

0.000000 Prob(F-statistic)

Modèle à effets aléatoire

Dependent Variable: LCROIS? Method: Pooled EGLS (Period random effects) Date: 05/31/12 Time: 00:37 Sample (adjusted): 1977 2009 Included observations: 33 after adjustments Cross-sections included: 5

Total pool (unbalanced) observations: 133 Swamy and Arora estimator of component variances Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0001

-3.978108

2.294412

-9.127417

C

0.0000

4.991783

0.096417

0.481292

LPIBT?

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 116

0.8066

-0.245341

0.150468

-0.036916 TXCROISDEMO?

0.0543

1.942386

0.211609

0.411027 LTXINV?

0.0000

4.654010

0.212378

0.988409 LOUVC?

0.2682

1.112094

0.006702

0.007453 SEVDET?

0.9212

-0.099070

0.005103

-0.000506 INFL?

 
 
 

Random Effects (Period)

 
 
 

0.000000 1977--C

 
 
 

0.000000 1978--C

 
 
 

0.000000 1979--C

 
 
 

0.000000 1980--C

 
 
 

0.000000 1981--C

 
 
 

0.000000 1982--C

 
 
 

0.000000 1983--C

 
 
 

0.000000 1984--C

 
 
 

0.000000 1985--C

 
 
 

0.000000 1986--C

 
 
 

0.000000 1987--C

 
 
 

0.000000 1988--C

 
 
 

0.000000 1989--C

 
 
 

0.000000 1990--C

 
 
 

0.000000 1991--C

 
 
 

0.000000 1992--C

 
 
 

0.000000 1993--C

 
 
 

0.000000 1994--C

 
 
 

0.000000 1995--C

 
 
 

0.000000 1996--C

 
 
 

0.000000 1997--C

 
 
 

0.000000 1998--C

 
 
 

0.000000 1999--C

 
 
 

0.000000 2000--C

 
 
 

0.000000 2001--C

 
 
 

0.000000 2002--C

 
 
 

0.000000 2003--C

 
 
 

0.000000 2004--C

 
 
 

0.000000 2005--C

 
 
 

0.000000 2006--C

 
 
 

0.000000 2007--C

 
 
 

0.000000 2008--C

 
 
 

0.000000 2009--C

Effects Specification

Rho S.D.

0.0000 0.000000 Period random

1.0000 0.717883 Idiosyncratic random

Weighted Statistics

6.788532 Mean dependent var 0.599556 R-squared

1.100732 S.D. dependent var 0.580487 Adjusted R-squared

64.04413 Sum squared resid 0.712942 S.E. of regression

0.064820 Durbin-Watson stat 31.44176 F-statistic

0.000000 Prob(F-statistic)

Unweighted Statistics

6.788532 Mean dependent var 0.599556 R-squared

0.064820 Durbin-Watson stat 64.04413 Sum squared resid

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 117

Annexe 4 :

Modèle sans effets

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:42 Sample: 1970 2009

Included observations: 40 Cross-sections included: 5

Total pool (unbalanced) observations: 195 Cross sections without valid observations dropped

Prob.

t-Statistic Std. Error

Coefficient Variable

0.2218

1.225678 0.061261

0.075086 LPIBT?

0.0005

-3.558201 0.114153

-0.406178 TXCROISDEMO?

0.0000

6.939871 0.136884

0.949958 LTXINV?

0.0016

3.198708 0.153682

0.491582 LOUVC?

0.3378

0.961033 0.058384

0.056109 LDETEXTLT?

0.5742

0.562909 0.004592

0.002585 INFL?

6.587081

Mean dependent var

0.570133 R-squared

1.128903

S.D. dependent var

0.558761 Adjusted R-squared

2.292488

Akaike info criterion

0.749883 S.E. of regression

2.393196

Schwarz criterion

106.2795 Sum squared resid

2.333263

Hannan-Quinn criter.

-217.5176 Log likelihood

0.104132 Durbin-Watson stat

Modèle à effets fixes

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:42 Sample: 1970 2009

Included observations: 40 Cross-sections included: 5

Total pool (unbalanced) observations: 195 Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

-6.932137

1.568813

-10.87523

C

0.0000

6.749350

0.139268

0.939966

LPIBT?

0.0000

-6.073183

0.126126

-0.765989

TXCROISDEMO?

0.0016

3.215887

0.166149

0.534317

LTXINV?

0.0000

7.402398

0.162796

1.205078

LOUVC?

0.0073

-2.722539

0.132205

-0.359933

LDETEXTLT?

0.7659

0.298309

0.005535

0.001651

INFL?

 
 
 
 

Fixed Effects (Period)

 
 
 

-0.812527

1970--C

 
 
 

-0.717358

1971--C

 
 
 

-0.630740

1972--C

 
 
 

-0.490984

1973--C

 
 
 

-0.547021

1974--C

 
 
 

-0.344189

1975--C

 
 
 

-0.234283

1976--C

 
 
 

-0.244772

1977--C

Coefficient Variable

Prob. t-Statistic Std. Error

La dette extérieure et la croissance économique : cas des pays de la CEMAC

-0.094764

1978--C

0.266456

1979--C

0.251232

1980--C

0.147117

1981--C

0.368627

1982--C

0.219056

1983--C

0.151895

1984--C

0.069342

1985--C

0.359777

1986--C

0.572971

1987--C

0.720954

1988--C

0.699380

1989--C

0.767801

1990--C

0.853691

1991--C

0.851889

1992--C

0.722625

1993--C

0.267582

1994--C

0.222594

1995--C

0.295994

1996--C

0.040966

1997--C

-0.057285

1998--C

0.063997

1999--C

-0.102247

2000--C

-0.207159

2001--C

-0.331209

2002--C

-0.173428

2003--C

-0.166257

2004--C

-0.330227

2005--C

-0.517680

2006--C

-0.625977

2007--C

-0.633481

2008--C

-0.807617

2009--C

Effects Specification

 

Period fixed (dummy variables)

 

6.587081

Mean dependent var

0.752745 R-squared

1.128903

S.D. dependent var

0.678071 Adjusted R-squared

2.149688

Akaike info criterion

0.640526 S.E. of regression

2.921781

Schwarz criterion

61.13081 Sum squared resid

2.462299

Hannan-Quinn criter.

-163.5946 Log likelihood

0.126669

Durbin-Watson stat

10.08038 F-statistic

 
 

0.000000 Prob(F-statistic)

Modèle à effets aléatoire

Dependent Variable: LCROIS? Method: Pooled EGLS (Period random effects) Date: 05/31/12 Time: 00:42 Sample: 1970 2009

Included observations: 40 Cross-sections included: 5

Total pool (unbalanced) observations: 195 Swamy and Arora estimator of component variances Cross sections without valid observations dropped

Mahamat Ali MALLAH 118

2011-2012

2011-2012

La dette extérieure et la croissance économique : cas des pays de la CEMAC

Rho

S.D.

Period random

0.0000

1.0000

0.640526 Idiosyncratic random

0.000000

6.587081

0.666664 R-squared

Mean dependent var

S.D. dependent var

Sum squared resid

Durbin-Watson stat

0.656026 Adjusted R-squared

0.662094 S.E. of regression

62.66600 F-statistic

1.128903

82.41326

0.083425

0.0000

-7.627017

1.459487

-11.13153 C

0.0000

7.229826

0.098820

0.714455 LPIBT?

0.0098

-2.609992

0.099386

-0.259398 TXCROISDEMO?

0.0169

2.410627

0.141563

0.341256 LTXINV?

0.0000

7.081106

0.152035

1.076578 LOUVC?

0.0268

-2.232556

0.055126

-0.123073 LDETEXTLT?

0.6773

0.416792

0.003924

0.001636 INFL?

 
 
 

Random Effects (Period)

 
 
 

0.000000 1970--C

 
 
 

0.000000 1971--C

 
 
 

0.000000 1972--C

 
 
 

0.000000 1973--C

 
 
 

0.000000 1974--C

 
 
 

0.000000 1975--C

 
 
 

0.000000 1976--C

 
 
 

0.000000 1977--C

 
 
 

0.000000 1978--C

 
 
 

0.000000 1979--C

 
 
 

0.000000 1980--C

 
 
 

0.000000 1981--C

 
 
 

0.000000 1982--C

 
 
 

0.000000 1983--C

 
 
 

0.000000 1984--C

 
 
 

0.000000 1985--C

 
 
 

0.000000 1986--C

 
 
 

0.000000 1987--C

 
 
 

0.000000 1988--C

 
 
 

0.000000 1989--C

 
 
 

0.000000 1990--C

 
 
 

0.000000 1991--C

 
 
 

0.000000 1992--C

 
 
 

0.000000 1993--C

 
 
 

0.000000 1994--C

 
 
 

0.000000 1995--C

 
 
 

0.000000 1996--C

 
 
 

0.000000 1997--C

 
 
 

0.000000 1998--C

 
 
 

0.000000 1999--C

 
 
 

0.000000 2000--C

 
 
 

0.000000 2001--C

 
 
 

0.000000 2002--C

 
 
 

0.000000 2003--C

 
 
 

0.000000 2004--C

 
 
 

0.000000 2005--C

 
 
 

0.000000 2006--C

 
 
 

0.000000 2007--C

 
 
 

0.000000 2008--C

 
 
 

0.000000 2009--C

Effects Specification

Weighted Statistics

Mahamat Ali MALLAH 119

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 121

0.000000 Prob(F-statistic)

Unweighted Statistics

6.587081 Mean dependent var 0.666664 R-squared

0.083425 Durbin-Watson stat 82.41326 Sum squared resid

Annexe 5 :

Modèle sans effets

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:47 Sample: 1970 2009

Included observations: 40 Cross-sections included: 5

Total pool (unbalanced) observations: 195 Cross sections without valid observations dropped

Prob.

t-Statistic Std. Error

Coefficient Variable

0.0000

5.787920 0.024700

0.142959 LPIBT?

0.0003

-3.647341 0.106892

-0.389873 TXCROISDEMO?

0.0000

5.550713 0.132584

0.735937 LTXINV?

0.0000

4.613762 0.146089

0.674018 LOUVC?

0.0000

-5.245169 0.002977

-0.015613 CDEXDET?

0.4649

0.732326 0.004283

0.003136 INFL?

6.587081

Mean dependent var

0.622922 R-squared

1.128903

S.D. dependent var

0.612946 Adjusted R-squared

2.161465

Akaike info criterion

0.702332 S.E. of regression

2.262172

Schwarz criterion

93.22806 Sum squared resid

2.202240

Hannan-Quinn criter.

-204.7428 Log likelihood

0.105577 Durbin-Watson stat

Modèle à effets fixes

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:47 Sample: 1970 2009

Included observations: 40 Cross-sections included: 5

Total pool (unbalanced) observations: 195 Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

-5.471098

1.952621

-10.68298

C

0.0000

6.999747

0.086723

0.607039

LPIBT?

0.0000

-5.246614

0.129823

-0.681131

TXCROISDEMO?

0.0078

2.696664

0.168179

0.453522

LTXINV?

0.0000

6.709268

0.164201

1.101667

LOUVC?

0.8856

-0.144057

0.004249

-0.000612

CDEXDET?

0.7064

0.377438

0.005705

0.002153

INFL?

2011-2012

Mahamat Ali MALLAH 121

La dette extérieure et la croissance économique : cas des pays de la CEMAC

 

Fixed Effects (Period)

-0.027209

1970--C

-0.007007

1971--C

0.045666

1972--C

0.071222

1973--C

-0.033179

1974--C

0.063181

1975--C

0.123358

1976--C

0.020504

1977--C

0.089404

1978--C

0.367559

1979--C

0.295454

1980--C

0.240591

1981--C

0.431274

1982--C

0.312914

1983--C

0.274023

1984--C

0.158876

1985--C

0.345233

1986--C

0.414780

1987--C

0.537478

1988--C

0.495875

1989--C

0.496703

1990--C

0.565536

1991--C

0.549826

1992--C

0.407860

1993--C

-0.066995

1994--C

-0.103651

1995--C

-0.038492

1996--C

-0.228996

1997--C

-0.307487

1998--C

-0.197785

1999--C

-0.343188

2000--C

-0.390520

2001--C

-0.536487

2002--C

-0.418067

2003--C

-0.421046

2004--C

-0.513422

2005--C

-0.630278

2006--C

-0.687819

2007--C

-0.721586

2008--C

-0.747123

2009--C

Effects Specification

 

Period fixed (dummy variables)

 

6.587081

Mean dependent var

0.740481 R-squared

1.128903

S.D. dependent var

0.662103 Adjusted R-squared

2.198098

Akaike info criterion

0.656219 S.E. of regression

2.970190

Schwarz criterion

64.16291 Sum squared resid

2.510709

Hannan-Quinn criter.

-168.3145 Log likelihood

0.093978

Durbin-Watson stat

9.447546 F-statistic

 
 

0.000000 Prob(F-statistic)

Modèle à effets aléatoire

Dependent Variable: LCROIS? Method: Pooled EGLS (Period random effects) Date: 05/31/12 Time: 00:47

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Sample: 1970 2009

Included observations: 40 Cross-sections included: 5

Total pool (unbalanced) observations: 195

Swamy and Arora estimator of component variances Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient Variable

0.0000

-5.978772

1.397986

-8.358236 C

0.0000

7.839641

0.062676

0.491357 LPIBT?

0.0076

-2.696645

0.101727

-0.274321 TXCROISDEMO?

0.0073

2.713838

0.137868

0.374153 LTXINV?

0.0000

6.887745

0.148395

1.022106 LOUVC?

0.0001

-3.921759

0.002874

-0.011273 CDEXDET?

0.4208

0.806845

0.004001

0.003229 INFL?

 
 
 

Random Effects (Period)

 
 
 

0.000000 1970--C

 
 
 

0.000000 1971--C

 
 
 

0.000000 1972--C

 
 
 

0.000000 1973--C

 
 
 

0.000000 1974--C

 
 
 

0.000000 1975--C

 
 
 

0.000000 1976--C

 
 
 

0.000000 1977--C

 
 
 

0.000000 1978--C

 
 
 

0.000000 1979--C

 
 
 

0.000000 1980--C

 
 
 

0.000000 1981--C

 
 
 

0.000000 1982--C

 
 
 

0.000000 1983--C

 
 
 

0.000000 1984--C

 
 
 

0.000000 1985--C

 
 
 

0.000000 1986--C

 
 
 

0.000000 1987--C

 
 
 

0.000000 1988--C

 
 
 

0.000000 1989--C

 
 
 

0.000000 1990--C

 
 
 

0.000000 1991--C

 
 
 

0.000000 1992--C

 
 
 

0.000000 1993--C

 
 
 

0.000000 1994--C

 
 
 

0.000000 1995--C

 
 
 

0.000000 1996--C

 
 
 

0.000000 1997--C

 
 
 

0.000000 1998--C

 
 
 

0.000000 1999--C

 
 
 

0.000000 2000--C

 
 
 

0.000000 2001--C

 
 
 

0.000000 2002--C

 
 
 

0.000000 2003--C

 
 
 

0.000000 2004--C

 
 
 

0.000000 2005--C

 
 
 

0.000000 2006--C

 
 
 

0.000000 2007--C

 
 
 

0.000000 2008--C

 
 
 

0.000000 2009--C

Effects Specification

Rho S.D.

Mahamat Ali MALLAH 122

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 123

0.0000 0.000000 Period random

1.0000 0.656219 Idiosyncratic random

Weighted Statistics

6.587081 Mean dependent var 0.685181 R-squared

1.128903 S.D. dependent var 0.675134 Adjusted R-squared

77.83512 Sum squared resid 0.643441 S.E. of regression

0.095406 Durbin-Watson stat 68.19490 F-statistic

0.000000 Prob(F-statistic)

Unweighted Statistics

6.587081 Mean dependent var 0.685181 R-squared

0.095406 Durbin-Watson stat 77.83512 Sum squared resid

Annexe 6 :

Modèle sans effet

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:23 Sample (adjusted): 1977 2009

Included observations: 33 after adjustments

Cross-sections included: 5

Total pool (unbalanced) observations: 133

Cross sections without valid observations dropped

Prob.

t-Statistic Std. Error

Coefficient Variable

0.0000

7.163031 0.099417

0.712125 LPIBT?

0.3632

0.912575 0.124481

0.113598 TXCROISDEMO?

0.0734

1.805468 0.144922

0.261652 LTXINV?

0.0000

7.834990 0.147693

1.157173 LOUVC?

0.0000

-7.793012 0.212332

-1.654702 LSERVDETEXTOT?

0.2671

1.114865 0.005646

0.006294 SEVDET?

0.0004

-3.659842 0.086264

-0.315711 LDETEXTLT?

0.0000

-4.953317 0.003809

-0.018869 CDEXDET?

0.1917

-1.312676 0.004007

-0.005260 INFL?

6.788532

Mean dependent var

0.762416 R-squared

1.100732

S.D. dependent var

0.747088 Adjusted R-squared

1.720386

Akaike info criterion

0.553562 S.E. of regression

1.915974

Schwarz criterion

37.99748 Sum squared resid

1.799865

Hannan-Quinn criter.

-105.4057 Log likelihood

0.141038 Durbin-Watson stat

Modèle à effets fixes

Dependent Variable: LCROIS? Method: Pooled Least Squares Date: 05/31/12 Time: 00:24 Sample (adjusted): 1977 2009

Included observations: 33 after adjustments

Cross-sections included: 5

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 124

Total pool (unbalanced) observations: 133 Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient

Variable

0.0000

5.757454

4.105750

23.63867

C

0.0016

3.244647

0.168498

0.546716

LPIBT?

0.3962

-0.852407

0.142667

-0.121611

TXCROISDEMO?

0.0000

5.796750

0.156775

0.908783

LTXINV?

0.0118

2.570425

0.195740

0.503135

LOUVC?

0.0000

-10.01554

0.422447

-4.231036

LSERVDETEXTOT?

0.1134

1.598533

0.005633

0.009004

SEVDET?

0.0000

-4.976932

0.126946

-0.631801

LDETEXTLT?

0.0000

-4.678974

0.004435

-0.020753

CDEXDET?

0.0372

-2.114435

0.005380

-0.011376

INFL?

 
 
 
 

Fixed Effects (Period)

 
 
 

-0.996982

1977--C

 
 
 

-0.440683

1978--C

 
 
 

-0.061315

1979--C

 
 
 

-0.057100

1980--C

 
 
 

0.014828

1981--C

 
 
 

-0.014556

1982--C

 
 
 

-0.288263

1983--C

 
 
 

-0.396166

1984--C

 
 
 

-0.292926

1985--C

 
 
 

-0.035986

1986--C

 
 
 

0.167166

1987--C

 
 
 

0.341015

1988--C

 
 
 

0.362135

1989--C

 
 
 

0.462605

1990--C

 
 
 

0.459881

1991--C

 
 
 

0.537363

1992--C

 
 
 

0.579640

1993--C

 
 
 

0.643622

1994--C

 
 
 

0.112818

1995--C

 
 
 

-0.013837

1996--C

 
 
 

-0.108819

1997--C

 
 
 

0.223935

1998--C

 
 
 

0.087963

1999--C

 
 
 

-0.317125

2000--C

 
 
 

-0.293891

2001--C

 
 
 

-0.080871

2002--C

 
 
 

0.015833

2003--C

 
 
 

-0.163805

2004--C

 
 
 

-0.328848

2005--C

 
 
 

-0.349829

2006--C

 
 
 

-0.443176

2007--C

 
 
 

-0.430504

2008--C

 
 
 

0.045429

2009--C

Effects Specification

 

Period fixed (dummy variables)

 

6.788532

Mean dependent var

0.893047 R-squared

1.100732

S.D. dependent var

0.844859 Adjusted R-squared

1.418494

Akaike info criterion

0.433555 S.E. of regression

2.331236

Schwarz criterion

17.10528 Sum squared resid

1.789397

Hannan-Quinn criter.

-52.32985 Log likelihood

0.606156

Durbin-Watson stat

18.53271 F-statistic

 
 

0.000000 Prob(F-statistic)

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Modèle à effets aléatoire

Dependent Variable: LCROIS? Method: Pooled EGLS (Period random effects) Date: 05/31/12 Time: 00:24 Sample (adjusted): 1977 2009 Included observations: 33 after adjustments Cross-sections included: 5

Total pool (unbalanced) observations: 133 Swamy and Arora estimator of component variances Cross sections without valid observations dropped

Prob.

t-Statistic

Std. Error

Coefficient Variable

0.0000

8.227441

3.273769

26.93474 C

0.5805

0.554082

0.110980

0.061492 LPIBT?

0.0218

2.324212

0.098497

0.228928 TXCROISDEMO?

0.0000

6.509777

0.136877

0.891037 LTXINV?

0.1992

1.290900

0.163147

0.210607 LOUVC?

0.0000

-11.82172

0.370004

-4.374087 LSERVDETEXTOT?

0.0476

2.000809

0.004433

0.008869 SEVDET?

0.0007

-3.478001

0.068231

-0.237308 LDETEXTLT?

0.0000

-7.650176

0.003029

-0.023173 CDEXDET?

0.0004

-3.663101

0.003239

-0.011867 INFL?

 
 
 

Random Effects (Period)

 
 
 

0.000000 1977--C

 
 
 

0.000000 1978--C

 
 
 

0.000000 1979--C

 
 
 

0.000000 1980--C

 
 
 

0.000000 1981--C

 
 
 

0.000000 1982--C

 
 
 

0.000000 1983--C

 
 
 

0.000000 1984--C

 
 
 

0.000000 1985--C

 
 
 

0.000000 1986--C

 
 
 

0.000000 1987--C

 
 
 

0.000000 1988--C

 
 
 

0.000000 1989--C

 
 
 

0.000000 1990--C

 
 
 

0.000000 1991--C

 
 
 

0.000000 1992--C

 
 
 

0.000000 1993--C

 
 
 

0.000000 1994--C

 
 
 

0.000000 1995--C

 
 
 

0.000000 1996--C

 
 
 

0.000000 1997--C

 
 
 

0.000000 1998--C

 
 
 

0.000000 1999--C

 
 
 

0.000000 2000--C

 
 
 

0.000000 2001--C

 
 
 

0.000000 2002--C

 
 
 

0.000000 2003--C

 
 
 

0.000000 2004--C

 
 
 

0.000000 2005--C

 
 
 

0.000000 2006--C

 
 
 

0.000000 2007--C

 
 
 

0.000000 2008--C

 
 
 

0.000000 2009--C

Mahamat Ali MALLAH 125

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Effects Specification

Rho S.D.

0.0000 0.000000 Period random

1.0000 0.433555 Idiosyncratic random

Weighted Statistics

6.788532 Mean dependent var 0.841973 R-squared

1.100732 S.D. dependent var 0.830410 Adjusted R-squared

25.27363 Sum squared resid 0.453295 S.E. of regression

0.523440 Durbin-Watson stat 72.81664 F-statistic

0.000000 Prob(F-statistic)

Unweighted Statistics

6.788532 Mean dependent var 0.841973 R-squared

0.523440 Durbin-Watson stat 25.27363 Sum squared resid

Test de Hausman:

Correlated Random Effects - Hausman Test

Pool: Untitled

Test period random effects

Chi-Sq.

Prob. Chi-Sq. d.f. Statistic Test Summary

0.0001 9 34.363272 Period random

** WARNING: estimated period random effects variance is zero.

Prob.

Period random effects test comparisons:

Var(Diff.) Random Fixed

Variable

0.0001

0.016075

0.061492

0.546716

LPIBT?

0.0007

0.010652

0.228928

-0.121611

TXCROISDEMO?

0.8164

0.005843

0.891037

0.908783

LTXINV?

0.0068

0.011697

0.210607

0.503135

LOUVC?

0.4829

0.041558

-4.374087

-4.231036

LSERVDETEXTOT?

0.9690

0.000012

0.008869

0.009004

SEVDET?

0.0002

0.011460

-0.237308

-0.631801

LDETEXTLT?

0.4552

0.000010

-0.023173

-0.020753

CDEXDET?

0.9091

0.000018

-0.011867

-0.011376

INFL?

Period random effects test equation:

Dependent Variable: LCROIS? Method: Panel Least Squares Date: 05/31/12 Time: 00:25 Sample (adjusted): 1977 2009

Included observations: 33 after adjustments

Cross-sections included: 5

Total pool (unbalanced) observations: 133

Prob. t-Statistic Std. Error Coefficient Variable

C

0.0000 5.757454 4.105750 23.63867

Mahamat Ali MALLAH 126

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 127

0.0016 3.244647 0.168498

0.546716 LPIBT?

0.3962 -0.852407 0.142667 -0.121611 TXCROISDEMO?

0.0000 5.796750 0.156775

0.0118 2.570425 0.195740

0.908783 LTXINV?

0.503135 LOUVC?

0.0000 -10.01554 0.422447 -4.231036 LSERVDETEXTOT?

0.1134 1.598533 0.005633 0.009004 SEVDET?

0.0000 -4.976932 0.126946 -0.631801 LDETEXTLT? 0.0000 -4.678974 0.004435 -0.020753 CDEXDET?

0.0372 -2.114435 0.005380 -0.011376 INFL?

Effects Specification

Period fixed (dummy variables)

6.788532 Mean dependent var 0.893047 R-squared

1.100732 S.D. dependent var 0.844859 Adjusted R-squared

1.418494 Akaike info criterion 0.433555 S.E. of regression

2.331236 Schwarz criterion 17.10528 Sum squared resid

1.789397 Hannan-Quinn criter. -52.32985 Log likelihood

0.606156 Durbin-Watson stat 18.53271 F-statistic

0.000000 Prob(F-statistic)

La dette extérieure et la croissance économique : cas des pays de la CEMAC

2011-2012

Mahamat Ali MALLAH 128

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