(20) 輸出サービス価格 (PXS)

$$ \begin{aligned}ln\left(P X S\right)&=-4.7628+0.5391ln\left(W/\left(G N P/\left(L E\cdot H\right)\right)\right)+0.6532ln\left(C U\right)+0.2169D P S1\\&\quad\left(3.32\right)\quad\left(11.29\right)\\&\quad+0.1122D P S2\\&\quad\left(5.60\right)\\&\quad\overline{R}^{2}=0.824\quad s=0.055\quad D.W.=1.71\\&\quad 期間 \quad1966:I-1977:IV\end{aligned} $$

(21) 消費者物価期待上昇率 ( $ GF(PC)^{e} $ )

\[\begin{array}{l} 消贅者 \ 物価期待上 昇率 \ (GF(PC)^{c})\\GF(PC)=\underset{(0.19)}{0.0166+\sum\limits_{i=2}^{4}a_{i}GF(PC)-i+\sum\limits_{i=1}^{4}b_{i}GF(M2)-i}\\\quad\overline{R}=0.730\quad s=0.006\quad D.W.=0.63\\ 期间 \quad1966:II-1978:I\\a_{i}\quad\cdots\cdots\cdots

$$ \begin{aligned}&(22)\quad 卸壳物 俪期待上 昇率 (GF(WPI)^{e})\\&\begin{aligned}\\ &GF(WPI)=-0.0977+\sum_{\substack{i=1\\}}^{3}a_{i}GF\left(WPI\right)-_{i}+\sum_{\substack{i=1\\}}^{4}b_{i}GF\left(M2\right)-_{i}\\&\quad\overline{R}^{*}=0.777\quad s=0.011\quad D.W.=0.69\\&\quad 期間 \quad1966:II-1978:I\\&a_{i}\cdots\cdots\cdots\cdots アーモン \quad ラグ :d=1,s.c=N,e.c=Y\\&b_{i}\cdots\cdots\cdots\cdots アーモン \quad ラグ :d=2,s.c=Y,e.c=Y\\&\quad\begin{array}{cccc}{{{1}}}&{{{2}}}&{{{3}}}&{{{4}}} \\{{{0.4270}}}&{{{0.2847}}}&{{{0.1423}}} \\{{{(11.82)}}}&{{{(11.82)}}}&{{{(11.82)}}} \\\end{array}\quad\begin{array}{c} 計 \\0.8540\\\end{array}\\&b_{i}\quad\begin{array}{cccc}{{{0.0467}}}&{{{0.0701}}}&{{{0.0701}}}&{{{0.0467}}} \\{{{(4.14)}}}&{{{(4.14)}}}&{{{(4.14)}}} \\\end{array}\quad\begin{array}{c}{{{0.2336}}} \\\end{array}\\ &\end{aligned}\\ \end{aligned} $$

\[\begin{aligned}&(23)\quad 現金給与指数 (1 人当り )(W)\\&\begin{array}{c}{{{GF(W)=-\underset{1.62}{\overset{9}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\overset{0}{\underset{1.62}{\cdot}{\underset{1.62}{\