{\rtf1\par

\qc
Model 1: OLS, using observations 1960-2011 (T = 52)\par
Dependent variable: mm3\par
\par
{\trowd \trqc \trgaph30\trleft-30\trrh262\cellx1900\cellx3300\cellx4700\cellx6100\
cellx7500\cellx8000
\intbl \qc {\i }\cell \qc {\i Coefficient}\cell \qc {\i Std. Error}\cell \qc {\i
t-ratio}\cell \qc {\i p-value}\cell \ql \cell \intbl \row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx1900\cellx3300\cellx4700\cellx6100\
cellx7500\cellx8000
\intbl\ql const\cell \qc 0.379827\cell \qc 0.0553647\cell \qc 6.860\cell \qc
<0.0001\cell \ql ***\cell \intbl \row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx1900\cellx3300\cellx4700\cellx6100\
cellx7500\cellx8000
\intbl\ql vm3\cell \qc 0.0417728\cell \qc 0.0131844\cell \qc 3.168\cell \qc 0.0026\
cell \ql ***\cell \intbl \row
}

\par
{\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql Mean dependent var\cell\qr 0.547118\cell \qc \cell\ql S.D. dependent
var\cell\qr 0.130295\cell\intbl\row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql Sum squared resid\cell\qr 0.721056\cell \qc \cell\ql S.E. of regression\
cell\qr 0.120088\cell\intbl\row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql R-squared\cell\qr 0.167200\cell \qc \cell\ql Adjusted R-squared\cell\qr
0.150544\cell\intbl\row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql F(1, 50)\cell\qr 10.03842\cell \qc \cell\ql P-value(F)\cell\qr
0.002615\cell\intbl\row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql Log-likelihood\cell\qr 37.45054\cell \qc \cell\ql Akaike criterion\cell\
qr \u8722?70.90108\cell\intbl\row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql Schwarz criterion\cell\qr \u8722?66.99859\cell \qc \cell\ql Hannan-Quinn\
cell\qr \u8722?69.40495\cell\intbl\row
\trowd \trqc \trgaph30\trleft-30\trrh262\cellx2500\cellx3800\cellx4200\cellx6700\
cellx8000
\intbl\ql rho\cell\qr 0.953385\cell \qc \cell\ql Durbin-Watson\cell\qr 0.108846\
cell\intbl\row
}