Y = Egypt's Gross National Product (GNP)
S = Egypt's National Savings
Figures are in million Egyptian pounds at 1981/82 constant prices
Source: Data were obtained directly from Egypt's Ministry of Planning
in Cairo.
Based on the above figures, the following savings function was derived through regression analysis:
The regression equation statistics, based on 13 observations, with National Savings as the dependent variable, were:
Variable | Coefficient | Std. Error | t | 2-tail sig. |
Constant | -1313.1229 | 1211.3773 | -1.0839916 | 0.302 |
GNP | 0.1992359 | 0.0580589 | 3.4316136 | 0.006 |
R-squared = .517; R-squared (adj.) = .473; Durbin-Watson stat.
= 0.667; log likelihood = -106.63; F = 11.77597