Table 3

Wald test* results for the equation (2)

20072011
Commoditiesχ2 Statisticsχ2 Statistics
Food23.76†13.38†
Housing23.81†34.01†
Utilities4.8311.58†
Transportation16.97†29.86†
Entertainment13.03†27.37†
Durable and non-durable goods10.67†17.79†
Clothing18.50†15.06†
Health2.795.27
Education20.99†14.06†
Alcohol10.69†29.71†
Sample size85439918
  • *A parametric statistical test for the joint significance of parameters.

  • †These results are significant at the 5% level.