Table 10
Predicted probability of exit: all plants

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Predicted probability of exit: all plants: Part 1
  1979 to 1984 1984 to 1990 1990 to 1996
  estimate standard error estimate standard error estimate standard error
Predicted exit rate for scenario  
 1: changes in tariffs = 0, changes in real exchange rates=0 29.6 * 0.006 24.0 * 0.013 22.4 * 0.017
 2: changes in tariffs =actual changes, changes in real exchange rates=0 34.6 * 0.002 31.2 * 0.011 37.5 * 0.013
 3: changes in tariffs = 0, changes in real exchange rates=actual changes 29.4 * 0.005 26.8 * 0.008 19.8 * 0.014
 4: changes in tariffs = actual changes, changes in real exchange rates=actual changes 34.4 * 0.002 34.3 * 0.002 34.2 * 0.002
Difference between scenarios  
 2 and 1 (predicted exit rate resulting from tariff changes) 5.0 * 0.005 7.2 * 0.008 15.1 * 0.015
 3 and 1 (predicted exit rate resulting from real-exchange-rate changes) -0.2 * 0.001 2.8 * 0.010 -2.5 * 0.010
Predicted probability of exit: all plants: Part 2
  1979 to 1984 1984 to 1990 1990 to 1996
  percent
Actual average changes in tariffs over the period -1.1 -2.0 -3.7
Actual average changes in real exchange rates over the period -0.9 9.4 -11.1
*
p<0.05
Note(s):
Predicted probability is evaluated at mean values of all variables. An alternative is to derive average predicted probabilities over all observations. The two methods yield very similar results.