Table 6: Long-run estimates for price in four PICs.

CountryLM2LIRLERDiagnostic tests

Samoa0.438*** (17.869)−0.550*** (−4.404)−0.556*** (−4.531)JB = 9.808 [0.2787]; AR(1) = 8.336 [0.9382]; AR(2) = 10.771 [0.8233];
Solomon Islands0.299*** (5.182)−0.323*** (−3.579)−0.641*** (−5.382)JB = 7.519 [0.4818]; AR(1) = 11.390 [0.7848]; AR(2) = 12.970 [0.6749];
Tonga0.679*** (33.350)−0.346*** (4.546)−0.488*** (6.919)JB = 7.937 [0.4396]; AR(1) = 15.929 [0.4579]; AR(2) = 15.632 [0.4789];
Vanuatu0.527*** (15.429)−0.033 (−0.746)−0.237* (−1.98)JB = 12.088 [0.1473]; AR(1) = 12.314 [0.7221]; AR(2) = 13.986 [0.5997];

Notes: Refer to Table 5.