Research Article
The Cyclical Behaviour of Real Wages: Evidence from Australia
Table 2
Correlation matrix of the cyclical components.
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| | 1.0000 | | | | | | (∞) | | | | | | 0.2850 | 1.0000 | | | | | (2.914) | (∞) | | | | | 0.1582 | 0.2070 | 1.0000 | | | | (2.569) | (2.073) | (∞) | | | | −0.0344 | −0.0835 | −0.2622 | 1.0000 | | | (−3.374) | (−8.209) | (−2.662) | (∞) | | | −0.0244 | −0.0826 | −0.2782 | 0.9805 | 1.0000 | | (−2.392) | (−8.119) | (−2.838) | (9.890) | (∞) |
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