Phillips and Wage Curves: Empirical Evidence from Bosnia and Herzegovina

Table 3

Breusch-Pagan/Cook-Weisberg test for heteroskedasticity.

	Chi^2	Prob > chi^2	Critical level	Conclusion
	Linear Phillips curve
BiH	0.00	0.9964	10%	Linear variance
	Linear wage curve (nominal average net pay)
BiH	5.44	0.0197	1%	Linear variance
FBiH	0.37	0.5425	10%	Linear variance
RS	—	—	—	—
BD	2.31	0.1281	10%	Linear variance
	Linear wage curve (inflation adjusted average net pay)
BiH	0.13	0.7139	10%	Linear variance
FBiH	0.17	0.6823	10%	Linear variance
RS	—	—	—	—
BD	0.27	0.6041	10%	Linear variance