Variable | ARG | CHL | CHN | COL | EGY | IDS | IND | ISR | KOR | MEX | MLY | MOR | PER | PHL | SA | THL |
Gt−1 | 0.30*** | 0.56*** | 0.14 | −0.15 | 0.06 | 0.11 | 0.57*** | 0.39* | 0.27 | 0.15* | 0.91*** | −0.03 | 0.33* | 0.37 | 0.31 | 0.66*** |
−0.10 | −0.10 | −0.37 | −0.21 | −0.56 | −0.19 | −0.17 | −0.20 | −0.18 | −0.09 | −0.26 | −0.17 | −0.17 | −0.26 | −0.20 | −0.15 | |
Gt−2 | −0.06 | −0.02 | 0.05 | −0.09 | 0.13 | −0.17 | 0.32 | 0.06 | 0.14 | −0.07 | −0.15 | 0.06 | 0.20 | −0.12 | 0.27 | 0.68** |
−0.18 | −0.13 | −0.48 | −0.20 | −0.52 | −0.28 | −0.19 | −0.19 | −0.18 | −0.13 | −0.36 | −0.15 | −0.16 | −0.26 | −0.19 | −0.27 | |
y | 0.04 | 0.29 | 0.00 | 0.73*** | 0.03 | −0.11 | −0.11*** | 0.33 | 0.11 | 0.04** | 0.25 | −0.35 | 0.39 | 0.75** | 0.24 | 0.12 |
−0.04 | −0.25 | −0.02 | −0.20 | −0.80 | −0.22 | −0.03 | −0.25 | −0.06 | −0.02 | −0.29 | −0.67 | −0.31 | −0.30 | −0.16 | −0.10 | |
F | 0.32 | −0.09 | 1.90 | 0.39 | −0.14 | 3.16 | −1.63 | −0.04 | 0.67 | −0.26 | 0.74 | 1.44 | −1.59 | 2.40* | −0.36 | −1.97*** |
−0.51 | −0.31 | −1.33 | −0.49 | −1.06 | −2.64 | −1.09 | −0.26 | −5.46 | −0.61 | −0.78 | −0.94 | −1.25 | −1.38 | −0.45 | −0.63 | |
Ft−1 | −0.01 | 0.29 | −0.93 | 0.35 | 0.81 | −0.50 | 0.39 | −0.37 | 0.67 | 0.09 | −0.24 | 0.26 | 0.46 | −0.54 | 0.10 | 1.78** |
−0.38 | −0.24 | −1.49 | −0.39 | −1.27 | −0.93 | −0.99 | −0.24 | −4.98 | −0.58 | −0.89 | −0.65 | −0.71 | −0.63 | −0.27 | −0.70 | |
Ft−2 | −0.09 | 0.01 | −0.55 | 0.36 | −0.22 | 0.84 | −0.62** | −0.21 | −1.13 | 0.66* | 0.48 | 0.12 | −0.06 | −1.03 | 0.29 | 0.05 |
−0.34 | −0.22 | −0.96 | −0.34 | −0.76 | −0.93 | −0.87 | −0.21 | −2.13 | −0.38 | −0.68 | −0.60 | −0.58 | −0.75 | −0.27 | −0.49 | |
It−2 | 0.55 | 0.56** | 0.75 | −0.09 | 0.66* | 0.38 | 0.92 | 0.29 | 0.71* | 0.54* | 0.88** | 0.74* | 0.32 | 0.53 | 1.04** | 0.29 |
−0.51 | −0.24 | −0.49 | −0.29 | −0.38 | −0.41 | −0.35 | −0.27 | −0.37 | −0.29 | −0.34 | −0.39 | −0.24 | −0.33 | −0.39 | −0.38 | |
It−3 | −0.12 | −0.17 | −0.34 | −0.12 | −0.49 | −0.18 | 0.40 | −0.06 | 0.08 | −0.51* | −0.52 | −0.47 | −0.07 | 0.46 | −0.11 | −0.04 |
−0.60 | −0.28 | −0.64 | −0.32 | −0.53 | −0.61 | −0.43 | −0.31 | −0.56 | −0.29 | −0.44 | −0.62 | −0.27 | −0.43 | −0.66 | −0.45 | |
It−4 | −0.14 | 0.06 | 0.66 | −0.49* | 0.56 | 0.45 | −0.14 | −0.01 | −0.24 | 0.17 | 0.17 | 0.20 | −0.46* | −0.41 | −0.15 | 0.25 |
−0.22 | −0.18 | −0.48 | −0.28 | −0.35 | −0.39 | −0.32 | −0.22 | −0.33 | −0.16 | −0.25 | −0.47 | −0.26 | −0.28 | −0.39 | −0.21 | |
R-squared | 0.70 | 0.85 | 0.71 | 0.69 | 0.49 | 0.64 | 0.92 | 0.68 | 0.72 | 0.62 | 0.84 | 0.61 | 0.52 | 0.58 | 0.87 | 0.92 |
Adj- R-squared | 0.56 | 0.78 | 0.55 | 0.52 | 0.24 | 0.46 | 0.88 | 0.52 | 0.59 | 0.44 | 0.77 | 0.42 | 0.30 | 0.37 | 0.81 | 0.89 |
S.E. of regression | 2.30 | 1.84 | 3.58 | 1.85 | 4.22 | 2.56 | 1.42 | 1.75 | 2.33 | 1.17 | 3.79 | 2.75 | 3.16 | 2.39 | 1.66 | 2.28 |
F-statistic | 5.10 | 11.85 | 4.63 | 4.31 | 2.02 | 4.26 | 24.11 | 4.20 | 5.42 | 3.36 | 11.02 | 3.71 | 3.36 | 3.86 | 14.11 | 26.26 |
Prob (F-statistic) | 0.00 | 0.00 | 0.00 | 0.01 | 0.10 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |