Period

Data Period (I): 1988.1-2004.12

Data Period (II): 1992.1-2004.12

Data Period (III): 1996.1-2004.12

Criteria

Symmetric Models

Asymmetric Models

Symmetric Models

Asymmetric Models

Symmetric Models

Asymmetric Models

AIC

(1) (3, 3)

H₁: 13.08**

(2) (15, 15)

H₂: 11.56*

(1) (12, 24)

H₁: 4.54*

(2) (11, 11)

H₂: 8.22*

(1) (3, 3)

H₁: 10.44*

(2) (3, 3)

H₂: 9.13*

(1) (14, 23)

H₁: 3.76*

(2) (12, 12)

H₂: 4.44*

(1) (1, 1)

H₁: 12.47*

(2) (1, 1)

H₂: 0.35

(1) (12, 24)

H₁: 3.46*

(2) (1, 3)

H₂: 13.80*

BIC

(1) (1, 14)

H₁: 2.97*

(2) (2, 15)

H₂: 14.92*

(1) (1, 13)

H₁: 2.47

(2) (1, 15)

H₂: 13.29*

(1) (1, 13)

H₁: 2.71

(2) (1, 24)

H₂: 7.58*

FPE

(1) (24, 24)

H₁: 2.83*

(2) (24, 24)

H₂: 2.56*

(1) (22, 21 )

H₁: 2.97*

(2) (18, 24)

H₂: 3.02*

(1) (16, 13)

H₁: 2.19*

(2) (2, 24 )

H₂: 7.31*

SBC

(1) (3, 3)

H₁: 13.08**

(2) (15, 15)

H₂: 11.56*

(1) (1, 14)

H₁: 2.97*

(2) (2, 11)

H₂: 16.73*

(1) (3, 3)

H₁: 13.08**

(2) (3, 3)

H₂: 11.56*

(1) (1, 13)

H₁: 2.47*

(2) (1, 3)

H₂: 18.75*

(1) (1, 1)

H₁: 12.47*

(2) (1, 1)

H₂: 0.35

(1) (1, 13)

H₁: 2.71*

(2) (1, 3)

H₂: 13.80*

SIC

(1) (14, 24)

H₁: 4.16*

(2) (24, 24)

H₂: 2.56*

(1) (20, 24)

H₁: 2.43*

(2) (24, 24)

H₂: 2.13*

(1) (24, 23)

H₁: 2.32*

(2) (24, 23)

H₂: 2.08*

HJC

(1) (1, 14)

H₁: 2.97

(2) (2, 11)

H₂: 16.73*

(1) (1, 13)

H₁: 2.97*

(2) (1, 3)

H₂: 18.75*

(1) (1, 3)

H₁: 15.30*

(2) (1, 3)

H₂: 13.80*