Robust tests for the macroeconomic level
| a) Developed economics | b) Emerging economics | ||
|---|---|---|---|
| Variables | Haz. ratio | Variables | Haz. ratio |
| TGDPG | 0.9647 | TGDPG | 1.0024 |
| (0.0191) | (0.0101) | ||
| GDPCG | 0.1114 | GDPCG | 15.3479 |
| (0.7559) | (59.9218) | ||
| GDPG | 1.00005 | GDPG | 0.9900 |
| (0.0001) | (0.0001) | ||
| GDPPG | 10.2871 | GDPPG | 0.0523 |
| (21.2181) | (0.1295) | ||
| INFG | 1.0001 | INFG | 0.9900 |
| (0.0005) | (0.0006) | ||
| INFDG | 1.0002 | INFDG | 0.9890 |
| (0.0001) | (0.0005) | ||
| REEG | 1.0480 | REEG | 0.9968 |
| (0.0206) | (0.0125) | ||
| LOG | 1.0059 | LOG | 1.0323 |
| (0.0239) | (0.0003) | ||
| a) Developed economics | b) Emerging economics | ||
|---|---|---|---|
| Variables | Haz. ratio | Variables | Haz. ratio |
| TGDPG | 0.9647 | TGDPG | 1.0024 |
| (0.0191) | (0.0101) | ||
| GDPCG | 0.1114 | GDPCG | 15.3479 |
| (0.7559) | (59.9218) | ||
| 1.00005 | 0.9900 | ||
| (0.0001) | (0.0001) | ||
| GDPPG | 10.2871 | GDPPG | 0.0523 |
| (21.2181) | (0.1295) | ||
| INFG | 1.0001 | INFG | 0.9900 |
| (0.0005) | (0.0006) | ||
| INFDG | 1.0002 | INFDG | 0.9890 |
| (0.0001) | (0.0005) | ||
| REEG | 1.0480 | REEG | 0.9968 |
| (0.0206) | (0.0125) | ||
| LOG | 1.0059 | LOG | 1.0323 |
| (0.0239) | (0.0003) | ||
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