Table 4 Summary statistics of state...

Table 4

Summary statistics of state variables

Variable	Mean	Max	Min	Std. dev	Skewness	Kurtosis	J-B	ADF	N
LS	−0.13	4.45	−4.93	2.18	−0.12	3.04	0.96	0.00	37
IRS	0.16	5.46	−4.06	2.06	0.35	3.66	0.49	0.00	37
CS	0.00	3.58	−4.34	1.33	−0.09	6.41	0.00	0.00	37
VUCI	0.05	0.09	0.04	0.01	2.55	8.14	0.00	0.04	37

Variable	Mean	Max	Min	Std. dev	Skewness	Kurtosis	J-B	ADF	N
LS	−0.13	4.45	−4.93	2.18	−0.12	3.04	0.96	0.00	37
IRS	0.16	5.46	−4.06	2.06	0.35	3.66	0.49	0.00	37
CS	0.00	3.58	−4.34	1.33	−0.09	6.41	0.00	0.00	37
VUCI	0.05	0.09	0.04	0.01	2.55	8.14	0.00	0.04	37

Note(s): The p-values for J-B (Jarque–Bera) and ADFs (augmented Dickey–Fuller statistics) are reported

Source(s): Authors’ calculation

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