Table 11 Results of volatility spillover... | Emerald Publishing

Table 11

Results of volatility spillover

Coefficient	Copper (futures to cash)	Copper (cash to futures)
$ς_{i}$	0.617 * (41.687)	1.180 * (60.254)
$γ_{i}$	−0.846* (−13.275)	−0.409 * (−4.852)
$ρ_{i}$	0.359 * (17.603)	0.101 * (7.058)
$α_{i}$	−0.057 * (−3.244)	−0.018* (−2.861)
$ϑ_{i}$	0.935 * (144.432)	0.962 * (109.650)

Coefficient	Copper (futures to cash)	Copper (cash to futures)
$ς_{i}$	0.617 * (41.687)	1.180 * (60.254)
$γ_{i}$	−0.846* (−13.275)	−0.409 * (−4.852)
$ρ_{i}$	0.359 * (17.603)	0.101 * (7.058)
$α_{i}$	−0.057 * (−3.244)	−0.018* (−2.861)
$ϑ_{i}$	0.935 * (144.432)	0.962 * (109.650)

Source(s): Authors’ calculation