Table VII Variance decomposition Low FI... | Emerald Publishing

Table VII

Variance decomposition

Low FI level group				High FI level group
	Impulse variable			Impulse variable
Response variable	IR	INF	Ygap	IR	INF	Ygap
IR	0.9985	0.0014	0.00001	0.98593	0.0139	0.00007
INF	0.0440	0.9559	0.00004	0.06319	0.9368	0.86106
Ygap	0.0010	0.0106	0.98842	0.02665	0.0249	0.94843

Low FI level group				High FI level group
	Impulse variable			Impulse variable
Response variable	IR	INF	Ygap	IR	INF	Ygap
IR	0.9985	0.0014	0.00001	0.98593	0.0139	0.00007
INF	0.0440	0.9559	0.00004	0.06319	0.9368	0.86106
Ygap	0.0010	0.0106	0.98842	0.02665	0.0249	0.94843

Source: Calculated by the authors using PVAR on Stata 14