Table 9

Variance decomposition of COR

PeriodS.E.CORREMKOUNTAX
 10.139976100.00000.0000000.0000000.0000000.000000
 20.20292490.694320.2861406.5709991.8628750.585663
 30.22699983.558553.1492157.7279661.5037894.060483
 40.24457274.913076.6377566.8947512.5210729.033351
 50.26183266.404418.6831186.0194954.17085914.72211
 60.27925358.634369.4119205.2921525.83178820.82978
 70.29772551.585579.4005114.6559397.34368927.01429
 80.31721345.537479.0043724.1037488.54407132.81034
 90.33724940.565318.4554083.6353579.34902937.99490
 100.35741036.556757.8934733.2411699.79856042.51005

Source(s): Authors: Computation, Cholesky Ordering: COR, REM, KO, UN, TAX

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