Table A3

Descriptive statistics on variables used in the model

VariableObservationsMeanStandard deviationMinimumMaximum
NRESREVVOL16316.03914.8020.13298.266
RESREVVOL16338.88444.1330.568408.972
SHRESREV16342.22225.0451.26193.704
GDPC1639768.42016247.030371.58389835.230
TERMSVOL16322.35616.3361.376113.815
INFLVOL16320.547150.9010.2961838.105
GRVOL1634.1796.1350.24455.638
OPEN16389.19246.77433.426440.741
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