Table 5 Dynamic correlations for... | Emerald Publishing

Table 5

Dynamic correlations for Bulgarian data and the model economy

	Statistic	k
	Statistic	−3	−2	−1	0	1	2	3
Data	$corr (h_{t}, {(y / h)}_{t - k})$	−0.342	−0.363	−0.187	−0.144	0.475	0.470	0.346
Model	$corr (h_{t}, {(y / h)}_{t - k})$	0.034	0.033	0.029	0.960	0.030	0.034	0.035
	(s.e.)	(0.732)	(0.643)	(0.531)	(0.098)	(0.534)	(0.645)	(0.734)
Data	$corr (h_{t}, w_{t - k})$	0.355	0.452	0.447	0.328	−0.040	−0.390	−0.57
Model	$corr (h_{t}, w_{t - k})$	0.034	0.033	0.029	0.960	0.030	0.034	0.035
	(s.e.)	(0.732)	(0.643)	(0.531)	(0.098)	(0.534)	(0.645)	(0.734)

	Statistic	k
	Statistic	−3	−2	−1	0	1	2	3
Data	$corr (h_{t}, {(y / h)}_{t - k})$	−0.342	−0.363	−0.187	−0.144	0.475	0.470	0.346
Model	$corr (h_{t}, {(y / h)}_{t - k})$	0.034	0.033	0.029	0.960	0.030	0.034	0.035
	(s.e.)	(0.732)	(0.643)	(0.531)	(0.098)	(0.534)	(0.645)	(0.734)
Data	$corr (h_{t}, w_{t - k})$	0.355	0.452	0.447	0.328	−0.040	−0.390	−0.57
Model	$corr (h_{t}, w_{t - k})$	0.034	0.033	0.029	0.960	0.030	0.034	0.035
	(s.e.)	(0.732)	(0.643)	(0.531)	(0.098)	(0.534)	(0.645)	(0.734)