Table 1 Descriptive statistics of scaled... | Emerald Publishing

Table 1

Descriptive statistics of scaled (100x) daily logarithmic stock index returns

	Mean	SD	Skewness	Kurtosis	J-B	L-B	ARCH LM	ADF
Panel A: Latin American emerging markets
Colombia	−0.047	1.657	−1.607	27.801	50526.957*	1531.363*	721.338*	−10.015*
Chile	−0.024	1.470	−1.403	26.778	46314.615*	695.357*	458.754*	−9.518*
Mexico	−0.013	1.471	−0.861	9.088	3234.277*	1537.614*	458.545*	−8.184*
Peru	0.007	1.028	−0.746	16.271	14408.789*	421.089*	198.221*	−7.726*
MILA	−0.026	1.319	−1.760	26.345	45030.816*	1643.580*	842.487*	−9.345*
Panel B: Asian emerging markets
Philippines	0.000	1.219	−1.410	20.552	25543.991*	964.080*	651.416*	−9.007*
Singapore	−0.004	0.949	−0.401	11.391	5743.581*	2676.247*	743.372*	−9.920*
Indonesia	0.008	1.223	−0.438	11.456	5842.593*	1985.511*	672.456*	−9.279*
Thailand	0.013	1.043	−1.516	24.355	37606.519*	1137.113*	505.155*	−8.893*
Malaysia	−0.023	0.894	−0.214	9.389	3313.850*	1336.745*	474.503*	−8.928*

	Mean	SD	Skewness	Kurtosis	J-B	L-B	ARCH LM	ADF
Panel A: Latin American emerging markets
Colombia	−0.047	1.657	−1.607	27.801	50526.957*	1531.363*	721.338*	−10.015*
Chile	−0.024	1.470	−1.403	26.778	46314.615*	695.357*	458.754*	−9.518*
Mexico	−0.013	1.471	−0.861	9.088	3234.277*	1537.614*	458.545*	−8.184*
Peru	0.007	1.028	−0.746	16.271	14408.789*	421.089*	198.221*	−7.726*
MILA	−0.026	1.319	−1.760	26.345	45030.816*	1643.580*	842.487*	−9.345*
Panel B: Asian emerging markets
Philippines	0.000	1.219	−1.410	20.552	25543.991*	964.080*	651.416*	−9.007*
Singapore	−0.004	0.949	−0.401	11.391	5743.581*	2676.247*	743.372*	−9.920*
Indonesia	0.008	1.223	−0.438	11.456	5842.593*	1985.511*	672.456*	−9.279*
Thailand	0.013	1.043	−1.516	24.355	37606.519*	1137.113*	505.155*	−8.893*
Malaysia	−0.023	0.894	−0.214	9.389	3313.850*	1336.745*	474.503*	−8.928*

Note(s): * indicates rejection of the null hypothesis at the 1% significance level