Descriptive statistics
| Advanced economies panel | Emerging economies panel | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GDP | CPI | HP | Interest | FSI | GDP | CPI | HP | Interest | FSI | |
| Mean | 1.40 | 1.45 | 0.28 | 0.98 | 0.00 | 4.18 | 4.48 | 0.89 | 5.89 | 0.00 |
| Median | 1.78 | 1.48 | 0.40 | 0.36 | −0.43 | 4.06 | 3.89 | 0.79 | 4.58 | −0.27 |
| Minimum | −7.17 | −1.62 | −6.75 | −1.87 | −4.46 | −9.4 | −3.03 | −26.12 | 0.43 | −4.65 |
| Maximum | 5.93 | 5.30 | 5.61 | 5.26 | 9.89 | 15.00 | 16.2 | 13.22 | 19.67 | 8.91 |
| Std. dev. | 2.08 | 1.19 | 1.73 | 1.51 | 2.39 | 3.68 | 2.86 | 3.15 | 3.56 | 2.31 |
| Skewness | −1.41 | 0.12 | −0.52 | 1.06 | 0.8 | −0.12 | 1.42 | −0.99 | 1.29 | 0.76 |
| Kurtosis | 2.55 | 0.06 | 1.56 | 0.14 | 0.65 | 0.98 | 3.07 | 15.03 | 1.28 | 0.71 |
| Sample size | 406 | 406 | 406 | 406 | 406 | 406 | 406 | 406 | 406 | 406 |
| Advanced economies panel | Emerging economies panel | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GDP | CPI | HP | Interest | FSI | GDP | CPI | HP | Interest | FSI | |
| Mean | 1.40 | 1.45 | 0.28 | 0.98 | 0.00 | 4.18 | 4.48 | 0.89 | 5.89 | 0.00 |
| Median | 1.78 | 1.48 | 0.40 | 0.36 | −0.43 | 4.06 | 3.89 | 0.79 | 4.58 | −0.27 |
| Minimum | −7.17 | −1.62 | −6.75 | −1.87 | −4.46 | −9.4 | −3.03 | −26.12 | 0.43 | −4.65 |
| Maximum | 5.93 | 5.30 | 5.61 | 5.26 | 9.89 | 15.00 | 16.2 | 13.22 | 19.67 | 8.91 |
| Std. dev. | 2.08 | 1.19 | 1.73 | 1.51 | 2.39 | 3.68 | 2.86 | 3.15 | 3.56 | 2.31 |
| Skewness | −1.41 | 0.12 | −0.52 | 1.06 | 0.8 | −0.12 | 1.42 | −0.99 | 1.29 | 0.76 |
| Kurtosis | 2.55 | 0.06 | 1.56 | 0.14 | 0.65 | 0.98 | 3.07 | 15.03 | 1.28 | 0.71 |
| Sample size | 406 | 406 | 406 | 406 | 406 | 406 | 406 | 406 | 406 | 406 |
| Pairwise correlation coefficients | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GDP | CPI | HP | Interest | FSI | GDP | CPI | HP | Interest | FSI | |
| GDP | 1 | 1 | ||||||||
| CPI | 0.1760*** | 1 | −0.300*** | 1 | ||||||
| HP | 0.3917*** | −0.185*** | 1 | 0.2583*** | −0.135*** | 1 | ||||
| Interest | 0.1628*** | 0.5850*** | −0.029* | 1 | −0.298*** | 0.6865*** | −0.010* | 1 | ||
| FSI | −0.481*** | 0.0745** | −0.359*** | 0.1023** | 1 | −0.165*** | 0.2488*** | −0.127*** | 0.2073*** | 1 |
| Pairwise correlation coefficients | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GDP | CPI | HP | Interest | FSI | GDP | CPI | HP | Interest | FSI | |
| GDP | 1 | 1 | ||||||||
| CPI | 0.1760*** | 1 | −0.300*** | 1 | ||||||
| HP | 0.3917*** | −0.185*** | 1 | 0.2583*** | −0.135*** | 1 | ||||
| Interest | 0.1628*** | 0.5850*** | −0.029* | 1 | −0.298*** | 0.6865*** | −0.010* | 1 | ||
| FSI | −0.481*** | 0.0745** | −0.359*** | 0.1023** | 1 | −0.165*** | 0.2488*** | −0.127*** | 0.2073*** | 1 |
Note(s): Correlation coefficients were calculated using Pearson's correlation test. ***, ** and * denote the level of significance at 1, 5 and 10%, respectively
Source(s): Own elaboration
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