The results of short and long-run asymmetries
| Model 1 | Model 2 | Model 3 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exog. Var | Long run asymmetry | Short run asymmetry | Exog Var | Long run asymmetry | Short run asymmetry | Exog. Var | Long run asymmetry | Short run asymmetry | ||||||
| F-stat | PV | F-stat | PV | F-stat | PV | F-stat | PV | F-stat | PV | F-stat | PV | |||
| GFD | 1.820 | 0.020 | 0.057 | 0.083 | GFD | 1.742 | 0.021 | 1.526 | 0.208 | GFD | 1.862 | 0.020 | 1.056 | 0.037 |
| Model 1 | Model 2 | Model 3 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exog. Var | Long run asymmetry | Short run asymmetry | Exog Var | Long run asymmetry | Short run asymmetry | Exog. Var | Long run asymmetry | Short run asymmetry | ||||||
| PV | PV | PV | PV | PV | PV | |||||||||
| GFD | 1.820 | 0.020 | 0.057 | 0.083 | GFD | 1.742 | 0.021 | 1.526 | 0.208 | GFD | 1.862 | 0.020 | 1.056 | 0.037 |
Source(s): Authors’ computations
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.