Table 2 Analyzing dummy variables for...

Table 2

Analyzing dummy variables for some financial and monetary indicators of Saudi Arabia during two periods (September 2017–December 2019), (December 2019–February 2022)

Indicators		B	t	Sig	Adjusted R square	F	Sig
Consumer Price General Index 2018 = 100	Constant	99.31	180.77	0.00	0.78	63.47	0.00
	t	−0.04	−1.26	0.22	Effect	First Period	Second Period
	d	−7.96	−5.20	0.00	Constant	99.31	91.34
	dt	0.32	6.68	0.00	Slope	−0.04	0.28
Consumer Price Index for Food and beverages 2018 = 100	Constant	95.71	108.56	0.00	0.93	229.71	0.00
	t	0.30	5.49	0.00	Effect	First Period	Second Period
	d	−4.83	−1.96	0.06	Constant	95.71	90.88
	dt	0.27	3.42	0.00	Slope	0.30	0.57
Consumer Price Index for Health 2018 = 100	Constant	97.82	250.44	0.00	0.72	47.58	0.00
	t	0.12	4.91	0.00	Effect	First Period	Second Period
	d	−1.07	−0.98	0.33	Constant	97.82	96.75
	dt	0.01	0.28	0.78	Slope	0.12	0.13
Consumer Price Index for Restaurants and Hotels 2018 = 100	Constant	94.61	131.07	0.00	0.91	190.33	0.00
	t	0.40	8.93	0.00	Effect	First Period	Second Period
	d	−2.06	−1.02	0.31	Constant	94.61	92.55
	dt	0.03	0.43	0.67	Slope	0.40	0.43
Exchange Rate of U.S. Dollar	Constant	4.56	95.08	0.00	0.39	12.15	0.00
	t	−0.02	−5.47	0.00	Effect	First Period	Second Period
	d	−0.52	−3.92	0.00	Constant	4.56	4.04
	dt	0.02	5.65	0.00	Slope	−0.02	0.01
Exchange rate of Euro	Constant	2.07	16.33	0.00	0.84	92.58	0.00
	t	0.03	4.01	0.00	Effect	First Period	Second Period
	d	0.19	0.54	0.59	Constant	2.07	2.27
	dt	−0.06	−5.28	0.00	Slope	0.03	−0.03
Interbank interest rate	Constant	1.47	11.22	0.00	0.83	85.88	0.00
	t	0.04	4.56	0.00	Effect	First Period	Second Period
	d	0.30	0.81	0.42	Constant	1.47	1.77
	dt	−0.06	−5.60	0.00	Slope	0.04	−0.03
Money supply M3	Constant	1.99	15.32	0.00	0.84	92.35	0.00
	t	0.03	3.97	0.00	Effect	First Period	Second Period
	d	0.50	1.37	0.18	Constant	1.99	2.49
	dt	−0.07	−5.87	0.00	Slope	0.03	−0.04

Indicators		B	t	Sig	Adjusted R square	F	Sig
Consumer Price General Index 2018 = 100	Constant	99.31	180.77	0.00	0.78	63.47	0.00
	t	−0.04	−1.26	0.22	Effect	First Period	Second Period
	d	−7.96	−5.20	0.00	Constant	99.31	91.34
	dt	0.32	6.68	0.00	Slope	−0.04	0.28
Consumer Price Index for Food and beverages 2018 = 100	Constant	95.71	108.56	0.00	0.93	229.71	0.00
	t	0.30	5.49	0.00	Effect	First Period	Second Period
	d	−4.83	−1.96	0.06	Constant	95.71	90.88
	dt	0.27	3.42	0.00	Slope	0.30	0.57
Consumer Price Index for Health 2018 = 100	Constant	97.82	250.44	0.00	0.72	47.58	0.00
	t	0.12	4.91	0.00	Effect	First Period	Second Period
	d	−1.07	−0.98	0.33	Constant	97.82	96.75
	dt	0.01	0.28	0.78	Slope	0.12	0.13
Consumer Price Index for Restaurants and Hotels 2018 = 100	Constant	94.61	131.07	0.00	0.91	190.33	0.00
	t	0.40	8.93	0.00	Effect	First Period	Second Period
	d	−2.06	−1.02	0.31	Constant	94.61	92.55
	dt	0.03	0.43	0.67	Slope	0.40	0.43
Exchange Rate of U.S. Dollar	Constant	4.56	95.08	0.00	0.39	12.15	0.00
	t	−0.02	−5.47	0.00	Effect	First Period	Second Period
	d	−0.52	−3.92	0.00	Constant	4.56	4.04
	dt	0.02	5.65	0.00	Slope	−0.02	0.01
Exchange rate of Euro	Constant	2.07	16.33	0.00	0.84	92.58	0.00
	t	0.03	4.01	0.00	Effect	First Period	Second Period
	d	0.19	0.54	0.59	Constant	2.07	2.27
	dt	−0.06	−5.28	0.00	Slope	0.03	−0.03
Interbank interest rate	Constant	1.47	11.22	0.00	0.83	85.88	0.00
	t	0.04	4.56	0.00	Effect	First Period	Second Period
	d	0.30	0.81	0.42	Constant	1.47	1.77
	dt	−0.06	−5.60	0.00	Slope	0.04	−0.03
Money supply M3	Constant	1.99	15.32	0.00	0.84	92.35	0.00
	t	0.03	3.97	0.00	Effect	First Period	Second Period
	d	0.50	1.37	0.18	Constant	1.99	2.49
	dt	−0.07	−5.87	0.00	Slope	0.03	−0.04

Source(s): Saudi Central Bank, database

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