Table 3 Asymmetric long-run parameters... | Emerald Publishing

Table 3

Asymmetric long-run parameters

Regressors	Coefficient	t-statistic
LnExchangerate⁺	−0.725	−2.376^** (0.305)
LnExchangerate⁻	−2.792	−3.305^* (0.844)
LnGold⁺	−0.436	−1.748^*** (0.249)
LnGold⁻	0.402	1.371 (0.293)
LnCrude⁺	0.340	3.388^* (0.100)
LnCrude⁻	−0.127	−1.095 (0.116)
c	8.934	26.723^* (0.334)

Regressors	Coefficient	t-statistic
LnExchangerate⁺	−0.725	−2.376^** (0.305)
LnExchangerate⁻	−2.792	−3.305^* (0.844)
LnGold⁺	−0.436	−1.748^*** (0.249)
LnGold⁻	0.402	1.371 (0.293)
LnCrude⁺	0.340	3.388^* (0.100)
LnCrude⁻	−0.127	−1.095 (0.116)
c	8.934	26.723^* (0.334)

Note(s): The standard errors presented in parentheses are estimated using the Newey–West method and are robust to heteroscedasticity

Source(s): Author’s own