Table 4 Asymmetric short-run parameters... | Emerald Publishing

Table 4

Asymmetric short-run parameters

Regressors	Coefficient	t-statistics
ΔlnSensex_t−1	0.017	0.188 (0.093)
ΔlnExchangerate_t⁺	−0.815	−1.788^*** (0.455)
ΔlnExchangerate_t⁻	−1.983	−5.188^* (0.382)
ΔlnExchangerate_t−1⁻	0.559	1.415 (0.395)
ΔlnGold_t⁺	−0.410	−1.587 (0.258)
ΔlnGold_t⁻	−0.077	−0.221 (0.351)
ΔlnCrude_t⁺	−0.0177	−0.355 (0.050)
ΔlnCrude_t−1⁺	−0.015	−0.493 (0.032)
ΔlnCrude_t⁻	0.257	4.121^* (0.062)
ΔlnCrude_t−1⁻	−0.107	−2.187^** (0.049)
c	0.003	0.435 (0.008)
Convergence coefficient	−0.407	−5.728^* (0.071)

Regressors	Coefficient	t-statistics
ΔlnSensex_t−1	0.017	0.188 (0.093)
ΔlnExchangerate_t⁺	−0.815	−1.788^*** (0.455)
ΔlnExchangerate_t⁻	−1.983	−5.188^* (0.382)
ΔlnExchangerate_t−1⁻	0.559	1.415 (0.395)
ΔlnGold_t⁺	−0.410	−1.587 (0.258)
ΔlnGold_t⁻	−0.077	−0.221 (0.351)
ΔlnCrude_t⁺	−0.0177	−0.355 (0.050)
ΔlnCrude_t−1⁺	−0.015	−0.493 (0.032)
ΔlnCrude_t⁻	0.257	4.121^* (0.062)
ΔlnCrude_t−1⁻	−0.107	−2.187^** (0.049)
c	0.003	0.435 (0.008)
Convergence coefficient	−0.407	−5.728^* (0.071)

Source(s): Author’s own