Comparing correlation: before, during and after the great recession
| Variables | Before Great Recession | During Great Recession | After Great Recession |
|---|---|---|---|
| CG | CG | CG | |
| CP | 0.17*** | 0.18** | 0.07 |
| (5.96) | (2.07) | (1.49) | |
| ((0.00)) | ((0.03)) | ((0.13)) | |
| CPBO | 0.17*** | 0.18** | 0.07 |
| (6.14) | (2.11) | (1.62) | |
| ((0.00)) | ((0.04)) | ((0.10)) | |
| CPB | 0.21*** | 0.22*** | 0.11** |
| (7.42) | (2.64) | (2.21) | |
| ((0.00)) | ((0.00)) | ((0.02)) |
| Variables | Before Great Recession | During Great Recession | After Great Recession |
|---|---|---|---|
| CG | CG | CG | |
| CP | 0.17*** | 0.18** | 0.07 |
| (5.96) | (2.07) | (1.49) | |
| ((0.00)) | ((0.03)) | ((0.13)) | |
| CPBO | 0.17*** | 0.18** | 0.07 |
| (6.14) | (2.11) | (1.62) | |
| ((0.00)) | ((0.04)) | ((0.10)) | |
| CPB | 0.21*** | 0.22*** | 0.11** |
| (7.42) | (2.64) | (2.21) | |
| ((0.00)) | ((0.00)) | ((0.02)) |
Note(s): t-statistics are reported in single parenthesis. p-values are reported in double parenthesis. *** and ** denote statistical significance at 1 and 5% level, respectively