Table 6

Dynamic CCEMG estimator results

Transition economiesG-7 countries
VariableValueVariableValue
LCOR (−1)0.184***LCOR (−1)0.337**
LPE(−0.345)**LPE(−0.204)
LNTR(−0.041)LNTR(−0.131)
C3.759**C(−2.748)*

Note(s): * denotes 1%, ** denotes 5% and *** denotes 10% significance. Dependent variable: LCOR

Source(s): The table is created by the authors

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