Robustness check
| Variable | Dynamic CCEMG | CCEMG model | AMG model |
|---|---|---|---|
| Transition economies | |||
| LPE | (−0.422)** | (−0.285)** | (−0.264)** |
| LNTR | (−0.052) | (−0.106)*** | (−0.123)*** |
| C | 4.606** | 0.358 | 2.519* |
| G-7 countries | |||
| LPE | (−0.307) | (−0.028) | (−0.031) |
| LNTR | (−0.197) | (−0.033) | (−0.001) |
| C | (−4.144) | (−1.216)** | 1.868* |
| Variable | Dynamic CCEMG | CCEMG model | AMG model |
|---|---|---|---|
| LPE | (−0.422)** | (−0.285)** | (−0.264)** |
| LNTR | (−0.052) | (−0.106)*** | (−0.123)*** |
| C | 4.606** | 0.358 | 2.519* |
| LPE | (−0.307) | (−0.028) | (−0.031) |
| LNTR | (−0.197) | (−0.033) | (−0.001) |
| C | (−4.144) | (−1.216)** | 1.868* |
Note(s): * denotes 1%, ** denotes 5% and *** denotes 10% significance
Source(s): The table is created by the authors