Table 2 Summary statistics, cross... | Emerald Publishing

Table 2

Summary statistics, cross section dependency, panel unit root and Westerlund tests

Variable	Obs	Mean	Std. Dev	Min	Max	CD-test	CADF	Westerlund
Gold	950	0.002	0.0236	−0.0587	0.1063	65.3835^***	309.6210^***	−2.3524^***
UCRY Price	950	0.0003	0.0125	−0.0322	0.0401	65.3835^***	355.9230^***	−3.4083^***
SI	950	0.0035	0.0333	−0.2072	0.2019	33.8250^***	304.0610^***
GB	950	−0.0008	0.0178	−0.1624	0.1413	14.4747^***	218.5160^***
IS	950	0.0038	0.0343	−0.2135	0.1773	25.9048^***	297.9690^***
IB	950	0.0006	0.0062	−0.0677	0.0457	49.3389^***	173.6580^***

Variable	Obs	Mean	Std. Dev	Min	Max	CD-test	CADF	Westerlund
Gold	950	0.002	0.0236	−0.0587	0.1063	65.3835^***	309.6210^***	−2.3524^***
UCRY Price	950	0.0003	0.0125	−0.0322	0.0401	65.3835^***	355.9230^***	−3.4083^***
SI	950	0.0035	0.0333	−0.2072	0.2019	33.8250^***	304.0610^***
GB	950	−0.0008	0.0178	−0.1624	0.1413	14.4747^***	218.5160^***
IS	950	0.0038	0.0343	−0.2135	0.1773	25.9048^***	297.9690^***
IB	950	0.0006	0.0062	−0.0677	0.0457	49.3389^***	173.6580^***

Note(s): Data for Gold, SI, GB, IS, and IB are from www.investing.com, while UCRY price from https://brianmlucey.wordpress.com/; ^*** stands for 1% level of significance