Driscoll–Kraay test results for Islamic stock index return of G7
| Variable | Coefficient | t-statistics | p-value |
|---|---|---|---|
| CDS_ret | −0.0864*** | −12.88 | 0.000 |
| BONDY_ret | 0.0057* | 1.76 | 0.079 |
| ER_ret | −0.2612*** | −7.32 | 0.000 |
| USCDS_ret | 0.3847591*** | 16.78 | 0.000 |
| MSCIW_ret | 1.546721*** | 40.64 | 0.000 |
| VIX_ret | 0.0293751*** | 4.07 | 0.000 |
| OVX_ret | −0.0737911*** | −4.84 | 0.000 |
| C | −12.61534*** | −34.74 | 0.000 |
| Variable | Coefficient | ||
|---|---|---|---|
| CDS_ret | −0.0864*** | −12.88 | 0.000 |
| BONDY_ret | 0.0057* | 1.76 | 0.079 |
| ER_ret | −0.2612*** | −7.32 | 0.000 |
| USCDS_ret | 0.3847591*** | 16.78 | 0.000 |
| MSCIW_ret | 1.546721*** | 40.64 | 0.000 |
| VIX_ret | 0.0293751*** | 4.07 | 0.000 |
| OVX_ret | −0.0737911*** | −4.84 | 0.000 |
| C | −12.61534*** | −34.74 | 0.000 |
Note(s): *, **, *** show 10%, 5%, %1 level of significance
Source(s): Created by the authors
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