Table 10 Summary of key spillover...

Table 10

Summary of key spillover indicators during 5 windows

Country	Type of spillover	Recovery from the Dot.com bubble	Financial crisis	Recovery from financial crisis	COVID-19 crisis	Recovery from COVID-19 crisis
UK	Variances explained by own past values	58.04	36.63	51.86	39.63	67.22
	Spillover to other countries	57.79	63.22	54.66	96.61	26.14
	Spillover from other countries	41.95	63.37	48.15	60.38	32.78
Mexico	Variances explained by own past values	79.34	50.46	67.88	48.01	90.96
	Spillover to other countries	18.69	88.18	29.42	30.92	10.61
	Spillover from other countries	20.65	49.54	32.12	51.98	9.04
Japan	Variances explained by own past values	78.55	50.06	62.79	41.4	91.28
	Spillover to other countries	10.82	21.25	20.59	40.68	8.85
	Spillover from other countries	21.46	49.93	37.22	58.6	8.72
South Korea	Variances explained by own past values	79.5	55.03	70.6	39.02	90.79
	Spillover to other countries	12.39	22.63	24.42	17.78	5.31
	Spillover from other countries	20.5	44.97	29.41	60.98	9.21
Thailand	Variances explained by own past values	94.52	67.66	86.53	43.17	87.42
	Spillover to other countries	3.87	12.3	15.02	59.39	5.77
	Spillover from other countries	5.48	32.33	13.47	56.84	12.57
Switzerland	Variances explained by own past values	53.16	39.59	58.79	42.14	64.88
	Spillover to other countries	40.23	53.54	30.95	115.62	37.55
	Spillover from other countries	46.84	60.41	41.21	57.86	35.11
US	Variances explained by own past values	66.78	45.29	65.3	37.77	88.11
	Spillover to other countries	46.31	94.15	61.23	47.86	25.1
	Spillover from other countries	33.22	54.72	34.71	62.22	11.9
Total spillover index		27.16	50.75	33.76	58.41	17.05

Country	Type of spillover	Recovery from the Dot.com bubble	Financial crisis	Recovery from financial crisis	COVID-19 crisis	Recovery from COVID-19 crisis
UK	Variances explained by own past values	58.04	36.63	51.86	39.63	67.22
	Spillover to other countries	57.79	63.22	54.66	96.61	26.14
	Spillover from other countries	41.95	63.37	48.15	60.38	32.78
Mexico	Variances explained by own past values	79.34	50.46	67.88	48.01	90.96
	Spillover to other countries	18.69	88.18	29.42	30.92	10.61
	Spillover from other countries	20.65	49.54	32.12	51.98	9.04
Japan	Variances explained by own past values	78.55	50.06	62.79	41.4	91.28
	Spillover to other countries	10.82	21.25	20.59	40.68	8.85
	Spillover from other countries	21.46	49.93	37.22	58.6	8.72
South Korea	Variances explained by own past values	79.5	55.03	70.6	39.02	90.79
	Spillover to other countries	12.39	22.63	24.42	17.78	5.31
	Spillover from other countries	20.5	44.97	29.41	60.98	9.21
Thailand	Variances explained by own past values	94.52	67.66	86.53	43.17	87.42
	Spillover to other countries	3.87	12.3	15.02	59.39	5.77
	Spillover from other countries	5.48	32.33	13.47	56.84	12.57
Switzerland	Variances explained by own past values	53.16	39.59	58.79	42.14	64.88
	Spillover to other countries	40.23	53.54	30.95	115.62	37.55
	Spillover from other countries	46.84	60.41	41.21	57.86	35.11
US	Variances explained by own past values	66.78	45.29	65.3	37.77	88.11
	Spillover to other countries	46.31	94.15	61.23	47.86	25.1
	Spillover from other countries	33.22	54.72	34.71	62.22	11.9
Total spillover index		27.16	50.75	33.76	58.41	17.05

Source(s): Authors’ own creation

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