Table A1 Descriptive statistics of trade... | Emerald Publishing

Table A1

Descriptive statistics of trade comovement data

Variable	Obs	Mean	S.D.	Min	p25	p50	p75	Max
Dependent variable: aggregate
VAD growth correlation	351	0.282	0.297	−0.541	0.084	0.345	0.509	0.901
Output growth correlation	351	0.408	0.279	−0.503	0.223	0.465	0.615	0.913
Dependent variable: goods
VAD growth correlation	351	0.314	0.329	−0.790	0.117	0.363	0.551	0.965
Output growth correlation	351	0.483	0.301	−0.548	0.362	0.539	0.686	0.975
Dependent variable: services
VAD growth correlation	351	0.371	0.422	−0.723	0.078	0.417	0.748	0.964
Output growth correlation	351	0.394	0.398	−0.758	0.109	0.463	0.741	0.975
Dependent variable: cross
VAD growth correlation	702	0.281	0.359	−0.782	0.034	0.322	0.557	0.926
Output growth correlation	702	0.374	0.311	−0.665	0.176	0.399	0.633	0.948
Explanatory variable
Trade intensity	351	0.039	0.124	0.001	0.005	0.011	0.02	1.281

Variable	Obs	Mean	S.D.	Min	p25	p50	p75	Max
Dependent variable: aggregate
VAD growth correlation	351	0.282	0.297	−0.541	0.084	0.345	0.509	0.901
Output growth correlation	351	0.408	0.279	−0.503	0.223	0.465	0.615	0.913
Dependent variable: goods
VAD growth correlation	351	0.314	0.329	−0.790	0.117	0.363	0.551	0.965
Output growth correlation	351	0.483	0.301	−0.548	0.362	0.539	0.686	0.975
Dependent variable: services
VAD growth correlation	351	0.371	0.422	−0.723	0.078	0.417	0.748	0.964
Output growth correlation	351	0.394	0.398	−0.758	0.109	0.463	0.741	0.975
Dependent variable: cross
VAD growth correlation	702	0.281	0.359	−0.782	0.034	0.322	0.557	0.926
Output growth correlation	702	0.374	0.311	−0.665	0.176	0.399	0.633	0.948
Explanatory variable
Trade intensity	351	0.039	0.124	0.001	0.005	0.011	0.02	1.281

Source(s): Table by author