Table 6 Interaction effects of fiscal...

Table 6

Interaction effects of fiscal vulnerability

Estimated	Estimators	Coefficient	t-stat	Prob	R²	ΔR²	F-stat
GDP	PD	−2.559	−1.63	0.121	0.745	0.633	6.684
GDP	PD_DDR	−0.872	−1.31	0.761	0.745 0	0.633	6.684
GDP	PD_DSDR	1.483	2.34*	0.032	0.745	0.633	6.684
GDP	PD_IGDP	1.139	1.29	0.215	0.745	0.633	6.684
GDP	PD_IDR	−0.850	−0.29	0.772	0.745	0.633	6.684
GDP	PD_EDE	−0.606	−1.15	0.267	0.745	0.633	6.684
GDP	PD_NIR	0.285	0.41	0.687	0.745	0.633	6.684
INF	PD	3.226	1.73*	0.100	0.261	0.061	0.811
INF	PD_DDR	−1.169	−0.35	0.732	0.261	0.061	0.811
INF	PD_DSDR	−1.475	−1.96*	0.068	0.261	0.061	0.811
INF	PD_IGDP	−1.788	−1.70*	0.108	0.261	0.061	0.811
INF	PD_IDR	2.623	0.76	0.457	0.261	0.061	0.811
INF	PD_EDE	1.624	0.97	0.344	0.261	0.061	0.811
INF	PD_NIR	−0.414	−0.49	0.624	0.261	0.061	0.811
UNE	PD	1.600	3.67***	0.002	0.848	0.777	11.976
UNE	PD_DDR	0.413	0.51	0.618	0.848	0.777	11.976
UNE	PD_DSDR	−0.622	−3.17***	0.006	0.848	0.777	11.976
UNE	PD_IGDP	−0.820	−3.32***	0.004	0.848	0.777	11.976
UNE	PD_IDR	0.209	0.26	0.799	0.848	0.777	11.976
UNE	PD_EDE	0.318	0.82	0.423	0.848	0.777	11.976
UNE	PD_NIR	−0.298	−1.53	0.146	0.848	0.777	11.976
TB	PD	−13.680	−0.84	0.415	0.691	0.556	5.126
TB	PD_DDR	−16.951	−0.57	0.573	0.691	0.556	5.126
TB	PD_DSDR	7.316	1.10	0.285	0.691	0.556	5.126
TB	PD_IGDP	12.271	1.32	0.202	0.691	0.556	5.126
TB	PD_IDR	9.370	0.31	0.760	0.691	0.556	5.126
TB	PD_EDE	0.117	0.01	0.993	0.691	0.556	5.126
TB	PD_NIR	3.944	0.54	0.595	0.691	0.556	5.126

Estimated	Estimators	Coefficient	t-stat	Prob	R²	ΔR²	F-stat
GDP	PD	−2.559	−1.63	0.121	0.745	0.633	6.684
GDP	PD_DDR	−0.872	−1.31	0.761	0.745 0	0.633	6.684
GDP	PD_DSDR	1.483	2.34*	0.032	0.745	0.633	6.684
GDP	PD_IGDP	1.139	1.29	0.215	0.745	0.633	6.684
GDP	PD_IDR	−0.850	−0.29	0.772	0.745	0.633	6.684
GDP	PD_EDE	−0.606	−1.15	0.267	0.745	0.633	6.684
GDP	PD_NIR	0.285	0.41	0.687	0.745	0.633	6.684
INF	PD	3.226	1.73*	0.100	0.261	0.061	0.811
INF	PD_DDR	−1.169	−0.35	0.732	0.261	0.061	0.811
INF	PD_DSDR	−1.475	−1.96*	0.068	0.261	0.061	0.811
INF	PD_IGDP	−1.788	−1.70*	0.108	0.261	0.061	0.811
INF	PD_IDR	2.623	0.76	0.457	0.261	0.061	0.811
INF	PD_EDE	1.624	0.97	0.344	0.261	0.061	0.811
INF	PD_NIR	−0.414	−0.49	0.624	0.261	0.061	0.811
UNE	PD	1.600	3.67***	0.002	0.848	0.777	11.976
UNE	PD_DDR	0.413	0.51	0.618	0.848	0.777	11.976
UNE	PD_DSDR	−0.622	−3.17***	0.006	0.848	0.777	11.976
UNE	PD_IGDP	−0.820	−3.32***	0.004	0.848	0.777	11.976
UNE	PD_IDR	0.209	0.26	0.799	0.848	0.777	11.976
UNE	PD_EDE	0.318	0.82	0.423	0.848	0.777	11.976
UNE	PD_NIR	−0.298	−1.53	0.146	0.848	0.777	11.976
TB	PD	−13.680	−0.84	0.415	0.691	0.556	5.126
TB	PD_DDR	−16.951	−0.57	0.573	0.691	0.556	5.126
TB	PD_DSDR	7.316	1.10	0.285	0.691	0.556	5.126
TB	PD_IGDP	12.271	1.32	0.202	0.691	0.556	5.126
TB	PD_IDR	9.370	0.31	0.760	0.691	0.556	5.126
TB	PD_EDE	0.117	0.01	0.993	0.691	0.556	5.126
TB	PD_NIR	3.944	0.54	0.595	0.691	0.556	5.126

Note(s): ***p < 0.01, **p < 0.05 and *p < 0.10

Source(s): Authors’ computation, 2024

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