Table 2. Descriptive statistics Key...

Table 2.

Descriptive statistics

Key statistics	lnRES	Volex⁺	Volex⁻	Voler⁺	Voler⁻	Volimp⁺	Volimp⁻	lnPCI	lnSTD	lnIR	lnMS	lnOILP
Mean	2.61	26.34	−10.05	15.86	−33.65	1.13	−1.13	11.73	1.84	0.07	3.71	3.72
Median	2.60	39.67	−3.48	13.60	−34.32	1.02	−0.59	11.80	1.77	0.85	3.73	3.84
Maximum	3.28	74.62	0.00	32.49	−2.27	2.93	0.00	12.13	2.89	1.88	4.28	4.65
Minimum	2.09	0.30	−38.9	0.00	−67.64	0.01	−3.05	11.19	0.58	−3.91	3.22	2.57
SD	0.28	24.02	15.0	10.9	17.54	0.94	0.95	0.26	0.51	1.79	0.25	0.67
Skewness	0.31	0.44	−1.35	0.42	−0.21	0.44	−0.41	−0.56	0.23	−0.75	0.02	−0.12
Kurtosis	2.56	2.08	2.92	2.01	2.23	1.91	1.73	2.35	3.18	2.04	2.41	1.56
Jarque-Bera	0.80	2.25	10.01	2.32	1.04	2.74	3.18	2.32	0.34	4.48	0.01	3.02
Probability	0.67	0.32	0.01	0.31	0.59	0.25	0.20	0.31	0.84	0.11	0.99	0.22
Sum	85.9	869.4	−331.7	523.5	−1110.4	37.2	−37.6	387.1	60.7	2.30	126.02	126.55
Sum Sq. Dev.	2.61	18471.6	7200.1	3802.5	9846.4	28.8	29.43	2.19	8.41	106.47	2.03	15.02
Observations	33	33	33	33	33	33	33	33	33	33	33	33

Key statistics	lnRES	Volex⁺	Volex⁻	Voler⁺	Voler⁻	Volimp⁺	Volimp⁻	lnPCI	lnSTD	lnIR	lnMS	lnOILP
Mean	2.61	26.34	−10.05	15.86	−33.65	1.13	−1.13	11.73	1.84	0.07	3.71	3.72
Median	2.60	39.67	−3.48	13.60	−34.32	1.02	−0.59	11.80	1.77	0.85	3.73	3.84
Maximum	3.28	74.62	0.00	32.49	−2.27	2.93	0.00	12.13	2.89	1.88	4.28	4.65
Minimum	2.09	0.30	−38.9	0.00	−67.64	0.01	−3.05	11.19	0.58	−3.91	3.22	2.57
SD	0.28	24.02	15.0	10.9	17.54	0.94	0.95	0.26	0.51	1.79	0.25	0.67
Skewness	0.31	0.44	−1.35	0.42	−0.21	0.44	−0.41	−0.56	0.23	−0.75	0.02	−0.12
Kurtosis	2.56	2.08	2.92	2.01	2.23	1.91	1.73	2.35	3.18	2.04	2.41	1.56
Jarque-Bera	0.80	2.25	10.01	2.32	1.04	2.74	3.18	2.32	0.34	4.48	0.01	3.02
Probability	0.67	0.32	0.01	0.31	0.59	0.25	0.20	0.31	0.84	0.11	0.99	0.22
Sum	85.9	869.4	−331.7	523.5	−1110.4	37.2	−37.6	387.1	60.7	2.30	126.02	126.55
Sum Sq. Dev.	2.61	18471.6	7200.1	3802.5	9846.4	28.8	29.43	2.19	8.41	106.47	2.03	15.02
Observations	33	33	33	33	33	33	33	33	33	33	33	33

Note(s): This table presents the descriptive statistics of all variables used in this paper. lnRES = log of gross international reserves, Volex⁺ refers to cumulative positive of volatility of export, Volex⁻ refers to cumulative negative of volatility of export, Voler⁺ refers to cumulative positive of volatility of exchange rate, Voler⁻ refers to cumulative negative of volatility of exchange rate, Volimp⁺ refers to cumulative positive of volatility of import, Volimp⁻ refers to cumulative negative of volatility of import, lnPCI refers per capita GDP, and lnSTD is short-term debt, lnIR refers to interest rate, lnMS is the money supply, and lnOILP refers to crude oil price

Source(s): Table by authors’

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