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Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 3 Volatility break test for countries

From: Structural change and output volatility reduction in OECD countries: evidence of the Second Great Moderation

Countries

2010Q1

1982Q3

1972Q3

Pre-break volatility

Post-break volatility

Pre-break/post-break

F test

Pre-break volatility

Post-break volatility

Pre-break/post-break

F test

Pre-break volatility

Post-break volatility

Pre-break/post-break

F test

Australia

1.289

0.417

3.089

0.000

1.319

1.117

1.181

0.084

1.383

1.153

1.200

0.110

Austria

1.270

0.853

1.488

0.007

1.408

1.093

1.288

0.008

1.156

1.228

0.941

0.664

Belgium

1.179

0.446

2.642

0.000

1.267

0.988

1.282

0.010

0.937

1.130

0.830

0.158

Canada

1.438

0.758

1.898

0.000

1.302

1.384

0.941

0.551

1.093

1.407

0.777

0.057

Denmark

1.598

0.789

2.025

0.000

1.705

1.377

1.238

0.026

1.412

1.524

0.926

0.572

Finland

2.239

1.256

1.783

0.000

1.991

2.189

0.909

0.348

1.892

2.164

0.874

0.310

France

1.186

0.516

2.299

0.000

1.340

0.956

1.402

0.000

1.530

0.992

1.542

0.000

Germany

1.662

0.771

2.157

0.000

1.735

1.450

1.197

0.062

1.835

1.492

1.230

0.070

Greece

2.598

2.329

1.116

0.456

3.122

2.204

1.416

0.000

1.517

2.757

0.550

0.000

Iceland

3.046

2.118

1.438

0.014

3.366

2.668

1.262

0.016

4.312

2.537

1.700

0.000

Ireland

1.962

4.395

0.447

0.000

1.512

2.909

0.520

0.000

1.627

2.654

0.613

0.000

Italy

1.489

0.952

1.564

0.003

1.751

1.190

1.471

0.000

1.536

1.393

1.102

0.388

Japan

1.602

0.805

1.988

0.000

1.677

1.403

1.196

0.063

1.643

1.476

1.113

0.344

Korea

2.532

0.429

5.907

0.000

2.914

1.937

1.504

0.000

2.286

2.350

0.973

0.863

Luxembourg

2.342

1.279

1.831

0.000

2.499

2.033

1.229

0.032

2.175

2.214

0.982

0.926

Mexico

2.223

0.712

3.125

0.000

1.984

2.098

0.946

0.586

1.028

2.232

0.460

0.000

Netherlands

1.491

0.771

1.934

0.000

1.656

1.242

1.333

0.003

1.713

1.329

1.289

0.026

New Zealand

2.204

0.728

3.029

0.000

2.549

1.699

1.500

0.000

2.772

1.833

1.512

0.000

Norway

1.332

0.896

1.486

0.008

1.108

1.363

0.813

0.042

0.770

1.365

0.564

0.000

Portugal

2.024

1.447

1.398

0.022

2.409

1.621

1.485

0.000

1.371

2.049

0.669

0.003

Spain

1.261

1.329

0.949

0.642

1.278

1.276

1.002

0.973

1.411

1.236

1.142

0.245

Sweden

1.699

0.995

1.707

0.000

1.664

1.583

1.051

0.598

1.798

1.567

1.147

0.228

Switzerland

1.742

0.433

4.024

0.000

2.164

1.190

1.818

0.000

1.644

1.606

1.024

0.808

Turkey

3.093

1.843

1.678

0.001

2.114

3.314

0.638

0.000

1.545

3.166

0.488

0.000

United Kingdom

1.628

0.678

2.402

0.000

1.928

1.238

1.557

0.000

1.200

1.585

0.758

0.037

United States

1.547

0.524

2.952

0.000

1.802

1.187

1.518

0.000

1.240

1.480

0.838

0.180

Mean

  

2.167538

   

1.219121

   

0.970931

 
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