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

Table 2 Summary statistics and correlation coefficient estimates

From: Spillover dynamics across price inflation and selected agricultural commodity prices

 

CO

GN

SB

BA

MA

SO

RI

WH

CPI

Panel A: descriptive statistics

 Mean

5.551

7.190

6.100

5.137

5.278

5.245

6.123

5.436

4.752

 Median

5.594

7.214

6.120

5.170

5.183

5.276

6.132

5.449

4.773

 Maximum

5.878

7.920

6.501

5.575

5.816

5.781

6.765

6.052

5.319

 Minimum

5.010

5.329

5.542

4.618

4.619

4.558

5.656

4.943

4.211

 Std. dev.

0.225

0.484

0.239

0.252

0.295

0.267

0.247

0.244

0.315

 Skewness

− 0.837

− 2.081

− 0.683

− 0.324

0.035

− 0.270

− 0.071

− 0.003

− 0.077

 Kurtosis

2.786

9.031

2.830

2.131

2.413

2.526

2.506

2.196

1.732

 Jarque–Bera

15.065

284.138

10.034

6.209

1.846

2.738

1.395

3.418

8.639

 Probability

0.001

0.000

0.007

0.045

0.397

0.254

0.498

0.181

0.013

 Sum

705.016

913.126

774.733

652.394

670.291

666.126

777.623

690.383

603.512

 Sum sq. dev.

6.404

29.534

7.191

8.033

10.979

8.986

7.681

7.515

12.489

 Observations

127

127

127

127

127

127

127

127

127

Panel B: correlation coefficient estimates

 CO

1

        

  T-stat

        

  P value

        

  No. Obs

127

        

 GN

0.150

1

       

  T-stat

1.701

       

  P-value

0.091

       

  No. Obs

127

127

       

 SB

0.512

0.337

1

      

  T-stat

6.664

4.007

      

  P-value

0.000

0.000

      

  No. Obs

127

127

127

      

 BA

0.218

0.244

0.668

1

     

  T-stat

2.502

2.814

10.048

     

  P-value

0.014

0.006

0.000

     

  No. Obs

127

127

127

127

     

 MA

0.309

0.233

0.874

0.798

1

    

  T-stat

3.639

2.678

20.090

14.828

    

  P-value

0.000

0.008

0.000

0.000

    

  No. Obs

127

127

127

127

127

    

 SO

0.398

0.176

0.790

0.792

0.894

1

   

  T-stat

4.853

1.998

14.415

14.494

22.327

   

  P-value

0.000

0.048

0.000

0.000

0.000

   

  No. Obs

127

127

127

127

127

127

   

 RI

0.450

0.236

0.744

0.452

0.689

0.539

1

  

  T-stat

5.632

2.714

12.465

5.669

10.615

7.152

  

  P-value

0.000

0.008

0.000

0.000

0.000

0.000

  

  No. Obs

127

127

127

127

127

127

127

  

 WH

0.252

0.356

0.853

0.749

0.822

0.763

0.461

1

 

  T-stat

2.907

4.263

18.265

12.651

16.167

13.212

5.800

 

  P-value

0.004

0.000

0.000

0.000

0.000

0.000

0.000

 

  No. Obs

127

127

127

127

127

127

127

127

 

 CPI

0.651

0.011

0.393

0.340

0.342

0.499

0.163

0.224

1

  T-stat

9.591

0.124

4.784

4.049

4.063

6.429

1.853

2.569

  P-value

0.000

0.902

0.000

0.000

0.000

0.000

0.066

0.011

  No. Obs.

127

127

127

127

127

127

127

127

127

  1. All the above-mentioned series were log transformed as well as seasonally adjusted with the exception of CPI with census X-13 with additive outlier option type. WH, SB, SO, RI, MA, BA, GA, and CO denote wheat, soybean, sorghum, rice, maize, barley, groundnut, and cocoa, respectively