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

Table 5 Contemporaneous coefficients estimated from structural FAVAR model

From: Regional economic structure and heterogeneous effects of monetary policy: evidence from Indonesian provinces

Variable

GDPg

INF

POL

NER

FIN

GDPg (− 1)

0.88

0.08.58

0.04

− 8E−04

0.07

(0.04)

(12.28)

(3.65)

(0.33)

(28.50)

INF (− 1)

5E−03

0.90

0.03

2E−03

0.37

(0.00)

(0.05)

(0.02)

(0.00)

(0.12)

POL (− 1)

− 7E−03

− 0.01

0.92

− 3E−03

− 0.31

(0.00)

(0.08)

(0.02)

(0.00)

(0.18)

NER (− 1)

0.27

5.25

1.30

0.20

7.46

(0.01)

(3.61)

(1.07)

(0.10)

(8.38)

FIN (− 1)

− 8E−03

0.03

0.03

2E−04

0.63

(0.00)

(0.03)

(0.01)

(0.00)

(0.07)

C

0.62

0.05

0.10

0.01

− 0.21

(0.00)

(0.76)

(0.23)

(0.02)

(1.77)

EXT

− 9E−03

− 0.03

− 0.01

− 1E−03

− 0.01

(0.00)

(0.02)

(0.01)

(0.00)

(0.05)

R-squared

0.82

0.89

0.98

0.13

0.61

Adj. R-squared

0.81

0.89

0.97

0.08

0.59

  1. Standard errors in (). Source: Authors’ calculation