The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Variables | Coefficient | Std. error | Prob. | |||||
---|---|---|---|---|---|---|---|---|
Regimes | Regime(0) | Regime(1) | Regime(0) | Regime(1) | Regime(0) | Regime(1) | ||
Constant | 0.150322 | − 0.05935 | 0.02688 | 0.03033 | 0.000 | 0.017 | ||
STO | − 0.043751 | − 0.05290 | 0.01468 | 0.01822 | 0.006 | 0.002 | ||
EX | 0.0110713 | − 0.11535 | 0.004263 | 0.01384 | 0.003 | 0.000 | ||
CPI | − 0.684714 | 1.13436 | 0.1683 | 0.1514 | 0.001 | 0.000 | ||
AR-1 | 0.678773 | 1.18527 | 0.1344 | 0.2025 | 0.001 | 0.000 | ||
AR-2 | 0.106606 | − 2.91553 | 0.06607 | 0.03899 | 0.030 | 0.000 | ||
M | 0.959647 | 0.03899 | 0.000 | |||||
GDP | 1.02295 | 0.1868 | 0.000 | |||||
RATE | − 0.571463 | 0.1945 | 0.022 | |||||
Sigma | 0.0308762 | 0.0415 | ||||||
Transition matrix and the average of persistence years | P00: 0.90046 | P10: 0.42933 | ||||||
P01: 0.099537 | P11: 0.57067 |