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

Table 4 System connectedness evaluated at the conditional mean

From: Oil prices, labour market adjustment and dynamic quantile connectedness analysis: evidence from Greece during the crisis

 

hr

fr

ovx

oilcv

oil

bnd

FROM

hr

46.4

32.9

3.9

4.2

12.3

0.2

53.6

fr

26.6

54.2

4.1

3.8

11.0

0.2

45.8

ovx

0.0

0.1

98.1

0.5

0.9

0.3

1.9

oilcv

0.2

0.7

5.2

80.0

13.0

0.9

20.0

oil

1.9

3.6

1.6

28.4

62.4

2.1

37.6

bnd

0.1

0.1

0.6

0.0

0.0

99.1

0.9

Contribution TO others

28.8

37.5

15.4

37.0

37.3

3.7

26.6

NET directional connectedness

− 24.8

− 8.3

13.5

17.0

− 0.3

2.9

  1. The ij-entry of the upper left 6 × 6 variable submatrix gives the ij-th pairwise directional connectedness. The rightmost (FROM) column gives total directional connectedness from all other variables to i variable. The bottom (TO) row gives total directional connectedness to all other variables from j variable. The bottommost (NET) row gives the differencing total directional connectedness (to–from). The bottom right element, in bold, is total connectedness