Monetary shocks and production network in the G7 countries

Simionescu, Mihaela; Schneider, Nicolas

doi:10.1186/s40008-023-00313-y

Journal of Economic Structures

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

Table 1 Results of the Kwiatkowski–Phillips–Schmidt–Shin (KPSS) unit root test.

From: Monetary shocks and production network in the G7 countries

Country	Variables	LM-stat.	Critical value at 1% significance level
Canada	Rate of log(GDP)	0.227736	0.739
		0.089441	0.216
	Rate of log(deflator)	0.280397	0.739
		0.063875	0.216
	Exchange rate	0.164799	0.739
		0.094059	0.216
	Short-term interest rate	0.643753	0.739
		0.101512	0.216
	Long-term interest rate	1.272272	1.739
		0.135393	0.216
	Upstreamness	0.124288	0.739
		0.099644	0.216
	Downstreamness	0.335746	0.739
		0.116678	0.216
France	Rate of log(GDP)	0.246043	0.739
		0.123371	0.216
	Rate of log(deflator)	0.437472	0.739
		0.101382	0.216
	Exchange rate	1.113382	0.739
		0.179687	0.216
	Short-term interest rate	0.062984	0.739
		0.068089	0.216
	Long-term interest rate	1.101004	1.739
		0.181645	0.216
	Upstreamness	0.745996	0.739
		0.183222	0.216
	Downstreamness	0.358485	0.739
		0.193397	0.216
Germany	Rate of log(GDP)	0.050853	0.739
		0.045384	0.216
	Rate of log(deflator)	0.345426	0.739
		0.047690	0.216
	Exchange rate	0.915796	0.939
		0.309825	0.316
	Short-term interest rate	0.647191	0.739
		0.068981	0.216
	Long-term interest rate	0.121785	0.739
		0.147959	0.216
	Upstreamness	0.557484	0.739
		0.201648	0.216
	Downstreamness	0.489299	0.739
		0.178668	0.216
Italy	Rate of log(GDP)	0.189686	0.739
		0.074762	0.216
	Rate of log(deflator)	0.984406	0.739
		0.051051	0.216
	Exchange rate	0.390777	0.739
		0.200546	0.216
	Short-term interest rate	0.062984	0.739
		0.068089	0.216
	Long-term interest rate	0.662114	0.739
		0.151603	0.216
	Upstreamness	0.338665	0.739
		0.088578	0.216
	Downstreamness	0.375655	0.739
		0.196338	0.216
Japan	Rate of log(GDP)	0.094899	0.739
		0.056875	0.216
	Rate of log(deflator)	0.713944	0.739
		0.078380	0.216
	Exchange rate	0.587962	0.739
		0.175654	0.216
	Short-term interest rate	0.288279	0.739
		0.187179	0.216
	Long-term interest rate	0.683837	0.739
		0.227800	0.216
	Upstreamness	0.184647	0.739
		0.087730	0.216
	Downstreamness	0.447869	0.739
		0.195547	0.216
UK	Rate of log(GDP)	0.211934	0.739
		0.087871	0.216
	Rate of log(deflator)	0.103933	0.739
		0.097026	0.216
	Exchange rate	0.762425	0.739
		0.205703	0.216
	Short-term interest rate	0.932640	0.739
		0.109169	0.216
	Long-term interest rate	0.115147	0.739
		0.159973	0.216
	Upstreamness	0.284644	0.739
		0.034274	0.216
	Downstreamness	0.363546	0.739
		0.184738	0.216
US	Rate of log(GDP)	0.091434	0.739
		0.060068	0.216
	Rate of log(deflator)	0.436830	0.739
		0.075610	0.216
	Exchange rate	0.286041	0.739
		0.176599	0.216
	Short-term interest rate	0.544860	0.739
		0.099498	0.216
	Long-term interest rate	0.190757	0.739
		0.088616	0.216
	Upstreamness	0.345375	0.739
		0.103656	0.216
	Downstreamness	0.448564	0.739
		0.193664	0.216

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