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Table 9 Aggregate industrial output

From: Global shocks and fiscal stimulus: a tale of an oil-dependent-exporting country

 

Robustness X

Robustness Y

S1

S2

S3

S4

S5

S6

S7

S8

S1

S2

S3

S4

S5

S6

S7

S8

Agriculture

− 0.7

0.1

0

− 0.1

− 0.7

− 0.5

− 0.8

− 0.8

− 1.0

− 1.9

− 1.2

− 0.7

− 1.9

− 1.1

− 1.4

− 1.4

Crude

− 13.6

− 13.4

− 13.7

− 16

− 13.6

− 15.6

− 15.9

− 15.9

− 12.4

− 12.7

− 12.7

− 15.5

− 12.6

− 15.1

− 15.4

− 15.4

Solid Minerals

35.9

35.6

36.1

34.4

36.2

34.2

34.6

34.6

36

36.3

36.5

34.7

36.6

34.4

34.8

34.8

Refined Oil

7.3

6.5

7

5.1

7.3

4.9

5.4

5.4

6.9

7.6

7.4

5.3

7.7

5

5.6

5.6

Food-B-T

2.8

2.1

2.1

0.1

2.8

0.8

0.7

0.7

2.3

3

2.3

0.2

3

0.9

0.8

0.8

Clothing

27.4

32

27.6

23.4

27.4

27.3

23.2

23.2

34.5

29.8

30.1

24.7

29.8

28.5

24.4

24.4

Iron-M-S

23.8

24.8

23.8

21.7

23.9

22.8

21.8

21.8

25.5

24.5

24.6

22.1

24.6

23.2

22.2

22.2

Other Ind

18.4

15.8

18.2

17.3

18.4

15

17.6

17.6

15.4

18

17.8

17.1

18.1

14.9

17.4

17.4

Electricity

8.6

8.9

8.5

6.2

8.7

6.7

6.4

6.4

9.8

9.6

9.5

6.8

9.6

7.2

6.9

6.9

Other Utl

14

12.2

13.7

12.7

14

11.6

13

13

12.1

13.9

13.6

12.6

13.9

11.6

13

13

Cons-Cement

4.5

4.4

5

2.8

5.1

2.4

2.9

2.9

5.1

5.3

5.8

3.2

5.8

2.7

3.2

3.2

Trade

− 2.4

− 2.4

− 2.8

− 4.4

− 2.4

− 3.5

− 4

− 4

− 2.2

− 2.2

− 2.6

− 4.3

− 2.2

− 3.4

− 3.9

− 3.9

Transportation

0.6

0.1

0.4

− 1.7

0.6

− 1.8

− 1.5

− 1.5

0.8

1.3

1.2

− 1.3

1.4

− 1.4

− 1.1

− 1.1

Communication

− 0.8

− 0.3

− 1.1

− 2.5

− 0.8

− 1.4

− 2.2

− 2.2

− 0.2

− 0.6

− 0.9

− 2.4

− 0.6

− 1.3

− 2.1

− 2.1

Art-E-R

6.5

5.3

6.1

5

6.5

4.6

5.4

5.4

5.2

6.4

6.1

5

6.4

4.5

5.3

5.3

Fin-Ins

0.3

− 0.1

− 0.1

− 2

0.3

− 1.5

− 1.6

− 1.6

0.3

0.7

0.3

− 1.8

0.7

− 1.3

− 1.4

− 1.4

Real Estate

3.6

3.4

3

1.7

3.4

2.1

2

2

3.5

3.7

3.1

1.8

3.4

2.2

2.1

2.1

Education

8.5

9.2

8.4

7.1

8.6

8.1

7.2

7.2

9.6

9

8.8

7.3

9

8.3

7.4

7.4

Health

7.5

8

7.5

5.1

7.6

5.7

5.1

5.1

9.2

8.7

8.7

5.7

8.7

6.2

5.7

5.7

Other Services

0.8

0.8

0.6

− 0.7

0.9

− 0.2

− 0.5

− 0.5

1

1

0.8

− 0.6

1

− 0.1

− 0.4

− 0.4

Government

13

13.4

13.2

12.8

13.3

13.2

12.9

12.9

13.3

12.9

13.1

12.8

13.2

13.1

12.8

12.8

  1. S1 = CRD = Crude Oil shock, S2 = CRD-COV(C,S,M) = Crude & COVID (Consumption, Savings, Import) shocks, S3 = CRD-COV(S,M,P) = Crude & COVID (Savings, Import, Production) shocks, S4 = CRD-COV(S,M,P,E) = Crude & COVID (Savings, Import, Production, Employment) shocks, S5 = CRD-COV(S,M,P,C) = Crude & COVID (Savings, Import, Production, Consumption) shocks, S6 = CRD-COV(C,S,P,E) Crude & COVID (Consumption, Savings, Production, Employment) shocks, S7 = CRD-COV(C,S,P,E,M) = Crude & COVID (Consumption, Savings, Production, Employment, Import) shocks, S8 = CRD-COV(C,S,P,E,M)-F = Crude, COVID (Consumption, Savings, Production, Employment, Import) shocks, & Fiscal stimulus