Table 3 ARCH Test
Countries | Constant | AR(1) | ARCH Test |
|---|---|---|---|
Stock prices | |||
China | 0.016 (0.51) | 0.002 (0.88) | 87.423* (0.00) |
India | 0.044 (0.07) | 0.077* (0.00) | 148.116* (0.00) |
Hong Kong | 0.021 (0.37) | −0.002 (0.85) | 461.452* (0.00) |
Japan | 0.005 (0.82) | −0.007 (0.65) | 255.404* (0.00) |
Pakistan | 0.0755* (0.00) | 0.111* (0.00) | 384.369* (0.00) |
Sri Lanka | 0.046* (0.00) | 0.223* (0.00) | 354.024* (0.00) |
Exchange rates | |||
China | −0.009* (0.00) | −0.165* (0.00) | 42.029* (0.00) |
India | 0.009 (0.20) | 4.19E-05 (0.99) | 199.512* (0.00) |
Hong Kong | 3.05E-05 (0.96) | −0.221* (0.00) | 1212.189* (0.00) |
Japan | −0.001 (0.89) | 0.084* (0.00) | 37.534* (0.00) |
Pakistan | 0.025 (0.09) | −0.401* (0.00) | 378.305* (0.00) |
Sri Lanka | 0.022** (0.01) | −0.349* (0.00) | 497.900* (0.00) |