From: Income inequality and financial crises: evidence from the bootstrap rolling window
Countries | Statistics | lnCRE | ∆lnCRE | INE | ∆INE |
---|---|---|---|---|---|
Australia | \( {MZ}_a^{GLS} \) | − 17.878 [− 31.667] | − 35.940 [− 28.679] | −11.593 [− 28.655] | −35.401 [− 28.098] |
\( {MZ}_t^{GLS} \) | − 2.911 [− 3.963] | − 4.223 [− 3.734] | − 2.341 [− 3.737] | − 4.193 [− 3.742] | |
Break Dates | 1930,1947,1983 | 1929,1945,1983 | |||
Canada | \( {MZ}_a^{GLS} \) | −12.710 [− 34.937] | −42.636 [− 36.251] | −14.081 [− 23.071] | − 35.105 [− 24.111] |
\( {MZ}_t^{GLS} \) | − 2.483 [− 4.162] | −4.607 [− 4.237] | −2.605 [− 3.297] | −4.183 [− 3.482] | |
Break Dates | 1929,1943,1981 | 1930,1991,2000 | |||
Denmark | \( {MZ}_a^{GLS} \) | −5.448 [−27.254] | − 30.996 [− 21.022] | −16.781 [− 36.05] | − 44.140 [− 35.495] |
\( {MZ}_t^{GLS} \) | −1.596 [− 3.624] | − 3.922 [− 3.148] | − 2.874 [− 4.217] | − 4.691 [− 4.188] | |
Break Dates | 1939,1961,2004 | 1939,1957,1973 | |||
Finland | \( {MZ}_a^{GLS} \) | −11.497 [− 31.340] | − 35.755 [− 29.598] | − 12.177 [− 28.966] | − 41.615 [− 31.887] |
\( {MZ}_t^{GLS} \) | −2.388 [− 3.946] | −4.288 [− 3.798] | −2.467 [− 3.798] | −4.560 [− 3.983] | |
Break Dates | 1931,1948,1990 | 1948,1974,1992 | |||
France | \( {MZ}_a^{GLS} \) | −30.471 [− 34.781] | − 42.743 [− 31.880] | −24.119 [− 29.038] | −40.190 [− 28.893] |
\( {MZ}_t^{GLS} \) | −3.902 [− 4.148] | − 4.622 [− 3.954] | −3.463 [− 3.763] | −4.481 [− 3.754] | |
Break Dates | 1936,1945,1975 | 1936,1945,1957 | |||
United Kingdom | \( {MZ}_a^{GLS} \) | −9.933 [− 34.429] | −35.389 [− 34.846] | −15.329 [− 35.391] | − 44.910 [− 26.218] |
\( {MZ}_t^{GLS} \) | −2.228 [− 4.130] | − 4.206 [− 4.157] | −2.760 [− 4.189] | −4.734 [− 3.613] | |
Break Dates | 1957,1991,2007 | 1973,1987,2007 | |||
Japan | \( {MZ}_a^{GLS} \) | −20.339 [− 33.682] | − 45.873 [− 34.538] | −18.930 [− 31.658] | −44.494 [− 26.113] |
\( {MZ}_t^{GLS} \) | −3.171 [− 4.100] | − 4.789 [− 4.143] | −3.057 [− 3.965] | −4.702 [− 3.604] | |
Break Dates | 1944,1973,1993 | 1904,1944,1990 | |||
Norway | \( {MZ}_a^{GLS} \) | −16.273 [− 31.843] | − 45.689 [− 32.505] | − 26.609 [− 32.709] | −39.852 [− 32.009] |
\( {MZ}_t^{GLS} \) | −2.846 [− 3.980] | − 4.779 [− 4.020] | −3.631 [− 4.026] | − 4.463 [− 3.983] | |
Break Dates | 1980,1987,2007 | 1991,1998,2007 | |||
Sweden | \( {MZ}_a^{GLS} \) | −8.636 [−32.118] | −37.404 [− 33.631] | −12.943 [− 33.640] | − 42.480 [− 35.990] |
\( {MZ}_t^{GLS} \) | −2.077 [− 3.998] | − 4.322 [− 4.083] | −2.525 [− 4.088] | −4.588 [− 4.226] | |
Break Dates | 1951,1979,1992 | 1975,1982,2000 | |||
United States | \( {MZ}_a^{GLS} \) | −15.204 [− 35.371] | −32.854 [− 31.474] | −14.692 [− 33.262] | −38.395 [− 32.467] |
\( {MZ}_t^{GLS} \) | −2.696 [− 4.180] | −4.016 [− 3.963] | −2.652 [− 4.049] | −4.377 [− 4.019] | |
Break Dates | 1929,1942,1965 | 1929,1946,1984 |