Skip to main content

Table 5 Determination of the coefficient of each variable of VECM regressions

From: Bitcoin pricing: impact of attractiveness variables

VariableΔlnpreçot(1)Δlnbtct(2)Δlncrasht(3)
Coef.Pr(>|t|)Coef.Pr(>|t|)Coef.Pr(>|t|)
α1− 0.03*0.0210.09***0.000− 0.060.191
α2− 0.020.4830.09.0.061− 0.60***0.000
crisis0.09*0.0430.100.2150.150.373
Δlnpricet-10.34***0.0000.92***0.0000.96***0.000
Δlncrasht-1−0.06**0.001− 0.07.0.064− 0.19*0.019
Δlnbtct-10.07.0.061−0.050.475− 0.010.944
constant0.09**0.004−0.27***0.000−0.25*0.050
  1. significance level: ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘’ 1
  2. (1) Adj. R2 = 27.07% (2) Adj. R2 = 20.43% (3) Adj. R2 = 34.18%