Skip to main content
Financial Innovation

Table 1 Descriptive statistics and unit root tests

From: Bayesian analysis of time-varying interactions between stock returns and foreign equity flows

Variables

Mean

Median

SD

Jarque–Bera

ADF stats

PP stats

EPU

125.6682

115.4781

61.03046

203.6935*

− 6.0873*

− 5.987031*

NEF

0.048597

0.024622

0.33462

272.5904*

6.85734*

− 9.943895*

R

0.537039

0.793852

6.680249

24.10784*

14.5118*

− 14.52511*

  1. The asterisk * implies statistical significance at the 1% level. ADF and PP are abbreviations for the Augmented Dickey–Fuller test and Phillips–Perron test, respectively
Back to article page