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Financial Innovation
Fig. 3 | Financial Innovation

Fig. 3

From: Asymmetric relationship between global and national factors and domestic food prices: evidence from Turkey with novel nonlinear approaches

Fig. 3

The WC Results. Notes: The vertical axis shows the frequencies, while the horizontal axis shows time. The black cone shows the influence area. The warmer colors show a higher degree of dependence between the two variables. 0–8 scale shows short term, 8–16 scale shows medium-term, 16–32 scale shows long-term, and 32–64 scale shows very long term. 0–0.4 shows low-frequency, 0.4–0.6 shows medium-frequency, 0.6–1.0 shows high-frequency. Left arrows show a negative correlation while right arrows show a positive correlation. Right-down and left-up arrows show that the first variable causes the second variable. Also, right-up and left-down arrows show that the second variable causes the first variable

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