Financial Innovation

Table 10 ARDL results with pandemic intensity (X_Pandemic) as a regressor

From: Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?

Variable	Dependent variable *LnZ*₁
	Long run		Short run
	Coeff	t-value	Coeff	t-value
ECT			− 0.35*	− 1.62
LnVIX	− 0.14	− 1.03	0.07*	1.76
X_Pandemic	1.42*	1.94	− 0.18	− 0.90
Constant			8.36	1.64
∆LnZ_1t−1			− 0.53***	− 2.78
R²	0.73		0.73
F Stat	3.28
Cointegration	NO

Notes: *** and * indicate significant at 1% and 10% significance levels

Back to article page