Table 5 T-test
Variables | Mean of non-risk period | Standard deviation for non-risk periods | Mean of risk period | Standard deviation for risk periods | T-test and significance | P value | VIF |
|---|---|---|---|---|---|---|---|
DidYield | 0.04 | 0.02 | 0.04 | 0.02 | − 2.00** | 0.048 | 1.46 |
Credit | 64.12 | 31.78 | 80.92 | 37.05 | − 4.20*** | 0.000 | 1.57 |
CPI-Dif | 178.12 | 188.60 | 190.20 | 234.54 | − 0.48 | 0.633 | 1.58 |
Credit-Dif | 1.06 | 3.35 | 3.42 | 5.31 | − 4.17*** | 0.000 | 1.29 |
CreditCostGrowth | 8.51 | 19.01 | 17.52 | 17.65 | − 4.38*** | 0.000 | 1.36 |
NarrowMoney | 21.38 | 17.12 | 19.98 | 15.25 | 0.76 | 0.447 | 1.31 |
NetExport | − 0.96 | 5.06 | − 3.00 | 7.07 | 2.69*** | 0.008 | 1.25 |
FinancialConcentration | 19.87 | 10.18 | 16.72 | 11.11 | 2.82*** | 0.005 | 1.76 |
YieldCurveSlope | − 0.83 | 1.72 | 0.21 | 1.42 | − 5.58*** | 0.000 | 1.15 |
GlobalNetExport | − 1.48 | 2.49 | − 1.84 | 3.21 | 1.02 | 0.309 | 3.28 |