Dependent Variables | |||||||
Call Bid-Ask Spread | |||||||
Put Bid-Ask Spread | (8) | (9) | (10) | (11) | (12) | (13) | (14) |
Volume | |||||||
Open Interest | |||||||
Implied Volatility | |||||||
Independent Variables | |||||||
Unemployment (%) | 2.101969*** | ||||||
(0.3268943) | |||||||
Freedom from Corruption | −0.8063508* | ||||||
(0.1397484) | |||||||
Business Freedom | −1.069185* | ||||||
(0.5422312) | |||||||
Financial Freedom | −0.8867756* | ||||||
(0.4565407) | |||||||
Public Debt % Of GDP | 0.3305203* | ||||||
(0.1211476) | |||||||
GDP per capita | −0.0011759* | ||||||
(0.0006577) | |||||||
Property rights | −1.000618** | ||||||
(0.1824788) | |||||||
Constant | 102.8538** | −4.350308 | 95.47905*** | 74.01295*** | 76.43632** | −12.72088 | 59.05018* |
(49.3788) | (5.029552) | (16.77442) | (12.68622) | (33.72155) | (9.346081) | (28.22754) |