Variance Decomposition of LNPRICE | ||||
Period | S.E | LMARKET | LNPRICE | LNVENUES |
1 | 0.138553 | 7.113 (2.902) | 92.886 (2.902) | 0.000 (0.000) |
2 | 0.189979 | 8.123 (3.701) | 82.199 (4.597) | 9.676 (2.762) |
3 | 0.228211 | 8.359 (4.321) | 75.364 (5.831) | 16.276 (4.148) |
4 | 0.260798 | 8.421 (4.692) | 71.736 (6.516) | 19.842 (4.863) |
5 | 0.290216 | 8.419 (4.954) | 69.459 (6.975) | 22.120 (5.334 |
6 | 0.317380 | 8.386 (5.175) | 67.808 (7.310) | 23.804 (5.684) |
7 | 0.342801 | 8.338 (5.385) | 66.518 (7.573) | 25.143 (5.962) |
8 | 0.366833 | 8.281 (5.597) | 65.464 (7.796) | 26.253 (6.195) |
9 | 0.389729 | 8.221 (5.816) | 64.573 (7.993) | 27.204 (6.398) |
10 | 0.411676 | 8.160 (6.043) | 63.800 (8.175) | 28.038 (6.583) |