Gumbel

Kuwait

Qatar

Saudi

UAE

Bahrain

Oman

−1.0262

−0.9277

1.1383

1.4772

1.0115^***

1.0475^***

(−1.222)

(−1.186)

(1.462)

(1.433)

(3.751)

(4.132)

0.0172

0.2331

1.2331

−0.0032

−1.0565^***

−1.0595^***

(1.006)

(1.2560)

(1.012)

(−0.742)

(−5.573)

(−5.342)

0.0022

−0.1347

0.0033

0.0081

1.0734^***

1.0778^***

(0.876)

(−1.001)

(0.544)

(0.008)

(3.259)

(3.776)

1.0270^**

1.1706^***

−1.5095

−1.2530^**

0.7296^***

0.5892^***

(2.325)

(3.431)

(−1.509)

(−2.220)

(3.956)

(3.498)

−0.5848

−0.2424

0.3808^*

−0.8928^***

1.7593^***

−0.3538^***

(−1.388)

(−0.989)

(−1.876)

(−3.330)

(3.567)

(−3.643)

(0)

(0)

(0)

(0)

−2.4893

−6.5129

−11.6831

−15.3473

−17.1689

−14.0013

−4.9755

−13.0228

−23.3631

−30.6914

−34.3369

−27.9994

−4.9669

−13.0142

−23.3544

−30.6828

−34.3299

−27.9887