KOREA | 0.0143 | 0.0955 | −0.2688 | 4.1409 | 4.4410 | 0.0590 | 0.0220 | 0.2310 |
MALAYSIA | 0.0134 | 0.0559 | −0.4859 | 4.2220 | 6.8045 | 0.2630 | 0.1810 | 0.2150 |
MEXICO | 0.0158 | 0.0771 | −1.1238 | 6.2245 | 43.1284 | 0.2360 | 0.0780 | 0.1740 |
PERU | 0.0312 | 0.1070 | −0.6491 | 4.3210 | 9.5759 | −0.0960 | 0.0890 | 0.1490 |
PHILIPPINES | 0.0154 | 0.0758 | −0.4839 | 4.3512 | 7.7116 | 0.0510 | 0.1300 | 0.0590 |
POLAND | 0.0124 | 0.1099 | −0.4461 | 3.7311 | 3.7141 | 0.1200 | −0.0610 | 0.2030 |
QATAR | 0.0017 | 0.1017 | −0.0975 | 3.3908 | 0.5246 | 0.0910 | 0.0420 | 0.0960 |
SOUTH AFRICA | 0.0166 | 0.0876 | −0.4322 | 3.1125 | 2.1210 | 0.1000 | −0.0560 | 0.0610 |
TAIWAN | 0.0077 | 0.0797 | −0.1685 | 2.8349 | 0.3930 | 0.1690 | 0.1660 | 0.0520 |
THAILAND | 0.0150 | 0.0844 | −0.8535 | 5.6772 | 28.1439 | 0.2070 | −0.0820 | 0.2210 |
TURKEY | 0.0184 | 0.1253 | −0.4244 | 3.2808 | 2.2316 | 0.0060 | 0.0570 | 0.1050 |
RUSSIA | 0.0152 | 0.1128 | −0.4496 | 3.9977 | 4.9605 | 0.3650 | 0.2570 | 0.1390 |
Frontier Countries | ||||||||
Countries | M.R. | S.D. | SKEWNESS | KURTOSIS | J.B. Stat. | Autocorrelations | ||
L1 | L2 | L3 | ||||||
ARGENTINA | 0.0209 | 0.1132 | −0.8731 | 5.3497 | 23.9262 | 0.2470 | 5.4944 | 0.1310 |
BANGLADESH | 0.0266 | 0.0503 | 1.7629 | 6.0868 | 11.8947 | −0.2270 | −0.3300 | 0.0810 |
BULGARIA | −0.0098 | 0.1113 | −1.3573 | 7.2905 | 71.9619 | 0.4190 | 0.1160 | 0.2920 |
LATVIA | 0.0023 | 0.0820 | −0.6509 | 4.0057 | 7.5547 | 0.3390 | 0.1940 | 0.2240 |
Lithuania | −0.0133 | 0.1818 | −0.6606 | 7.8522 | 30.5578 | 0.2300 | 0.2230 | 0.0880 |
MOROCCO | 0.0155 | 0.0690 | 0.0467 | 3.8425 | 2.0057 | 0.0310 | 0.2380 | 0.0760 |
PAKISTAN | 0.0052 | 0.1067 | −1.7339 | 9.6333 | 156.4089 | 0.1670 | −0.0850 | −0.0460 |
ROMANIA | 0.0102 | 0.1518 | −0.5345 | 4.6349 | 9.6982 | 0.2090 | −0.0670 | 0.0640 |
SRI LANKA | 0.0172 | 0.1175 | 1.9441 | 11.1557 | 227.8945 | 0.1710 | 0.1660 | −0.0380 |
UKRAINE | −0.0104 | 0.1392 | −0.0532 | 3.9075 | 1.9133 | 0.3920 | 0.0930 | 0.1080 |
VIETNAM | 0.0110 | 0.1593 | 0.8919 | 4.3338 | 10.1289 | 0.3400 | −0.1930 | −0.1460 |
Panel B: Post Crisis Descriptive Statistics | ||||||||
Developed Countries | ||||||||
Countries | MEAN | STD. DEV | SKEWNESS | KURTOSIS | J.B. Stat. | Autocorrelations | ||
L1 | L2 | L3 | ||||||
AUSTRIA | −0.0058 | 0.0718 | −0.5346 | 3.6281 | 4.1646 | 0.0410 | −0.0020 | −0.0130 |
AUSTRALIA | −0.0009 | 0.0606 | −0.0658 | 3.8997 | 2.2391 | −0.1630 | −0.0140 | −0.0560 |
BELGIUM | 0.0088 | 0.0475 | 0.0475 | 2.6273 | 0.4007 | −0.0950 | 0.0070 | −0.0500 |
CANADA | −0.0026 | 0.0459 | −0.2416 | 3.4402 | 1.1570 | −0.0730 | 0.0970 | −0.1130 |
DENMARK | 0.0100 | 0.0521 | −0.0488 | 3.8759 | 2.1037 | 0.0710 | −0.0450 | −0.0020 |
FINLAND | 0.0004 | 0.0622 | −0.1776 | 3.7112 | 1.7116 | 0.0250 | 0.0100 | 0.0020 |
FRANCE | 0.0017 | 0.0552 | −0.2191 | 2.8419 | 0.5878 | −0.0860 | 0.0100 | 0.0400 |
GERMANY | 0.0029 | 0.0617 | −0.3412 | 3.7229 | 2.6760 | 0.0100 | −0.2100 | 0.0610 |
HONG KONG | 0.0024 | 0.0547 | −0.4752 | 3.7950 | 4.1584 | −0.1680 | −0.0900 | 0.1240 |
IRELAND | 0.0108 | 0.0563 | 0.4493 | 3.4553 | 2.7486 | −0.1850 | 0.0790 | 0.0170 |