| Variables | 21.3% Increase in Government Expenditure | Variables | 21.3% Increase in Government Expenditure |
| Out of Sample | Out of Sample | ||
| PI | 6.54 | XS | 4.00 |
| PC | 4.63 | M | 3.89 |
| YO | 2.95 | GRVN | 2.26 |
| YA | 3.03 | GRVO | 3.45 |
| YM | 2.59 | EXR | 2.03 |
| YS | 3.51 | RES | 5.73 |
| XO | 4.08 | Y | 3.49 |
| XA | 4.59 | INF | −0.13 |
| XM | 1.55 | YA | 3.03 |
| IEP | 1.00 | UEMP | 0.71 |