Table 3: Cyclicality of capital gains on domestic financial market
Domestic Currency US Dollar FE No-FE FE No-FE (1) (2) (3) (4) | |
Real rate of capital |
7.58 4.95 6.46 4.39 (2.02)*** (1.77)*** (2.11)*** (1.64)*** |
Real rate of capital |
0.38 0.55 0.84 0.42 (0.29) (0.31)* (0.83) (0.62) |
Notes:
The explanatory variable is the cumulate real GDP growth rate; the dependent variables are the
cumulative real rates of returns and capital gains, respectively, over five years. See text for
definitions of all variables. Estimation by generalised least squares with AR(1) correlated
disturbances, heteroskedasticity robust standard errors (in parentheses) and involving country fixed
effects (1) and (3). ***, **, * denote significance at the 1, 5 and 10 percent levels respectively. Full
regression outputs are available upon request.
15
More intriguing information
1. Developmental Robots - A New Paradigm2. The name is absent
3. Inhimillinen pääoma ja palkat Suomessa: Paluu perusmalliin
4. Special and Differential Treatment in the WTO Agricultural Negotiations
5. Visual Artists Between Cultural Demand and Economic Subsistence. Empirical Findings From Berlin.
6. The name is absent
7. Implementation of Rule Based Algorithm for Sandhi-Vicheda Of Compound Hindi Words
8. How to do things without words: Infants, utterance-activity and distributed cognition.
9. The name is absent
10. Konjunkturprognostiker unter Panik: Kommentar