Table 5: Cyclicality of capital gains on domestic bond market
Dependent Variable | |
Domestic _____________________Currency |
US Dollar |
____________________________________(1)___________ |
(2) ~ |
Australia |
Real rate of -0.52 (1.33) (0.64) (0.83)* (0.79)** (0.62)** (0.40)* (0.72)* |
Real rate of -0.69 (2.76) (2.01) (2.24) (1.29) (2.51) (1.34) (2.39)* |
Austria | ||
Canada | ||
Denmark | ||
France | ||
Germany | ||
Italy | ||
Japan Netherlands | ||
Sweden | ||
Switzerland | ||
(2.01)* |
(3.29) | |
UK |
-0.79 |
2.88 |
(0.66) |
(2.16) | |
US |
-1.11 |
-1.11 |
(0.53)** |
(0.53)** |
Notes:
The explanatory variable is the real GDP growth rate. See text for definitions of all
variables. Estimation by generalised least squares with AR(1) correlated disturbances and
robust standard errors (in parentheses). Time period 1984 — 2004. Data availability varies
by country. ***, **, * denote significance at the 1, 5 and 10 percent levels respectively.
Full regression outputs are available upon request.
17
More intriguing information
1. The name is absent2. Segmentación en la era de la globalización: ¿Cómo encontrar un segmento nuevo de mercado?
3. A parametric approach to the estimation of cointegration vectors in panel data
4. The name is absent
5. The Impact of Financial Openness on Economic Integration: Evidence from the Europe and the Cis
6. Valuing Farm Financial Information
7. FDI Implications of Recent European Court of Justice Decision on Corporation Tax Matters
8. Beyond Networks? A brief response to ‘Which networks matter in education governance?’
9. APPLICATIONS OF DUALITY THEORY TO AGRICULTURE
10. Knowledge and Learning in Complex Urban Renewal Projects; Towards a Process Design