The fundamental determinants of financial integration in the European Union

Table 2 - The fundamental determinants of the intensity of capital controls in the EU

		(i-i^Euro)i,_t.i	DEP_i	INF_i	M2_i	DEF_i	DEBT_i	UN_i	CA_i	INF TAX_i	SEIGN_i	M2Ml_i	CREDIT_i	OPEN_i	PROD_i		F	R²
A	_ See below.		-0.022 (0.017)	-0.205 (0.082)	0.003 (0.023)	-0.114* (0.060)	0.008 (0.013)	-0.001 (0.072)________	0.168* (0.073)	0.708 (0.554)	-0.210 (0.414)	0.584** (0.226)	-0.036 (0.021)	-0.033 (0.025)	0.092** (0.031)	2.58	9.93	0.35
B	See below.			-0.151" (0.050)		-0.098* (0.048)			0.150* (0.065)			0.487* (0.211)	-0.035** (0.011)		0.097** (0.024)	2.57	20.42	0.35
C	See below.	0.548** (0.055)														2.66	105.25	0.33
D	See below.	0.324" (0.063)	-0.019 (0.016)	-0.124 (0.079)	0.0008 (0.022)	-0.130* (0.048)	0.005 (0.056)	-0.0005 (0.068)	0.086 (0.070)	0.400 (0.525)	-0.096 (0.390)	0.465* (0.214)	-0.020 (0.020)	-0.033 (0.024)	0.059* (0.030)	2.28	12.41	0.43
E	See below.	0.397" (0.059)		-0.153" (0.032)		-0.103* (0.043)										2.31	52.04	0.41

	ʌ: ζ_i___________________________________________		B: ζ_i_______________________________________________________		c-∙ ζ_i_______________________________________________________________		P: ζ_i_____________________________________________		E: ζ_i
1	Netherlands	-4.533 (3.427)	Germany	-6.482 (2.042)"	Denmark	0.483 (0.366)	Netherlands	-2.396 (3.249)	Denmark	1.399 (0.429)"
2	Germany	-4.931 (2.566)	Spain	-7.192 (2.249)"	Austria	0.147 (0.366)	Belgium	-2.505 (3.497)	UK	0.776 (0.469)
3	Denmark	-5.030 (3.245)	Denmark	-7.205 (2.327)"	Netherlands	0.004 (0.365)	Denmark	-2.689 (3.085)	Spain	0.686 (0.507)
4	Belgium	-5.121 (3.679)_____________	UK_______	-7.254 (2.233)"______________	Germany	-0.080 (0.366)________________	Germany	-3.292 (2.434)_______________	Austria	0.628 (0.398)____________
5	Austria	-6.045 (3.203)	Netherlands	-7.470 (2.140)"	UK	-0.157 (0.367)	UK	-3.791 (2.757)	Germany	0.272 (0.385)
6	UK	-6.192 (2.890)*	Austria	-7.861 (2.276)"	Spain	-0.336 (0.381)	Austria	-3.824 (3.043)	Finland	0.240 (0.407)
7	Spain	-6.370 (2.987)*	France	-7.873 (2.174)"	Belgium	-0.349 (0.366)	Spain	-4.103 (2.843)	Netherlands	0.239 (0.408)
8	France	-6.455 (2.817)*____________	Italy	-8.645 (2.345)"______________	France	-0.610 (0.373)________________	France	-4.149 (2.686)_______________	Sweden	0.100 (0.416)____________
9	Sweden	-7.738 (3.081)*	Belgium	-8.714 (2.203)"	Italy	-0.659 (0.418)	Sweden	-4.778 (2.954)	France	0.051 (0.414)
10	Italy	-7.968 (3.042)*	Sweden	-9.560 (2.346)"	Sweden	-0.684 (0.380)	Finland	-5.208 (3.088)	Belgium	-0.422 (0.524)
11	Finland	-8.456 (3.214)"	Finland	-10.388 (2.456)**	Finland	-0.871 (0.382)*	Italy	-5.503 (2.900)	Italy	-0.543 (0.690)

σ∣ is the variance of the error terms in the model, F is the F-test of the explanatory power of the regression and R² is the coefficient of determination adjusted for degrees of freedom, denoting the explanatory power of the regression. For critical
values of the t- and the F-distribution, see Dougherty (1992, pp. 364-371).

Significantly different from zero at the 95 % level of confidence (two-tailed test).

Significantly different from zero at the 99 % level of confidence (two-tailed test).

Source: see Appendix B.

More intriguing information

1. The name is absent
2. Telecommuting and environmental policy - lessons from the Ecommute program
3. INTERPERSONAL RELATIONS AND GROUP PROCESSES
4. A Dynamic Model of Conflict and Cooperation
5. Investment and Interest Rate Policy in the Open Economy
6. Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement
7. The name is absent
8. Federal Tax-Transfer Policy and Intergovernmental Pre-Commitment
9. WP 48 - Population ageing in the Netherlands: Demographic and financial arguments for a balanced approach
10. NATURAL RESOURCE SUPPLY CONSTRAINTS AND REGIONAL ECONOMIC ANALYSIS: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH