17
Table 2 - The fundamental determinants of the intensity of capital controls in the EU
(i-iEuro)i,t.i |
DEPi |
INFi |
M2i |
DEFi |
DEBTi |
UNi |
CAi |
INF TAXi |
SEIGNi |
M2Mli |
CREDITi |
OPENi |
PRODi |
F |
R2 | |||
A |
_ See |
-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 |
-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 |
0.548** (0.055) |
2.66 |
105.25 |
0.33 | |||||||||||||
D |
See |
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 |
0.400 |
-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 |
0.397" (0.059) |
-0.153" (0.032) |
-0.103* (0.043) |
2.31 |
52.04 |
0.41 |
ʌ: ζi___________________________________________ |
B: ζi_______________________________________________________ |
c-∙ ζi_______________________________________________________________ |
P: ζi_____________________________________________ |
E: ζi | ||||||
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. Insurance within the firm2. Analyzing the Agricultural Trade Impacts of the Canada-Chile Free Trade Agreement
3. ¿Por qué se privatizan servicios en los municipios (pequeños)? Evidencia empírica sobre residuos sólidos y agua.
4. Multimedia as a Cognitive Tool
5. Survey of Literature on Covered and Uncovered Interest Parities
6. The value-added of primary schools: what is it really measuring?
7. GROWTH, UNEMPLOYMENT AND THE WAGE SETTING PROCESS.
8. Keynesian Dynamics and the Wage-Price Spiral:Estimating a Baseline Disequilibrium Approach
9. Indirect Effects of Pesticide Regulation and the Food Quality Protection Act
10. The constitution and evolution of the stars