Table 2. Descriptive statistics (actual data).
Variable | Mean | Std.Dev. | Min | Max |
---|---|---|---|---|
SP | 12080.67 | 8311.5 | 2423.87 | 48479 |
PU | 135.462 | 78.679 | 11.287 | 678.817 |
INF | 109.191 | 44.36 | 70.4 | 259.918 |
IP | 101.523 | 10.33 | 5.56 | 133.389 |
DS | 15.512 | 34.635 | -1.233 | 106.127 |
UE | 6.919 | 2.419 | 2.2 | 14.7 |
GDP | 99.963 | 1.711 | 74.833 | 103.18 |
Descriptive Statistics (Natural Log) | ||||
SP | 9.194 | 0.635 | 7.793 | 10.789 |
PU | 4.766 | 0.532 | 2.424 | 6.520 |
INF | 4.635 | 0.312 | 4.254 | 5.560 |
IP | 4.614 | 0.121 | 1.716 | 4.893 |
DS* | 15.512 | 34.635 | -1.233 | 106.127 |
UE* | 6.919 | 2.419 | 2.200 | 14.700 |
GDP | 4.605 | 0.018 | 4.315 | 4.636 |
Note: SP: Stock Price; PU: Economic Policy Uncertainty; INF: Inflation; IP: Industrial Production; DS: Default Spread; and GDP: Gross Domestic Product
*indicates that these variables are not transformed to natural log
Source: Based on authors’ estimation