Table 5.
Estimates of variance decomposition analysis.
| Variance Decomposition of EG | |||||||
|---|---|---|---|---|---|---|---|
| Period | S.E. | EG | CD | HE | PD | PI | COVID19 |
| 1 | 661.4232 | 100 | 0 | 0 | 0 | 0 | 0 |
| 2 | 1146.290 | 99.92667 | 0.004701 | 0.018621 | 0.047920 | 0.000207 | 0.001877 |
| 3 | 1559.437 | 99.77324 | 0.007921 | 0.034245 | 0.183325 | 0.000188 | 0.001077 |
| 4 | 1918.675 | 99.51542 | 0.009656 | 0.047816 | 0.423457 | 0.000125 | 0.003526 |
| 5 | 2239.830 | 99.13375 | 0.010577 | 0.060470 | 0.784880 | 0.000123 | 0.010200 |
| 6 | 2534.635 | 98.61151 | 0.011053 | 0.072778 | 1.283943 | 0.000217 | 0.020505 |
| 7 | 2811.503 | 97.93266 | 0.011279 | 0.084981 | 1.937372 | 0.000405 | 0.033302 |
| 8 | 3076.592 | 97.08100 | 0.011362 | 0.097138 | 2.762534 | 0.000672 | 0.047295 |
| 9 | 3334.626 | 96.03983 | 0.011362 | 0.109202 | 3.777410 | 0.000989 | 0.061207 |
| 10 | 3589.456 | 94.79214 | 0.011314 | 0.121056 | 5.000302 | 0.001326 | 0.073867 |