Table 9.

Robustness analysis.

	γ1	ω1	β1	γ2	ω2	Β2
Gold Prices	0.1338	0.3581	−0.0211	−0.0096	0.1816	0.5487
α1	0.4881	0.2832	−0.0555	0.2627	0.7408	0.1421
Oil Prices	2.2505	−0.1251	0.4413	0.4372	−0.0131	−0.0922
α2	0.4042	0.3064	0.1647	0.2243	−0.0372	0.5359
Stock Prices	0.4213	−0.0634	0.1562	−0.0131	−0.0943	−0.0088