Table 2.

Estimating model indicators

Parameters	Prior mean	Prior distribution	References	Posterior mean	HPD interval	Standard deviation
$\beta$	0.96	Beta	[1]	0.973	0.948–0.993	0.018
$\alpha$	0.412	Beta	[2]	0.749	0.602–0.881	0.1
${\psi }_s$	0.302	Gamma	[3]	0.221	0.152–0.294	0.05
$\upsilon$	5.46	Gamma	[4]	3.675	2.44–4.984	1.00
oop	0.6	Beta	[3]	0.642	0.462–0.817	0.1
${\delta }^s$	0.08	Beta	[5]	0.096	0.076–0.117	0.01
$\varphi$	0.27	Beta	[5]	0.281	0.188–0.377	0.05
${\rho }_A$	0.75	Beta	[6]	0.55	0.48–0.619	0.1
${\rho }_{R^{\mathit{oil}}}$	0.798	Beta	[3]	0.735	0.664–0.802	0.1
${\rho }_G$	0.8	Beta	[6]	0.748	0.618–0.871	0.1
${\rho }_{X^{\mathit{sg}}}$	0.35	Beta	[3]	0.296	0147–0.446	0.1
${\epsilon }_t^A$	0.07	Invg	[3]	0.053	0.0431–0.0652	0.01
${\epsilon }_t^z$	0.07	Invg	[3]	0.07	0.051–0.09	0.01
${\epsilon }_t^{R^{\mathit{oil}}}$	0.07	Invg	[3]	0.072	0.061–0.083	0.01
${\epsilon }_t^G$	0.07	Invg	[3]	0.0396	0.034–0.044	0.01
${\epsilon }_t^{X^{\mathit{sg}}}$	0.07	Invg	[3]	0.056	0.045–0.068	0.01

[1] Bahrami and Aslani (2011); [2] Rahmani, Samadi, and Bakhshi Dastjerdi (2021); [3] Research Assumption; [4] Yagihashi and Du (2015); [5] Yang et al. (2020); [6] Hosseini and Asgharpur (2021)