Table 2.
Average connectedness matrix.
| Brazil | China | India | Indonesia | Mexico | Russia | Turkey | GPR | FROM | |
|---|---|---|---|---|---|---|---|---|---|
| Brazil | 54.89 | 1.29 | 6.77 | 6.21 | 23.35 | 0.48 | 3.2 | 3.81 | 45.11 |
| China | 1.22 | 84.26 | 2.55 | 1.32 | 0.51 | 3.01 | 1.18 | 5.95 | 15.74 |
| India | 5.89 | 1.31 | 47.29 | 11.88 | 18.58 | 3.83 | 11 | 0.21 | 52.71 |
| Indonesia | 7.1 | 0.5 | 15.74 | 61.13 | 10.63 | 0.32 | 3.11 | 1.46 | 38.87 |
| Mexico | 19.34 | 0.7 | 17.79 | 7.38 | 46.27 | 2.16 | 4.99 | 1.37 | 53.73 |
| Russia | 0.5 | 2.6 | 5.76 | 0.15 | 1.91 | 81.58 | 2.23 | 5.26 | 18.42 |
| Turkey | 3.48 | 0.58 | 15.71 | 3.26 | 7.17 | 1.97 | 67.25 | 0.58 | 32.75 |
| GPR | 0.53 | 0.34 | 0.11 | 0.99 | 0.62 | 0.12 | 0.26 | 97.02 | 2.98 |
| TO | 38.06 | 7.33 | 64.45 | 31.19 | 62.78 | 11.88 | 25.98 | 18.64 | 260.31 |
| Inc. Own | 92.94 | 91.59 | 111.73 | 92.32 | 109.05 | 93.47 | 93.22 | 115.67 | TCI |
| NET | −7.06 | −8.41 | 11.73 | −7.68 | 9.05 | −6.53 | −6.78 | 15.67 | 32.54 |
Notes: This table presents the average connectedness between E7 stocks and GPR over the period between July 2021 to July 2022.