Table 8 Robustness test.
Variable | h_LNER | h_LNPI | h_LNCCE |
|---|---|---|---|
Robustness Test-1 | |||
L1.h_LNER | 0.560*** | 0.354*** | 0.185*** |
L2.h_LNER | 0.237*** | 0.294*** | 0.123*** |
L1.h_LNPI | –0.055*** | 0.390*** | –0.099*** |
L2.h_LNPI | –0.223*** | 0.166*** | –0.047*** |
L1.h_LNCCE | –0.007 | –0.240*** | 0.696*** |
L2.h_LNCCE | –0.006 | –0.041*** | –0.019** |
Variable | h_LNER | h_LNGTI | h_LNCE |
|---|---|---|---|
Robustness Test-2 | |||
L1.h_LNER | 0.675*** | –0.137*** | 0.198*** |
L2.h_LNER | 0.278*** | –0.053* | 0.105*** |
L1.h_LNGTI | –0.107*** | 0.204*** | –0.135*** |
L2.h_LNGTI | –0.056*** | 0.097*** | –0.095*** |
L1.h_LNCE | 0.032 | –0.087*** | 0.791*** |
L2.h_LNCE | –0.002 | –0.006 | –0.000 |