Table 5 Results of variance decomposition of LNGF, LNGDP, LNL, and LNSP.

From: Economic effect of the golf simulation industry in Korea: an analysis based on the SVAR model

Period

Variance decomposition of LNGF

Variance decomposition of LNGDP

LNGF

LNGDP

LNL

LNSP

LNGF

LNGDP

LNL

LNSP

1

100.0

0.000

0.000

0.000

35.158

64.842

0.000

0.000

2

94.92

0.044

0.551

4.483

33.632

61.693

4.137

0.538

3

94.32

0.464

0.613

4.606

32.917

59.188

6.388

1.507

4

94.15

0.464

0.741

4.641

32.767

58.401

7.074

1.759

5

94.05

0.463

0.817

4.670

32.716

57.971

7.442

1.870

6

94.00

0.463

0.855

4.681

32.698

57.733

7.630

1.939

7

93.97

0.463

0.876

4.687

32.689

57.613

7.724

1.974

8

93.96

0.463

0.886

4.690

32.685

57.552

7.772

1.991

9

93.95

0.463

0.892

4.691

32.683

57.520

7.796

2.000

10

93.95

0.463

0.895

4.692

32.682

57.504

7.809

2.005

Period

Variance decomposition of LNL

Variance decomposition of LNSP

LNGF

LNGDP

LNL

LNSP

LNGF

LNGDP

LNL

LNSP

1

6.8489

43.669

49.482

0.0000

23.142

40.783

5.2389

30.835

2

14.054

30.527

46.431

8.9885

27.666

35.734

6.7932

29.807

3

14.830

28.603

46.978

9.5890

26.663

34.765

9.7096

28.862

4

15.376

27.437

47.298

9.8890

26.557

34.167

10.515

28.762

5

15.670

26.848

47.398

10.084

26.538

33.891

10.905

28.666

6

15.810

26.564

47.453

10.173

26.543

33.732

11.108

28.617

7

15.882

26.420

47.480

10.218

26.548

33.650

11.209

28.593

8

15.919

26.346

47.494

10.241

26.551

33.609

11.260

28.580

9

15.937

26.308

47.502

10.253

26.552

33.587

11.287

28.574

10

15.947

26.289

47.505

10.259

26.553

33.576

11.300

28.570

  1. Cholesky ordering: LNGF, LNGDP, LNL and LNSP.