Table 5 Long-run estimation results in OECD
Regressors | Symmetry | Asymmetry | ||
|---|---|---|---|---|
Brent | WTI | Brent | WTI | |
\(oil\) | −0.0042*** (0.0013) | −0.0088*** (0.0014) | ||
\({oil}^{+}\) | −0.0128*** (0.0013) | −0.0109*** (0.0014) | ||
\({oil}^{-}\) | −0.0162*** (0.0013) | −0.0145*** (0.0014) | ||
\(epu\) | −0.0183*** (0.0019) | −0.0185*** (0.0019) | −0.0168*** (0.0019) | −0.0183*** (0.0019) |
\(int\) | −0.0009* (0.0005) | −0.0009* (0.0005) | −0.0009* (0.0005) | −0.0009* (0.0005) |
\(unm\) | 0.0001 (0.0005) | 0.0001 (0.0005) | 0.0001 (0.0005) | 0.0001 (0.0005) |
\(c\) | 4.7098*** (0.0147) | 4.7256*** (0.0152) | 4.7418*** (0.0147) | 4.7436*** (0.0151) |
Diagnostics | ||||
Wald Chi-sq | 130.50*** [0.0000] | 116.51*** [0.0000] | 5807.81*** [0.0000] | 4562.75*** [0.0000] |
RMSE | 0.0100 | 0.0100 | 0.0099 | 0.0100 |
Obs | 6561 | 6561 | 6561 | 6561 |