Table 2 Summary statistics of the series
From: Asymmetric evidence of foreign direct investment response to stock returns in Nigeria
Statistics | LNFDI | LNGDP | LNEXR | Stock returns | Positive stock returns | Negative stock returns |
|---|---|---|---|---|---|---|
Mean | 7.68 | 29.60 | 3.81 | 1.48 | 5.32 | 3.28 |
Median | 7.67 | 29.74 | 4.72 | 1.60 | 6.32 | 0.00 |
Maximum | 9.12 | 32.44 | 5.74 | 33.00 | 11.08 | 11.05 |
Minimum | 5.09 | 25.92 | − 0.17 | − 36.58 | 0.00 | 0.00 |
Std. dev | 0.95 | 2.07 | 1.53 | 6.12 | 4.27 | 4.54 |
Skewness | − 0.51 | − 0.34 | − 0.89 | − 0.55 | − 0.23 | 0.72 |
Kurtosis | 2.97 | 1.80 | 2.81 | 10.10 | 1.39 | 1.61 |
Jarque–Bera | 17.33 | 31.23 | 53.01 | 850.57 | 46.15 | 66.07 |
Probability | 0.00*** | 0.00*** | 0.00*** | 0.00*** | 0.00*** | 0.00*** |
Sum | 3032.95 | 11,693.41 | 1506.45 | 583.95 | 2102.16 | 1295.34 |
Sum Sq. dev | 354.05 | 1683.45 | 918.32 | 14,746.35 | 7173.54 | 8119.01 |
Observations | 395 | 395 | 395 | 395 | 395 | 395 |