| Independent variables | 1992.01-2001.09 period | 2001.10-2016.12 period | ||||||
|---|---|---|---|---|---|---|---|---|
| Dependent variable | Dependent variable | |||||||
| RCp | CRp | RCf | CRf | RCp | CRp | RCf | CRf | |
| UCp(-1) | 0.919 | 0.795 | 0.950 | 0.553 | 0.445 | 0.446 | 0.613 | 0.339 |
| CUp(-1) | 0.673 | 0.807 | 0.626 | 0.728 | 0.236 | 0.263 | 0.856 | 0.538 |
| URp(-1) | 0.627 | 0.502 | 0.598 | 0.091 | 0.011*** | 0.011*** | 0.312 | 0.172* |
| RUp(-1) | 0.732 | 0.681 | 0.914 | 0.044*** | 0.007*** | 0.009*** | 0.277 | 0.163* |
| RCp(-1) | - | 0.601 | 0.911 | 0.119* | - | 0.845 | 0.745 | 0.799 |
| CRp(-1) | 0.480 | - | 0.971 | 0.415 | 0.696 | - | 0.851 | 0.603 |
| UCf(-1) | 0.006*** | 0.001*** | 0.973 | 0.608 | 0.514 | 0.661 | 0.581 | 0.777 |
| CUf(-1) | 0.004*** | 0.001*** | 0.614 | 0.602 | 0.303 | 0.398 | 0.359 | 0.195* |
| URf(-1) | 0.965 | 0.453 | 0.131* | 0.048*** | 0.062** | 0.153* | 0.028*** | 0.195* |
| RUf(-1) | 0.745 | 0.670 | 0.187* | 0.905 | 0.566 | 0.833 | 0.181* | 0.360 |
| RCf(-1) | 0.000*** | 0.000*** | - | 0.887 | 0.272 | 0.214 | - | 0.198* |
| CRf(-1) | 0.001*** | 0.000*** | 0.054** | - | 0.184* | 0.202 | 0.917 | - |
| R2 | 0.539 | 0.561 | 0.444 | 0.454 | 0.692 | 0.684 | 0.682 | 0.695 |
| Adj. R2 | 0.485 | 0.509 | 0.379 | 0.391 | 0.670 | 0.662 | 0.659 | 0.673 |
| F-statistic | 10.024 | 10.947 | 6.845 | 7.145 | 31.616 | 30.524 | 30.180 | 32.109 |