Agricultural and Food Economics

Table 12 Estimation results of panel data analysis with full-country selection

From: Examining the determinants of global and local price passthrough in cereal markets: evidence from DCC-GJR-GARCH and panel analyses

Dependent variable	Independent variable
Dependent variable	DCC^W	DCC^M	DCC^R
SSR	− 0.006^b	− 0.021^b	− 0.002
SSR	(− 5.91)	(− 6.14)	(− 1.13)
WC	−	− 0.129^a	0.029
WC	–	(− 2.93)	(0.576)
MC	− 0.05^a	–	0.050
MC	(− 2.14)	–	(1.29)
RC	0.014	− 0.126^b	–
RC	(0.47)	(− 3.33)	–
Constant	− 0.065^b	0.171^b	0.090^b
Constant	(− 11.06)	(14.29)	(4.48)
Observations	128	208	208

^a and ^b indicate statistical significance at the 5% and 1% levels, respectively. z-statistics in parentheses

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