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Table 7 The results of the augmented VAR estimation: Eq. (2)

From: Building stock market resilience through digital transformation: using Google trends to analyze the impact of COVID-19 pandemic

Variable Group 1 Variable Group 2 Variable Group 3
Gt11 −0.0029 Gt21 − 0.0040b Gt31 −0.0350c
Pt11 −0.1325 Pt21 −0.1430 Pt31 −0.2340
Ot11 0.0009 Ot21 0.0017c Ot31 0.0009
Gt12 0.0019c Gt22 0.0013 Gt32 0.0019
Pt12 0.2694 Pt22 0.3039 Pt32 0.2327
Ot12 −0.0001 Ot22 − 0.0000 Ot32 − 0.0000
Gt13 0.0003 Gt23 0.0016 Gt33 −0.0001
Pt13 0.2626 Pt23 0.2960c Pt33 −0.2918c
Ot13 −0.0019 Ot23 −0.2370c Ot33 0.0024
Gt14 −0.0004 Gt24 0.0002 Gt34 0.0004
Pt14 −0.2677 Pt24 −0.1994 Pt34 −0.0454
Ot14 0.0044a Ot24 0.0071b Ot34 0.0061a
Gt15 −0.0012 Gt25 −0.0015 Gt35 −0.0021c
Pt15 −0.0454c Pt25 −0.3344c Pt35 −0.3233c
Ot15 −0.0031c Ot25 −0.0033 Ot35 0.0028
Gt16 0.0013 Gt26 0.0016 Gt36 0.0033c
Pt16 −0.4094c Pt26 −0.4133c Pt36 −0.4564b
Ot16 0.0017 Ot26 0.0001 Ot36 0.0009
Gt17 0.0006 Gt27 0.0001 Gt37 −0.0002
Pt17 0.2309 Pt27 0.1574 Pt37 0.0640
Ot17 −0.0001 Ot27 0.0000 Ot37 −0.0006
  1. asignificant at 0.1% level; bsignificant at 1% level; csignificant at 5% level