Method
|
\(\rho \)
|
\(\beta _0\)
|
\(\beta _1\)
|
\(\beta _2\)
|
\(\sigma \)
|
\(D(\beta _1)\)
|
\(M(\beta _1)\)
|
\(T(\beta _1)\)
|
---|
Scenario A
|
NCM
|
4.78
|
10.40
|
2.29
|
3.85
|
4.20
|
2.43
|
9.57
|
5.22
|
(\(-\) 0.40)
|
(\(-\) 0.70)
|
(-0.11)
|
(-0.15)
|
(-0.59)
|
(-0.14)
|
(-0.46)
|
(-0.28)
|
DME
|
23.74
|
24.58
|
3.99
|
6.16
|
25.41
|
4.59
|
37.50
|
18.81
|
(\(-\) 22.25)
|
(\(-\) 17.98)
|
(0.68)
|
(0.28)
|
(24.09)
|
(\(-\) 2.57)
|
(\(-\) 36.00)
|
(\(-\) 17.89)
|
PDM
|
83.95
|
39.36
|
4.13
|
5.88
|
40.72
|
4.11
|
49.03
|
23.78
|
(\(-\) 83.89)
|
(\(-\) 34.71)
|
(2.00)
|
(\(-\) 0.02)
|
(39.54)
|
(\(-\) 1.67)
|
(\(-\) 43.44)
|
(\(-\) 20.82)
|
SPDM
|
29.67
|
30.19
|
3.80
|
5.80
|
25.70
|
3.97
|
48.34
|
23.10
|
(\(-\) 28.50)
|
(\(-\) 24.85)
|
(0.74)
|
(0.82)
|
(24.23)
|
(\(-\) 1.33)
|
(\(-\) 47.44)
|
\(-\) 22.46
|
CIP
|
33.01
|
27.50
|
3.14
|
4.57
|
44.09
|
3.77
|
47.87
|
23.46
|
(\(-\) 32.11)
|
(\(-\) 23.75)
|
(1.48)
|
(1.36)
|
(43.36)
|
(\(-\) 2.61)
|
(\(-\) 47.06)
|
(\(-\) 22.98)
|
Scenario B
|
NCM
|
9.84
|
9.93
|
2.17
|
3.50
|
4.51
|
2.20
|
13.81
|
4.63
|
(\(-\) 0.19)
|
(\(-\) 0.63)
|
(\(-\) 0.05)
|
(\(-\) 0.23)
|
(\(-\) 0.85)
|
(\(-\) 0.03)
|
(0.22)
|
(0.04)
|
DME
|
29.15
|
17.39
|
3.18
|
5.01
|
9.79
|
3.42
|
36.19
|
11.44
|
(\(-\) 25.81)
|
(\(-\) 9.36)
|
(\(-\) 0.22)
|
(0.06)
|
(7.32)
|
(\(-\) 1.27)
|
(\(-\) 32.69)
|
(\(-\) 10.08)
|
PDM
|
84.15
|
20.88
|
3.06
|
4.87
|
12.89
|
3.35
|
49.32
|
15.05
|
(\(-\) 84.05)
|
(\(-\) 14.62)
|
(0.00)
|
(\(-\) 0.23)
|
(10.99)
|
(\(-\) 1.16)
|
(\(-\) 45.28)
|
(\(-\) 13.53)
|
SPDM
|
36.51
|
19.10
|
3.00
|
4.84
|
9.71
|
3.19
|
47.20
|
14.26
|
(\(-\) 34.22)
|
(\(-\) 12.70)
|
(\(-\) 0.18)
|
(0.38)
|
(7.33)
|
(\(-\) 0.96)
|
(\(-\) 45.38)
|
(\(-\) 13.42)
|
CIP
|
38.88
|
17.78
|
2.26
|
3.62
|
14.22
|
2.71
|
46.52
|
14.27
|
(\(-\) 36.64)
|
(\(-\) 13.23)
|
(\(-\) 0.19)
|
(\(-\) 0.18)
|
(13.07)
|
(\(-\) 1.50)
|
(\(-\) 44.43)
|
(\(-\) 13.54)
|
Scenario C
|
NCM
|
2.42
|
10.99
|
2.21
|
3.76
|
4.92
|
2.36
|
7.79
|
5.54
|
(\(-\) 0.34)
|
(\(-\) 0.93)
|
(\(-\) 0.20)
|
(\(-\) 0.13)
|
(\(-\) 0.86)
|
(\(-\) 0.33)
|
(\(-\) 0.91)
|
(\(-\) 0.70)
|
DME
|
17.58
|
42.81
|
4.86
|
8.64
|
58.44
|
7.08
|
43.65
|
30.03
|
(\(-\) 16.66)
|
(\(-\) 33.12)
|
(2.04)
|
(1.03)
|
(56.86)
|
(\(-\) 5.79)
|
(\(-\) 42.98)
|
(\(-\) 29.48)
|
PDM
|
84.69
|
86.62
|
8.58
|
8.46
|
109.38
|
5.54
|
48.59
|
32.33
|
(\(-\) 84.66)
|
(\(-\) 81.77)
|
(7.35)
|
(2.63)
|
(108.13)
|
(\(-\) 2.27)
|
(\(-\) 40.87)
|
(\(-\) 26.86)
|
SPDM
|
22.30
|
51.97
|
5.29
|
7.21
|
59.68
|
4.53
|
51.00
|
33.02
|
(\(-\) 21.60)
|
(\(-\) 44.62)
|
(3.24)
|
(2.08)
|
(57.89)
|
(\(-\) 0.96)
|
(\(-\) 50.39)
|
(\(-\) 32.45)
|
CIP
|
28.41
|
49.80
|
6.70
|
7.43
|
110.29
|
5.39
|
53.90
|
36.01
|
(\(-\) 27.92)
|
(\(-\) 45.83)
|
(5.81)
|
(5.18)
|
(109.49)
|
(\(-\) 4.42)
|
(\(-\) 53.50)
|
(\(-\) 35.69)
|
Scenario D
|
NCM
|
6.35
|
14.79
|
3.30
|
4.97
|
4.87
|
3.30
|
12.12
|
6.51
|
(\(-\) 0.76)
|
(0.69)
|
(0.37)
|
(0.54)
|
(\(-\) 0.80)
|
(0.30)
|
(\(-\) 0.42)
|
(\(-\) 0.03)
|
DME
|
24.23
|
27.68
|
5.00
|
7.58
|
15.30
|
5.13
|
37.42
|
18.65
|
(\(-\) 21.96)
|
(\(-\) 16.14)
|
(1.15)
|
(1.23)
|
(13.30)
|
(\(-\) 2.06)
|
(\(-\) 35.01)
|
(\(-\) 17.16)
|
PDM
|
84.20
|
39.79
|
5.34
|
7.35
|
25.13
|
4.86
|
48.32
|
23.31
|
(\(-\) 84.14)
|
(\(-\) 31.45)
|
(2.56)
|
(0.82)
|
(23.89)
|
(\(-\) 1.18)
|
(\(-\) 42.58)
|
(\(-\) 20.15)
|
SPDM
|
30.77
|
31.76
|
4.79
|
7.48
|
16.03
|
4.60
|
48.73
|
23.08
|
(\(-\) 29.17)
|
(\(-\) 22.53)
|
(1.40)
|
(1.84)
|
(14.30)
|
(\(-\) 0.77)
|
(\(-\) 47.46)
|
(\(-\) 22.17)
|
CIP
|
34.08
|
29.41
|
4.20
|
6.01
|
27.21
|
4.12
|
48.42
|
23.50
|
(\(-\) 32.67)
|
(\(-\) 22.32)
|
(2.03)
|
(2.09)
|
(26.27)
|
(\(-\) 2.09)
|
(\(-\) 47.14)
|
(\(-\) 22.74)
|
- Direct (D), indirect (M) and total (T) impact estimates refer to the second regressor (whose coefficient is \(\beta _1\)). All values are multiplied by 100