Table 6 Standard deviations and correlations between predicted output and observed output (1960–2017)
From: The relevance of domestic and foreign factors in driving Ghana’s business cycle
Standard Deviations | Correlations | ||||||
|---|---|---|---|---|---|---|---|
\(\sigma _{Y_{A}} / \sigma _{Y}\) | \(\sigma _{Y_{\tau _{l}}}\) / \(\sigma _{Y}\) | \(\sigma _{Y_{\tau _{x}}}\) / \(\sigma _{Y}\) | \(\sigma _{Y_{g}} / \sigma _{Y}\) | \(\rho _{Y_{A}, Y}\) | \(\rho _{Y_{\tau _{l}}, Y}\) | \(\rho _{Y_{\tau _{x}}, Y}\) | \(\rho _{Y_{g}, Y}\) |
0.58 | 0.91 | 1.38 | 2.42 | 0.95 | 0.080 | 0.19 | 0.14 |