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The COVID-19 Pandemic Effect on Risk and Return of Malaysian Tourism Industry

Table 10: The slope estimates equality statistical test throughout multiple quantiles

Quantile Return: χ 2 statistic (p value) Risk: χ 2 statistic (p value)
Panel a, Case impact 0.05 vs 0.95 0.019(0.000)*** 0.018(0.000)***
0.1 vs 0.9 0.096(0.000)*** 0.099(0.000)***
0.2 vs 0.8 0.072(0.000)*** 0.096(0.000)***
0.3 vs 0.5 0.035(0.000)*** 0.045(0.000)***
Panel b, Death impact 0.05 vs 0.95 0.094(0.000)*** 0.091(0.000)***
0.1 vs 0.9 0.045(0.000)*** 0.045(0.000)***
0.2 vs 0.8 0.037(0.000)*** 0.030(0.000)***
0.3 vs 0.5 0.030(0.000)*** 0.025(0.000)***
Panel c, Recover impacts 0.05 vs 0.95 0.048(0.000)*** 0.006(0.000)***
0.1 vs 0.9 0.032(0.000)*** 0.003(0.000)***
0.2 vs 0.8 0.020(0.000)*** 0.001(0.000)***
0.3 vs 0.5 0.035(0.000)*** 0.020(0.000)***
Panel d, Vaccine Progress 0.05 vs 0.95 0.048(0.000)* 0.032(0.000)***
0.1 vs 0.9 0.011(0.000)*** 0.016(0.000)***
0.2 vs 0.8 0.014(0.000)*** 0.050(0.000)***
0.3 vs 0.5 0.016(0.000)*** 0.023(0.000)***
Panel d, Stringency Index 0.05 vs 0.95 0.027(0.000)*** 0.058(0.000)***
0.1 vs 0.9 0.016(0.000)*** 0.023(0.000)***
0.2 vs 0.8 0.019(0.000)*** 0.089(0.000)***
0.3 vs 0.5 0.021(0.000)*** 0.031(0.000)***
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