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An empirical analysis of freight rate and vessel price volatility transmission in global dry bulk shipping market

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Figure

Table 4 e Freight rate and vessel price volatility correlations in handymax sector.
Table 8 e Estimation results of tri-variate GARCH model (handymax). Independent variable h 11;t h 22;t h 33;t e 2 1;t1 0.0226* 0.0001 2.87E-03 e 1;t1 e 2;t1 0.0033 0.0064 1.86E-02 e 1;t1 e 3;t1 0.2323* 0.0015 2.47E-02* e 2 2;t1 1.1242 0.0868* 0.030
Table 9 e Estimation results of tri-variate GARCH model (handysize). Independent variable h 11;t h 22;t h 33;t e 2 1;t1 0.0253* 0.0016 5.06E-04 e 1;t1 e 2;t1 0.0129* 0.0147 1.64E-02 e 1;t1 e 3;t1 0.2493* 0.0035 6.85E-03 e 2 2;t1 0.9042 0.0327 0.1329

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