Table 20 SVAR variance decomposition.

From: Cyclical dynamics and co-movement of business, credit, and investment cycles: empirical evidence from India

Period

GDP

GFCF

NFGBC

Variance decomposition of GDP

1

19.5407

1.1221

79.3371

2

37.5430

1.2472

61.2096

3

37.4177

3.2494

59.3328

4

32.3721

2.9615

64.6662

5

31.0757

3.2486

65.6755

6

31.5101

4.6660

63.8237

7

31.1718

5.6606

63.1675

8

30.7574

5.8109

63.4316

9

30.7230

5.7857

63.4912

10

30.7618

5.8541

63.3840

Variance decomposition of GFCF

1

0.0919

94.2318

4.8484

2

4.9155

88.8449

6.2394

3

4.7962

89.0558

6.1479

4

4.6903

87.6257

7.6839

5

4.8597

87.2807

7.8632

6

5.0608

87.1118

7.8273

7

5.1130

86.9351

7.9518

8

5.1021

86.7520

8.1458

9

5.1123

86.6782

8.2093

10

5.1260

86.6661

8.2077

Variance decomposition of NFGBC

1

71.1785

24.9849

3.8365

2

65.1029

30.2172

4.6798

3

48.4849

25.3133

26.2017

4

40.6842

24.3916

34.9241

5

39.1440

26.0972

34.7586

6

38.8429

27.7868

33.3701

7

37.9949

28.0958

33.9092

8

37.5150

27.8162

34.6686

9

37.4873

27.7404

34.7722

10

37.4837

27.8139

34.7023