Can Global Economic Policy Uncertainty Drive the Interdependence of Agricultural Commodity Prices? Evidence from Partial Wavelet Coherence Analysis

Table 2

Descriptive statistics.

	EPU	Maize	Oat	Rice	Soya	Wheat
Mean	0.0044	0.0013	0.0024	0.0004	0.0008	0.0001
Median	-0.0061	0.0010	0.0026	-0.0027	0.0019	-0.0009
Maximum	0.7690	0.2197	0.2242	0.4116	0.1656	0.2502
Minimum	-0.4964	-0.2455	-0.2205	-0.1901	-0.2495	-0.2602
Std. dev.	0.1770	0.0583	0.0745	0.0553	0.0589	0.0695
Skewness	0.6474	-0.2158	0.1281	2.1990	-0.4524	0.0787
Kurtosis	4.9170	5.1900	3.4231	18.4220	5.0797	4.6689
Jarque–Bera	61.5388	57.3005	2.8136	2957.5670	59.1504	32.3154
Observations	275	275	275	275	275	275

, , and indicate 10%, 5%, and 1% significance level, respectively.