Table 2 The elasticity of production
France | Germany | Italy | The UK | The US | Indonesia | |
|---|---|---|---|---|---|---|
Arc elasticity of production, 5-day EMA | ||||||
Mean | 3.45 | 3.08 | 2.94 | 3.34 | 3.60 | 2.90 |
Standard deviation | 3.52 | 3.38 | 3.78 | 2.94 | 4.03 | 0.64 |
Coefficient of variation | 102% | 110% | 128% | 88% | 112% | 22% |
Maximum value | 18.51 | 18.41 | 31.01 | 13.75 | 36.11 | 5.16 |
Minimum value *) | 0.04 | 0.01 | 0.00 | 0.05 | 0.10 | 0.44 |
Point elasticity of production, 5-day EMA | ||||||
Mean | 3.27 | 2.92 | 2.76 | 3.18 | 3.38 | 2.80 |
Standard deviation | 3.19 | 3.05 | 3.28 | 2.70 | 3.37 | 0.61 |
Coefficient of variation | 98% | 104% | 119% | 85% | 100% | 22% |
Maximum value | 14.71 | 15.49 | 19.40 | 11.69 | 27.59 | 4.51 |
Minimum value *) | 0.04 | 0.01 | 0.0 | 0.05 | 0.10 | 0.46 |