Table 1 - Hyper-Parameters Given as Standard Deviation and Interventions

Table 1 - Hyper-Parameters Given as Standard Deviation and Interventions

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Variables Airports
GVA
Passengers
GVA
Movements
ZRH
Passengers
ZRH
Movements
BSL
Passengers
BSL
Movements
Level 3.95E-02 7.3E-03 nil nil 3.9E-02 2.0E-03
Slope 1.2E-02 8.6E-03 1.9E-02 6.7E-03 1.8E-02 2.2E-02
Cycle ρ = 0.83 ρ = 0.88 ρ = 0.98
2.1E-02 1.6E-02 1.2E-02 2.4E-02 3.6E-02 3.0E-02
Irregular 0.0E+00 2.5E-02 1.9E-02 6.7E-03 9.8E-03 3.5E-02
Interventions nil +LS 1956** +AO 1957** -AO 1957* nil nil
nil +AO 1967** -LS 2002*** -LS 2002** nil nil
Model LLT+cycle Smooth trend LLT+cycle
Cointegration C(2,2)+common cycles nil C(2,2)

Key: *** = p-value<0.01; ** = p-value<0.05; and * = p-value<0.1; the sign in the intervention row indicates the sign of its coefficient.