Impact of Investment Openness on National External Wealth: Based on Valuation Effects Perspective

Table 6

Estimated dynamic parameters.

Variable	Variable definitions	Value	Variable	Variable definitions	Value
	Persistence of technological innovation shocks	0.8565		Standard error of random technological innovation shocks	0.0508
	Persistence of investment efficiency shocks	0.9358		Standard error of random investment efficiency shocks	0.0402

Note. The above technological innovation impact and investment efficiency impact parameters are significant at 1%.