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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 Variable definitions and data sources

From: Financial integration and total factor productivity: in consideration of different capital controls and foreign direct investment

Variables

Definition

Source

TFP

Log of TFP

PWT 9.0

Initial TFP

Log of TFP from previous period

PWT 9.01

GDP

Log of GDP per capita, in constant 2010 U.S. dollars

WDI

Initial GDP

Log of GDP per capita from previous period

WDI

FDI

Foreign direct investment, stock (% of GDP)

Lane and Milesi-Ferretti (2007)

FDI flow

Foreign direct investment, net inflows (% of GDP)

WDI

Di

Direct investment restrictions

‘Capital control measures: a new dataset’- IMF

Ka

Overall capital restrictions index (all asset categories)

Same

KAOPEN

Capital account openness index (Chinn-Ito index)

Chinn and Ito 2006)

CAPITAL

Capital account openness index (Quinn Index)

Quinn (1997)

Schooling

Average years of secondary schooling (for the population over 15 years of age)

Barro and Lee (2013)

Pvt. cr

Domestic credit to private sector (% of GDP)

WDI

Pvt. cr_bank

Private credit by deposit money banks (% of GDP)

WDI

Pop. growth

Population growth (annual %)

WDI

Investment

Log of gross capital formation (% of GDP)

WDI