The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 1 Source of the data
Variables | Number of observations | Data source | |
|---|---|---|---|
Dependent variables | |||
1 | Current account/GDP (%) | 2936 | WEO |
Macroeconomic determinants | |||
2 | GDP (%) | 3111 | World Bank |
3 | Terms of trade | 2363 | World Bank |
4 | Real effective exchange rate | 3132 | Bruegel Think Tank |
5 | Trade openness (X + M)/GDP (%) | 3079 | World Bank |
6 | Average net crude oil export/GDP (%)a | 2457 | EIA, World Bank |
7 | Government expenditures/GDP (%) | 3062 | World Bank |
8 | Fiscal balance/GDP (%) | 2012 | World Bank, OECD |
9 | Relative income (US = 1) | 3139 | World Bank |
Demographics determinants | |||
10 | Old-age dependency ratio (%) | 3385 | World Bank |
11 | Youth dependency ratio (%) | 3385 | World Bank |
Macroeconomic stability determinant | |||
12 | Inflation rate (CPI) | 3031 | WEO |
Financial determinants | |||
13 | Total private credit/GDP (%) | 2945 | World Bank |
14 | Stock market capitalization/GDP (%) | 1984 | World Bank |
15 | Market turnover/GDP (%) | 1957 | World Bank |
Institutional determinants | |||
16 | Legal system and property rights index | 1493 | Fraser Institute |
17 | Regulation index | 1492 | Fraser Institute |
18 | Political constraint (Polcon V) index | 2942 | POLCON |
19 | Voice and accountability index | 1536 | World Bank |
20 | Control of corruption index | 1552 | World Bank |
21 | Political stability and absence of violence index | 1552 | World Bank |
22 | Regulatory quality index | 1552 | World Bank |
23 | Rule of law index | 1552 | World Bank |
24 | Economic freedom summary index | 1492 | Fraser Institute |