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

Table 1 Source of the data

From: Macroeconomic, institutional and financial determinants of current account balances: a panel data assessment

  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
  1. WEO World Economic Outlook, EIA US Energy Information Administration, POLCON Polcon Database Wharton Management Faculty
  2. aCalculated value