The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 1 Measurement and data sources of the study’s variables
Variable symbol | Description/measurement | Data source |
|---|---|---|
Specification 1 | ||
ngdp_g | Annual growth rate of GDP in current prices | Calculated by the author based on the World Bank’s data on GDP in current LCU |
ngov_cons_g | Annual growth rate of general government final consumption expenditure in current prices | Calculated by the author based on the World Bank’s data on general government final consumption expenditure in current LCU |
bm_g | Annual growth rate of broad money | The World Bank |
nexport_g | Annual growth rate of exports of goods and services in current prices | Calculated by the author based on the World Bank’s data on exports of goods and services in current LCU |
Specification 2 | ||
ln_rgdp | Natural logarithm of GDP in constant prices | Calculated by the author based on the World Bank’s data on GDP in constant LCU |
ln_rgov_cons | Natural logarithm of general government final consumption expenditure in constant prices | Calculated by the author based on the World Bank’s data on general government final consumption expenditure in constant LCU |
ln_rbm | Natural logarithm of broad money in constant prices | Calculated by the author based on the World Bank’s data on broad money in current LCU and the Consumer Price Index (CPI) |
ln_rexport | Natural logarithm of exports of goods and services in constant prices | Calculated by the author based on the World Bank’s data on exports of goods and services in constant LCU |