From: The Balassa-Samuelson effect reversed: new evidence from OECD countries
Det. trend | IPS | LLC | No. of countries | Time -period | Obs. | |
---|---|---|---|---|---|---|
CA | 0.933 | 0.994 | 18 | 1970–2008 | 587 | |
DPOP | − 4.269∗∗∗ | − 2.837∗∗∗ | 18 | 1970–2007 | 626 | |
GDP | x | 1.010 | 1.591 | 18 | 1970–2007 | 656 |
GOV | x | 3.091 | 0.130 | 18 | 1970–2008 | 632 |
NFA | 3.825 | 5.781 | 18 | 1970–2006 | 615 | |
RER.AVG | x | − 1.172 | − 1.116 | 18 | 1970–2008 | 665 |
RI | − 0.500 | − 0.331 | 18 | 1970–2008 | 621 | |
TOT | 0.233 | 0.214 | 18 | 1970–2008 | 640 | |
ULC | x | − 1.268 | − 7.072∗∗∗ | 18 | 1970–2008 | 647 |
LP.TSTAN | x | 1.282 | − 1.540∗ | 18 | 1970–2008 | 559 |
LP.NTSTAN | x | 1.651 | 1.131 | 18 | 1970–2008 | 550 |
TFP.TPDBi | x | − 0.021 | − 1.537∗ | 14 | 1985–2008 | 198 |
TFP.NTPDBi | x | 1.782 | 0.077 | 13 | 1985–2008 | 192 |
LP.TISDB | x | 2.923 | 2.906 | 14 | 1970–1997 | 325 |
LP.NTISDB | x | 1.909 | 1.103 | 14 | 1970–1997 | 322 |
TFP.TISDB | x | 1.360 | 0.886 | 14 | 1970–1997 | 314 |
TFP.NTISDB | x | 1.720 | 0.614 | 14 | 1970–1997 | 307 |