Appendix 1 - Data sources
|
_________Variable_______ |
____________________Description__________________ |
Source |
____Codename |
|
Per Capita GDP |
Per capita nominal GDP in US dollars (logs) |
IMF (WEO) |
NGDPDPC |
|
GDP Growth |
Annual growth rate of real GDP |
IMF (WEO) |
NGDP_R |
|
Unemployment Rate |
Unemployment Rate |
IMF (WEO) |
LUR |
|
Inflation |
Annual growth rate of Consumer Price Index |
IMF (WEO) |
PCPI |
|
Government Debt |
Central Government Debt over GDP |
Jaimovich, | |
|
Government balance |
General government balance as percentage of GDP |
IMF (WEO) |
GGB, NGDP |
|
Government Effectiveness Aggregate Governance Indicators 1996-2006 |
WB(AGI) | ||
|
External Debt |
Total debt as share of exports of goods and |
WB (GDF) | |
|
Current Account |
Current account balance as percentage of GDP |
IMF (WEO) |
BCA, NGDPD |
|
Reserves |
Reserves to Imports ratio |
IMF (WEO, IFS) |
BM, .0.01.D$S.Z.F.$$$ |
|
DEF 1 |
Dummy: 1 if country has defaulted since 1980 |
S&P | |
|
DEF 2 |
Years since last default |
S&P | |
|
EU |
Dummy: 1 If country belongs to European Union | ||
|
IND |
Dummy: 1 if Industrial Countries |
WB | |
|
LAC________________ |
Dummy: 1 if Latin America and Caribbean__________ |
WB_______ | |
|
Other variables used_____________________________________________________________________________________ | |||
|
Investment |
Gross capital formation as percentage of GDP |
IMF (WEO) |
NI_R, NGDP_R |
|
OIL balance |
Oil trade balance as percentage of GDP |
IMF (WEO) |
TBO, NGDPD |
|
Government Expenditure |
General government total expenditure as |
IMF (WEO) |
GGEI, NGDP |
|
Government Interest Expenditure Government Revenue |
General government interest expenditure as General government total revenue as percentage of |
IMF (WEO) |
GGRG, NGDP |
|
GDP |
IMF (WEO) |
GGENL, NGDP | |
|
Trade openness |
Total Exports plus total Imports as percentage of |
IMF (WEO) |
BM, BX NGDPD |
|
Exports Growth |
Annual growth rate of real exports |
IMF (WEO) |
NX_R |
|
Domestic Credit Growth |
Annual growth rate of Domestic credit |
IMF (IFS) |
.3.12.$$$.Z.F.$$$ |
|
Interest over Exports |
Interest paid as percentage of total exports of goods |
WB (GDF) | |
|
Reserves over total debt |
Reserves as percentage of total debt |
WB (GDF) | |
|
Short-term debt |
Short-term debt as percentage of total debt |
WB (GDF) | |
|
Total debt |
Total debt as share of gross national income |
WB (GDF) | |
|
Voice and Accountability |
Aggregate Governance Indicators 1996-2004 |
WB(AGI) | |
|
Political Stability |
Aggregate Governance Indicators 1996-2005 |
WB(AGI) | |
|
Regulatory Quality |
Aggregate Governance Indicators 1996-2007 |
WB(AGI) | |
|
Rule of Law |
Aggregate Governance Indicators 1996-2008 |
WB(AGI) | |
|
Control of Corruption |
Aggregate Governance Indicators 1996-2009 |
WB(AGI) | |
|
AGI Compound index |
Aggregate Governance Indicators 1996-2010: sum |
WB(AGI) | |
|
Corruption Perception |
Transparent | ||
|
Index |
International | ||
|
EAP |
Dummy: 1 if East Asia and Pacific |
WB | |
|
ECA |
Dummy: 1 if Europe and Central Asia |
WB | |
|
MNA |
Dummy: 1 if Middle East and North Africa |
WB | |
|
SAS |
Dummy: 1 if South Asia |
WB | |
|
SSA_______________ |
Dummy: 1 if Sub-Saharan Africa__________________ |
WB_______ | |
Notes: WEO -World Economic Outlook; AGI - Aggregate Governance Indicators; GDF - Global Development
Finance; IFS - International Financial Statistics; WB - World Bank; IMF - International Monetary Fund .
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