Filer, Randall; Hanousek, Jan; Hajkova, Dana - William Davidson Institute, University of Michigan - 2007
of real GDP are reported using national price weights and
indigenous inflation levels.
The WDI data set combines data … structure of a relatively rich country such as
Hong Kong, Japan or the U.K. (p. 211).”
3
Regressions are estimated using the ….32
14
Instruments include initial values of the regressors, inflation rate, and the ratios of M3, market
capitalization …
