Macroeconomic, institutional and financial determinants of current Account balances

Published: 26-05-2020| Version 2 | DOI: 10.17632/hz9pv7t2tx.2
Contributors:
yasin baris altayligil,
Murat Cetrez

Description

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 (%)**** 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 16 Banks Net Interest Margin (%) 1718 World Bank Institutional Determinants 17 Size of Government Index 1492 Fraser Institute 18 Economic Freedom Summary Index 1492 Fraser Institute 19 Legal System and Property Rights Index 1493 Fraser Institute 20 Regulation Index 1492 Fraser Institute 21 Freedom to trade internationally Index 1492 Fraser Institute 22 Political Constraint (Polcon V) Index 2942 POLCON*** 23 Voice and Accountability Index 1536 World Bank 24 Control of Corruption Index 1552 World Bank 25 Government Effectiveness Index 1552 World Bank 26 Political Stability and Absence of Violence Index 1552 World Bank 27 Regulatory Quality Index 1552 World Bank 28 Rule of Law Index 1552 World Bank Human Capital Determinants 29 Government Education Expenditure/GDP (%) 1785 World Bank

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