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- The frequency-specific coefficient of regression indicates the degree of linear association between two stochastic processes at a specific frequency or frequency band. See Zhu (2005). 2 The overall KOF Index of Globalisation covers the economic, social and political dimensions of globalisation. For details of the Index and the Economics sub-index, see Dreher (2006) and Dreher, Gaston and Martens (2008). 3 For details of the financial development index, see Sahay et al (2015). Source: Author’s calculations. BIS Papers No 88 147 Annex C: Data descriptions This annex provides a detailed description of data used in this paper. Macro-economy Table C.1 Variable Description Source Notes Real GDP Level in billions of local currencies; year-on-year growth. IMF IFS, OECD, GFD, national data, BIS. Different base years in different countries GDP deflator IMF IFS, OECD, GFD, national data, BIS.
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- Weighted world real interest rate estimated by King and Low (2014). 2 For details of the overall KOF Index of Globalisation and the Economics sub-index, see Dreher (2006) and Dreher, Gaston and Martens (2008).
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- Weighted world real interest rate estimated by King and Low (2014). 2 Working age population is defined as population aged between 15 and 64. 3 Advanced economies: Australia, Canada, Denmark, Japan, euro area, Japan, Sweden, Switzerland, the United Kingdom, and the United States. Weighted averages based on rolling GDP and PPP exchange rates. 4 Emerging economies: Brazil, Chile, China, Czech Republic, Hungary, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa and Turkey. Weighted averages based on rolling GDP and PPP exchange rates.
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