Country

$a_1=\frac{\text{d}\ln C}{\text{d}\ln t_i}$

$b_1=\frac{\text{d}\ln L}{\text{d}\ln t_y}$

$\text{1}+a_{\text{1}}-b_{\text{1}}$

Constant, k

γ

δ

(1)

(2)

(3)

(4)

(5)

(6)

(7)

France

−0.329

0.127

0.544

0.257

0.617

0.393

Germany

0.025

0.061

0.964

0.552

0.476

0.525

UK

0.554

0.271

1.200

0.260

0.458

0.544

USA

−0.020

0.005

0.975

0.553

0.367

0.629

Japan

−0.256

−0.068

0.811

0.445

0.430

0.566

Italy

0.412

0.236

1.177

0.448

0.480

0.497