| Dependent Variable | Definition |
| Growth | Growth is calculated using real GDP data defined at constant national prices. |
| Independent Variables | Definition |
| Growth | Previous period realizations of growth |
| Capitalstock/GDP | Share of capital stock in GDP |
| Investment/GDP | The ratio of investments to GDP is expressed as a ratio of total investment in current local currency and GDP in current local currency. Investment or gross capital formation is measured as the total value of the gross fixed capital formation for a unit or industry and changes in inventories and acquisitions less the disposal of valuable assets. |
| Human Capital | Human capital index based on duration of education and return to education |
| Saving/GDP | Gross national saving, gross disposable income, minus final consumption expenditures, after taking into account an adjustment for pension funds, as a ratio of GDP |
| Interest | Central banks main policy interest rates |
| M1/GDP | Total money in circulation and demand deposits |
| M3/GDP | M1 + time deposits, funds from repo, money market funds, securities issued |
| Inflation | Change of consumer price index compared to the previous year (2010) |
| General Expenditure/GDP | Sum of employee expenditures, subsidies and social expenditures. Employee expenditure; Payments to employees; (cash wages and salaries, wages and salaries in kind, and employers' social contributions). Subvention; subsidies, grants and other social benefits, all unrequited, non-refundable transfers to private and public institutions on current accounts; grants to foreign governments, international organizations and other government agencies, and social security, social benefits and employer benefits in cash and in kind. Social expenditure; social contributions to households, employers and the self-employed, actual or accrued contributions to social insurance programs run by governments are also in this group |
| Income Tax | Effective income tax ratio |
| Corporation Tax | Announced corporate tax rates |