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In our data GDP and HSI i.e. infant mortality and life expectancy can become endogenous and also the error terms can be serially correlated which would result in the dependence of OLS estimators on nuisance parameters.
According to World Bank data, GDP per capita in Greece in 2014 was around $21,000, compared with $19,000 in Estonia, $18,000 in Slovakia and $16,000 in Latvia.
Unlike earlier authors we used a correction of gross domestic product data (GDP) known as purchasing power parity (PPP; e.g. [27]).
For the reference-style data underlying the analysis (e.g., country population size data, GDP deflators), we employed datasets validated by third-party multilateral agencies [ 30, 31].
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When we check the original data, the GDP increased from $40 to $80 billionn in the observed 7 years and the GDP per capita increased from $12 to $17.4 thousand.
1.07pm BST Exports bring Portugal's economy back to life Portugal provided one of the most striking results among today's batch of eurozone data - GDP grew 1.1% in the second quarter.
The ONS data showed GDP was up 2.3% in the third quarter on a year earlier.
The latest official data showed GDP growth had already dipped to 0.4% in the first quarter from 0.6% in the final three months of 2015.
As always, we need more data; first quarter GDP numbers from the emerging markets (out next month) will be the next test.
Separate data confirmed GDP rose 0.7% in the fourth quarter, as expected, but detail showed the percentage of household savings fell to a five-year low in 2013 while real disposable income slipped 0.1% in the last three months of the year.
Between 1900 and 2013, real dividends declined slightly (0.1% a year) over the 21 countries for which the academics have data, while GDP growth was 2.8% a year.
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