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Table 1 Estimated Linear Trend Parameters for Real GDP per Capita Growth Rates in % 1961–2011 a

From: Capitalism as a complex adaptive system and its growth

Country

Intercept

Regression Coefficients

R2

DW

ADF

PP

Value

t

p-value

Value

t

p-value

Austria

4.25***

8.76

0.0000

−0.0636***

−3.91

0.0003

0.24

1.96

1%

1%

Belgium

4.36***

8.73

0.0000

−0.0756***

−4.51

0.0000

0.29

2.02

5%

1%

Denmark

3.75***

5.98

0.0000

−0.0674***

−3.21

0.0023

0.17

1.92

1%

1%

Finland

4.21***

4.82

0.0000

−0.0586*

−2.00

0.0508

0.08

1.27

1%

1%

France

4.50***

10.62

0.0000

−0.0870***

−6.13

0.0000

0.43

1.55

5%

1%

Germany

3.70***

6.64

0.0000

−0.0537***

−2.88

0.0059

0.14

1.79

1%

1%

Greece

6.42***

6.25

0.0000

−0.1437***

−4.19

0.0001

0.26

1.23

n.s.

1%

Iceland

4.57***

4.15

0.0001

−0.0787**

−2.13

0.0380

0.08

1.16

1%

1%

Ireland

6.90***

6.19

0.0000

−0.1032***

−2.77

0.0080

0.14

1.30

5%

1%

Italy

5.32***

9.60

0.0000

−0.1136***

−6.13

0.0000

0.43

1.92

5%

1%

Luxembourg

2.96***

2.99

0.0043

−0.0096

−0.29

0.7729

0.00

1.50

1%

1%

Netherlands

3.63***

6.35

0.0000

−0.0522***

−2.73

0.0088

0.13

1.52

1%

1%

Norway

4.46***

9.55

0.0000

−0.0702***

−4.49

0.0000

0.29

1.20

5%

1%

Portugal

6.66***

7.01

0.0000

−0.1320***

−4.15

0.0001

0.26

1.34

5%

1%

Spain

5.86***

8.73

0.0000

−0.1150***

−5.12

0.0000

0.35

0.76

5%

5%

Sweden

3.04***

4.74

0.0000

−0.0332

−1.55

0.1283

0.05

1.38

1%

1%

United Kingdom

2.76***

4.54

0.0000

−0.0262

−1.29

0.2034

0.03

1.44

1%

1%

  1. Error Probability: *** 0.01, ** 0.05, * 0.1
  2. a own calculation based on Worldbank WDI dataset: http://databank.worldbank.org/ddp/home.do