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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
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