Table 24 Own calculations
From: Market and political power interactions in Greece: an empirical investigation
Variable | Description | Calculation | Time span |
|---|---|---|---|
RGDPP | Real per capita GDP | RGDP/POP | 1970–2010 |
RGDPG | Growth rate of real per capita GDP | LN(RGDPP(t))/ LN(RGDPP(t-1)) | 1970–2010 |
COMPP | Total compensation of employees in the private sector | WSSS-CGW | 1970–2010 |
WP | Compensation rate in the private sector | COMPP/PE | 1970–2010 |
WG | Compensation rate in the public sector | CGW/GE | 1970–2010 |
WPR | Wage premium | WG/WP | 1970–2010 |
TAX_Y | Total tax revenues-to-GDP ratio | (TIND + TY)/NGDP | 1970–2010 |
CGNWY | Government final non-wage consumption expenditure-to-GDP ratio | CGNW/NGDP | 1970–2010 |
TL | Effective tax rate on labor income | See Below | 1970–2010 |
TSELF | Effective tax rate on self-employment income | See Below | 1970–2010 |
VATR | VAT revenues | Tax revenue statistics, OECD | |
TVAT | VAT effective tax rate | VATR/(PC-VATR) | 1970–2010 |
TSL | Ratio of the effective tax rate on self-employment income divided by the effective tax rate on labor income | TSE/TL | 1970–2010 |
CAY | Current account balance-to-GDP ratio | CA/NGDP | 1970–2010 |
DEFY | Government net lending-to-GDP ratio | DEF/Y | 1970–2010 |
UD_RATIO | Union density of public sector workers to the union density of private sector workers | UD_public/UD_private | 1970–2010 |
VEF | Ratio of the VAT effective tax rate to the standard VAT rate | TVAT/VAT | |
STE | Self-employment over total employment | SE/TE | 1970–2010 |