Silviase/jgov_v1.4_full_ann huggingface dataset:
## 58 ) 民間最終消費支出デフレータ(消費税除く) JA_PCPAT [2SLS, 1991Q1 to 2005Q4]

$$ \text{DEL}(1:\text{LOG(JA\_PCPAT)}) = -0.347852 \times \begin{pmatrix} \text{LOG(JA\_PCPAT}(-1)) - (1 - 0.004958) \times \text{LOG(JA\_PGDPAT}(-1)) \\ -0.004958 \times \text{LOG(JA\_PFUELAT}(-1)) - (0.084152 + \text{JA\_TIME}(-1) \times 0.000879) \end{pmatrix} $$

$$ (-3.302894) + 0.890944 \times \text{DEL}(1:\text{LOG(JA\_PGDPAT)}) $$

$$ (5.874245) + 0.026467 \times \text{DEL}(1:\text{LOG(JA\_PGDPAT}(-1))) $$

$$ (0.294099) + 0.012451 \times \text{DEL}(1:\text{LOG(JA\_PFUELAT)}) $$

$$ (2.177823) + 0.000517 $$

$$ (1.592488) + \text{CERR} \times \text{ERTS\_PCPAT} $$

$$ [\text{RSQ}: 0.682913, \text{SER}: 0.002149, \text{DW}: 2.029006] $$

## 59 ) 企業物価指数(消費税除く) JA_CGPIAT [2SLS, 1987Q1 to 2005Q4]

DEL(1:LOG(JA_CGPIAT)) =

-0.053209 * (LOG(JA_CGPIAT(-1)) - (0.092169 + JA_TIME(-1) * (-0.001316)) - 0.722781 * LOG(JA_PGDPAT(-1)))

- (1 - 0.722781) * LOG(JA_PMGSAT(-1))

(-1.046069)

+ 0.126688 * DEL(1:LOG(JA_PMGSAT))

(2.587784)

+ 0.370809 * DEL(1:LOG(JA_PGDPAT))

(2.396015)

+ 0.101208 * DEL(1:LOG(JA_CU(-1)))

(3.424343)

- 0.001311

(-2.521442)

+ CERR * ERTS_CG P IAT

[RSQ:0.29377, SER:0.00451, DW:1.691191]

## 60 ) 民間企業設備投資デフレータ(消費税除〈JA_PIFPAT [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\text{LOG(JA\_PIFPAT)}) = -0.05993 * \begin{pmatrix} \log(\text{JA\_PIFPAT}(-1)) - 0.702281 * \log(\text{JA\_PGDPAT}(-1)) \\ (-0.002937) * \text{JA\_TIME}(-1) - 0.255415 \end{pmatrix} $$

$$ (-1.352165) $$

$$ + 0.283069 * \text{DEL}(1:\text{LOG(JA\_PGDPAT)}) $$

$$ (3.243244) $$

$$ + 0.577438 * \text{DEL}(1:\text{LOG(JA\_PIFPAT}(-1))) $$

$$ (6.543912) $$

$$ + 0.053661 * \text{DEL}(1:\text{LOG(JA\_PNFMGSAT)}) $$

$$ (4.267387) $$

$$ - 0.000852 $$

$$ (-2.344148) $$

$$ + \text{CERR} * \text{ERTS\_PIFPAT} $$

$$ [\text{RSQ}: 0.717394, \text{SER}: 0.002314, \text{DW}: 2.177948] $$

## 61 ）民間住宅投資デフレータ(消費税除く) JA_PIHPAT [OLS, 1990Q1 to 2005Q4]

$$ DEL\left(1:\log\left(\frac{JA\_PIHPAT}{JA\_WIPH}\right)\right)=1.021862*DEL\left(1:\log\left(\frac{JA\_PCPAT}{JA\_WIPH}\right)\right) $$

$$ (17.44868) + 0.000711 + (1.100303) + CERR*ERTS\_PIHPAT $$

$$ \left[RSQ:0.830812, SER:0.005045, DW:1.416949\right] $$
62) 民間企業在庫投資デフレータ(消費税除く) JA_PINPAT [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\text{LOG}(\text{JA\_PINPAT})) = 0.375683 * \text{DEL}(1:\text{LOG}(\text{JA\_CGPIAT})) $$

$$ (2.26062) + 0.049706 * \text{DEL}(1:\text{LOG}(\text{JA\_PMGSAT})) $$

$$ (1.771714) - 0.004547 $$

$$ (-5.887869) + \text{CERR} * \text{ERTS\_PINPAT} $$

$$ [\text{RSQ}: 0.174886, \text{SER}: 0.005746, \text{DW}: 0.805989] $$

63) 政府最終消費支出デフレータ(消費税除く) JA_PCGAT [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\text{LOG(JA\_PCGAT)}) = -0.63266 \times \begin{pmatrix} \text{LOG(JA\_PCGAT}(-1)) - 0.194198 \times \text{LOG(JA\_WIPH}(-1)) \\ -\left(1 - 0.194198\right) \times \text{LOG(JA\_PCPAT}(-1)) - (-0.728195) \end{pmatrix} $$

$$ (-3.540377) $$

$$ -0.085801 \times \text{DEL}(1:\text{LOG(JA\_PCGAT}(-1))) $$

$$ (-0.53973) $$

$$ +0.107788 \times \text{DEL}(1:\text{LOG(JA\_PCGAT}(-2))) $$

$$ (0.835937) $$

$$ +0.61587 \times \text{DEL}(1:\text{LOG(JA\_PCPAT}(-1))) $$

$$ (1.607062) $$

$$ -0.074683 \times \text{DEL}(1:\text{LOG(JA\_SBGVATGDPV}(-1))) $$

$$ (-0.779003) $$

$$ +0.001309 $$

$$ (0.714941) $$

$$ +CERR \times ERTS\_PCGAT $$

[RSQ:0.378692, SER:0.009221, DW:2.08258]

64）公的固定資本形成デフレータ(消費税除く）JA PIGAT [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\log(\text{JA\_PIGAT})) = -0.15828 * \begin{pmatrix} \log(\text{JA\_PIGAT}(-1)) - 0.921233 * \log\left(\left(\text{JA\_PIFPAT}(-1) * \text{JA\_PIHPAT}(-1)\right)^{0.5}\right) \right) \\ -\left(1 - 0.921233\right) * \log(\text{JA\_PCGAT}(-1)) - (-0.009138) \end{pmatrix} $$

$$ (-1.848936) $$

$$ + 0.714264 * \text{DEL}(1:\log(\text{JA\_PIFPAT})) $$

$$ (3.613002) $$

$$ + 0.426551 * \text{DEL}(1:\log(\text{JA\_PIHPAT})) $$

$$ (4.682384) $$

$$ + 0.064229 * \text{DEL}(1:\log(\text{JA\_PCGAT})) $$

$$ (2.100982) $$

$$ + 0.005347 * \text{JA\_D03} $$

$$ (2.100982) $$

$$ + 0.000311 $$

$$ (2.100982) $$

$$ + \text{CERR} * \text{ERTS\_PIGAT} $$

$$ [\text{RSQ}: 0.756445, \text{SER}: 0.002732, \text{DW}: 2.27411] $$
65) 財貨・サービス輸出デフレータ JA_PXGS [2SLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA\_{P}XGS))&=-0.003638*\begin{pmatrix}\log\left(JA\_{P}XGS(-1)\right)-0.302373*LOG\left(JA\_{F}XS(-1)\right)+0.825229*LOG\left(JA\_{C}GPIAT(-1)\right)\\-(-0.001455)*JA\_{T}IME-(-1.24458)\end{pmatrix}\\&\quad(-0.233838)\\&\quad+0.352091*DEL(1:LOG(JA\_{F}XS))\\&\quad(7.721673)\\&\quad+0.710947*DEL(1:LOG(JA\_{C}GPIAT))\\&\quad(1.680172)\\&\quad-0.001485\\&\quad(-0.90354)\\&\quad+CERR*ERTS\_{P}XGS\\&[RSQ:0.721835,SER:0.011492,DW:2.669426]\end{aligned} $$

66) 財貨・サービスの輸入デフレータ(消費税除く) JA_PMGSAT

JA_PMGSAT = $ \frac{JA\_PMGS}{1+JA\_RTCI*PRTD} $

67) 鉱物性燃料輸入デフレータ(円ベース、消費税除〈JA PFUELAT [OLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA\_{P}FUELAT))&=-0.431796*\begin{pmatrix}\log\left(JA\_{P}FUELAT(-1)\right)-0.769794*LOG\left(JA\_{P}OILD(-1)\right)\\-1.018995*LOG\left(JA\_{F}XS(-1)\right)-(-7.348956)\end{pmatrix}\\&(-3.625189)\\&+0.71076*DEL(1:LOG(JA\_{P}OILD))\\&(30.669618)\\&+0.912043*DEL(1:LOG(JA\_{F}XS))\\&(14.431701)\\&+0.001002\\&(0.359832)\\&+CERR*ERTS\_{P}FUELAT\end{aligned} $$

[RSQ:0.943013, SER:0.022032, DW:1.646457]

68) 財貨・サービス輸入デフレータ (鉱物性燃料、消費税除く) JA_PNFMGSAT [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\text{LOG(JA\_PNFMGSAT)}) = -0.124276 $$

$$ (-0.857709) $$

$$ -0.013138 * \log\left(\frac{\text{JA\_PNFMGSAT}(-1)}{\text{WD\_PI}(-1) * \text{JA\_FXS}(-1)}\right) $$

$$ (-0.845921) $$

$$ +0.224184 * \text{DEL}(1:\text{LOG(WD\_PI)}) $$

$$ (3.229347) $$

$$ +0.420982 * \text{DEL}(1:\text{LOG(JA\_FXS)}) $$

$$ (12.298494) $$

$$ -0.175765 * \text{DEL}\left(1:\log\left(\frac{\text{JA\_NFMGSAT}}{\text{JA\_GDP}}\right)\right) $$

$$ (-2.636635) $$

$$ + \text{CERR} * \text{ERTS\_PNFMGSAT} $$

$$ [\text{RSQ}: 0.73929, \text{SER}: 0.012549, \text{DW}: 2.029077] $$

69) 雇用者一人あたり賃金 俸給 JA_WI

JA_WI = $ \frac{JA\_YWIV}{JA\_LW} $
$$ \begin{aligned}&((JA\_{C}PV(-5)+JA\_{C}PV(-6)+JA\_{C}PV(-7)+JA\_{C}PV(-4))/(JA\_{C}P(-5)+JA\_{C}P(-6)+JA\_{C}P(-7)+JA\_{C}P(-4))*JA\_{C}P(-4)\\&+(JA\_{C}GV(-5)+JA\_{C}GV(-6)+JA\_{C}GV(-7)+JA\_{C}GV(-4))/(JA\_{C}G(-5)+JA\_{C}G(-6)+JA\_{C}G(-7)+JA\_{C}G(-4))*JA\_{C}G(-4)\\&+(JA\_{I}HPV(-5)+JA\_{I}HPV(-6)+JA\_{I}HPV(-7)+JA\_{I}HPV(-4))/(JA\_{I}HP(-5)+JA\_{I}HP(-6)+JA\_{I}HP(-7)+JA\_{I}HP(-4))*JA\_{I}HP(-4)\\&+(JA\_{I}FPV(-5)+JA\_{I}FPV(-6)+JA\_{I}FPV(-7)+JA\_{I}FPV(-4))/(JA\_{I}FP(-5)+JA\_{I}FP(-6)+JA\_{I}FP(-7)+JA\_{I}FP(-4))*JA\_{I}FP(-4)\\&+(JA\_{I}GV(-5)+JA\_{I}GV(-6)+JA\_{I}GV(-7)+JA\_{I}GV(-4))/(JA\_{I}G(-5)+JA\_{I}G(-6)+JA\_{I}G(-7)+JA\_{I}G(-4))*JA\_{I}G(-4)\\&+((JA\_{P}INP(-5)+JA\_{P}INP(-6)+JA\_{P}INP(-7)+JA\_{P}INP(-4))/4)*JA\_{I}NP(-4)\\&+((JA\_{P}ING(-5)+JA\_{P}ING(-6)+JA\_{P}ING(-7)+JA\_{P}ING(-4))/4)*JA\_{I}NG(-4)\\&+(JA\_{X}GSV(-5)+JA\_{X}GSV(-6)+JA\_{X}GSV(-7)+JA\_{X}GSV(-4))/(JA\_{X}GS(-5)+JA\_{X}GS(-6)+JA\_{X}GS(-7)+JA\_{X}GS(-4))*\\&JA\_{X}GS(-4)\\&-(JA\_{M}GSV(-5)+JA\_{M}GSV(-6)+JA\_{M}GSV(-7)+JA\_{M}GSV(-4))/(JA\_{M}GS(-5)+JA\_{M}GS(-6)+JA\_{M}GS(-7)+JA\_{M}GS(-4))*\\&JA\_{M}GS(-4))/\\&(JA\_{P}CP(-4)*JA\_{C}P(-4)+JA\_{P}CG(-4)*JA\_{C}G(-4)+JA\_{P}IHP(-4)*JA\_{I}HP(-4)+JA\_{P}IFP(-4)*JA\_{I}FP(-4)+JA\_{P}IG(-4)*JA\_{I}G(-4)\\&+JA\_{P}INP(-4)*JA\_{I}NP(-4)+JA\_{P}ING(-4)*JA\_{I}NG(-4)+JA\_{P}XGS(-4)*JA\_{X}GS(-4)-JA\_{P}MGS(-4)*JA\_{M}GS(-4))\end{aligned} $$

72) GDP デフレータ対前期差 JA PGDPD

$$ \mathrm{JA\_{P}GDPD}=\frac{\mathrm{JA\_{P}GDP\ -JA\_{P}GDP}(-1)}{\mathrm{JA\_{P}GDP}(-1)}*400 $$

73) 民間最終消費支出デフレータ JA PCP

$$ JA\_{P}CP\ =\ JA\_{P}CPAT^{*}(1+JA\_{R}TCI^{*}JA\_{P}RTC) $$

74）企業物価指数 JA CGPI

$$ JA\_{C}GPI\ =\ JA\_{C}GPIAT*(1+JA\_{R}TCI*PRTD) $$

$$ JA\_{P}IFP\quad=\quad JA\_{P}IFPAT $$

76) 民間住宅投資デフレータ JA PIHP

$$ JA\_{P}IHP\ =\ JA\_{P}IHPAT^{*}(1+JA\_{R}TCI^{*}JA\_{P}RTD) $$

77) 民間企業在庫投資デフレータ JA PINP

$$ JA\_{P}INP\ =\ JA\_{P}INPAT^{*}(1+JA\_{R}TCI^{*}JA\_{P}RTD) $$

78) 政府最終消費支出デフレータ JA PCG

$$ JA\_{P}CG\ =\ JA\_{P}CGAT^{*}(1+JA\_{R}TCI^{*}JA\_{P}RTD) $$

79) 公的固定資本形成デフレータ JA PIG

$$ JA\_{P}IG\ =\ JA\_{P}IGAT^{*}(1+JA\_{R}TCI^{*}JA\_{P}RTD) $$

80) 財貨・サービスの輸入デフレータ JA PMGS

$$ JA\_{P}MGS=\frac{JA\_{M}GSV}{JA\_{M}GS} $$

81)鉱物性燃料輸入のデフレータ JA PFUEL

$$ JA\_{P}FUEL\ =\ JA\_{P}FUELAT*(1+JA\_{R}TCI*JA\_{P}RTD) $$

82) 鉱物性燃料除〈財貨・サービスの輸入デフレータ JA PNFMGS

JA_PNFMGS = JA_PNFMGSAT*(1+JA_RTCI*JA_PRTD)

83) 要素価格表示国民所得 JA NIV

$$ JA\_{N}IV\ =\ JA\_{G}DPV-JA\_{C}CAV-JA\_{I}TAXV+JA\_{S}UBV+(JA\_{R}TRIV-JA\_{P}TRIV)-JA\_{S}DV $$

84) 法人企業所得 JA YCV

$$ JA\_{Y}CV\ =\ JA\_{N}IV-JA\_{Y}WV-(JA\_{Y}IV+JA\_{Y}ICV) $$
85) 法人企業所得 (税引後) JA YCVAT

$$ \mathrm{JA\_{Y}CVAT}=\frac{\sum\limits_{i=3}^{0}\mathrm{JA\_{Y}CV(i)}}{4^{*}\left(1-\mathrm{JA\_{E}TT}\right)} $$

86) 社会保障雇主负担 JA YOLIV [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\text{LOG(JA\_YOLIV)}) = -0.318924 \times (\log(\text{JA\_YOLIV}(-1)) - 0.608808 \times \log(\text{JA\_CSSV}(-1)) - 4.809968) $$

$$ (-3.319996) $$

$$ + 0.466505 \times \text{DEL}(1:\text{LOG(JA\_CSSV)}) $$

$$ (4.796216) $$

$$ -0.063712 \times \text{DEL}(1:\text{LOG(JA\_CSSV}(-1))) $$

$$ (-0.658452) $$

$$ + \text{CERR} \times \text{ERTS\_YOLIV} $$

$$ [\text{RSQ}: 0.405376, \text{SER}: 0.022857, \text{DW}: 2.09891] $$

87) 固定資本減耗 JA CCAV [OLS, 1990Q1 to 2005Q4]

87) 国足員本成礼 [OL:1990Q1 to 2005Q4]

$ \log(JA\_CCAV) = 0.987087 * \log(JA\_RFPV + JA\_RHPV + JA\_RKGV) $

(781.728339)

+ CERR * ERTS\_CCAV

[RSQ: 0.999897, SER: 0.116984, DW: 1.486528]

88) 民間企業在庫品評価調整額 JA\_INPVA [OL: 1990Q1 to 2005Q4]

JA_INPVA = 1.002013 * DEL(1 : JA_PINP) * JA_KNP(-1) * 4

(1602.6168 21)

+ CERR * ERTS_INPVA

[RSQ:0.999975, SER:11.70695, DW:0.701274]
89) 雇用者報酬 JA YWV [OLS, 1989Q1 TO 2005Q4]

$$ \begin{aligned}DEL\left(1:LOG\left(\left(\frac{\left(JA_{-}YWV+JA_{-}YICV\right)}{\left(JA_{-}NIV+JA_{-}CCAV\right)}\right)\right)\right)&=\\&-0.041345*\left(LOG\left(\frac{\frac{JA_{-}YWV(-1)+JA_{-}YICV(-1)}{JA_{-}NIV(-1)+JA_{-}CCAV(-1)}}{\left(1-DELTA\right)\left(\frac{\left(JA_{-}GDP(-1)\right)}{\left(GAM*EXP\left(RAM*JA_{-}TIME(-1)\right)*JA_{-}LE(-1)*JA_{-}LH(-1)\right)}\right)^{\frac{284}{716}}}\right)\right)\\&\quad(-0.514804)\\&-0.35313*DEL\left(1:LOG\left(\frac{JA_{-}YWV(-1)+JA_{-}YICV(-1)}{JA_{-}MIV(-1)+JA_{-}CCAV(-1)}\right)\right)\\&\quad(-2.471624)\\&-0.260859*DEL\left(1:LOG\left(\frac{JA_{-}YWV(-2)+JA_{-}YICV(-2)}{JA_{-}MIV(-2)+JA_{-}CCAV(-2)}\right)\right)\\&\quad(-1.9279)\\&-0.172737*DEL\left(1:LOG\left(\frac{JA_{-}YWV(-3)+JA_{-}YICV(-3)}{JA_{-}MIV(-3)+JA_{-}CCAV(-3)}\right)\right)\\&\quad(-1.307749)\\&-0.10229*DEL\left(1:LOG\left(\frac{JA_{-}YWV(-4)+JA_{-}YICV(-4)}{JA_{-}MIV(-4)+JA_{-}CCAV(-4)}\right)\right)\\&\quad(-0.832016)\\&-0.224408*DEL\left(1:LOG\left(\frac{JA_{-}CU}{100}\right)\right)\\&\quad(-1.914226)\\&-0.45023*DEL\left(1:LOG\left(\frac{JA_{-}GDPGAP+100}{100}\right)\right)\\&\quad(-1.813815)\\&-0.002828\\&\quad(-0.718611)\\&+CERR*ERTS_{-}YWV\ $$ RSO:0.236922,SER:0.015066,DW:2.018721]\end{aligned} $$

90) 個人可処分所得 JA YDV

JA YDV = JA YWV + JA BSSV + JA YIEV + JA YICV + JA OTYDV - JA TYPV - JA CSSV

91）個人企業所得 JA YICV [OLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA_{-}YICV))&=-0.353302*\begin{pmatrix}\log\left(JA_{-}YICV(-1)\right)-0.847899*LOG\left(JA_{-}YWV(-1)\right)\\-\left(0.001148*JA_{-}RCD(-1)\right)\end{pmatrix}\\&(-3.827095)\\&-0.177265*DEL(1:LOG(JA_{-}YICV(-1)))\\&(-1.543164)\\&-0.061459*DEL(1:JA_{-}RCD(-1))\\&(-3.677946)\\&+0.043491*DEL(1:LOG(JA_{-}YWV(-1)))\\&(0.087182)\\&+CERR*ERTS_{-}YICV\ $$ RSQ:0.344185,SER&:0.045989,DW&:2.058226]\end{aligned} $$

92) 労働所得(名目) JA YLV

$$ JA\_{Y}LV\ =\ JA\_{Y}DV-JA\_{Y}IEV-JA\_{O}TYDV $$
93) 労働所得(実質) JA YL

$$ \mathrm{JA\_{Y}L}=\frac{\mathrm{JA\_{Y}LV}}{\mathrm{JA\_{R}CPD}} $$

94) 賃金 俸給総額 JA YWIV

JA YWIV = JA YWV - JA YOLIV

95) 一人当たり雇用者所得 JA_W

$ JA\_W=\frac{JA\_YWV}{JA\_LW} $

96) 一人当たり産用者所得(労働時間調整後) JA WPH

JA_WPH= $ \frac{100*JA\_W}{JA\_LH} $

97) 純資産 (家計保有分) JA NWCV

98) 純資産 (総額) JA_NWTV

JA_NWTV = JA_FNWV + JA_LANDT + JA_SHARETV + JA_KHPV

99) 金融純資産 JA FNWV

100) 株式総額 JA SHARETV

JA SHARETV = JA PSHARE*JA RSHARET

101) 株式総額 (家計保有分) JA SHAREV

JA SHAREV = JA PSHARE*JA RSHARE

102) 土地総額 (総額) JA_LANDT

JA_LANDT = JA_PROLA*JA_LANDV

103) 土地総額 (家計保有分) JA_LANDV

JA_LANDV = JA_PLAND*JA_RLAND

104) 人的資本 JA HK

$$ \begin{aligned}&JA\_{H}K=((1+(\sum_{i=-19}^{0}JA\_{R}GB(i)/20)/100)*(1-(1+(\sum_{i=-19}^{0}\left(\frac{JA\_{Y}LV(i)-JA\_{Y}LV(i-4)}{JA\_{Y}LV(i-4)}\right)/20))\\&/(1+(\sum_{i=-19}^{0}JA\_{R}GB(i)/20)/100))**40)/((\sum_{i=-19}^{0}JA\_{R}GB(i)/20)/100\\&-(\sum_{i=-19}^{0}\left(\frac{HA\_{Y}LV(i)-JA\_{Y}LV(i-4)}{JA\_{Y}LV(i-4)}\right)/20))*\sum_{i=-3}^{0}JA\_{Y}LV(i)/4+JA\_{N}WCV(-1))/JA\_{P}CP\\ \end{aligned} $$
105) 家計財産所得 JA YIEV [2SLS, 1990Q3 to 2005Q4]

$$ \begin{aligned}DEL\Biggl(1:\frac{JA_{-}YIEV}{JA_{-}NWCV(-1)}\Biggr)&=0.069293\quad*DEL\Biggl(1:\frac{JA_{-}NIV(-1)}{JA_{-}NWCV(-2)}\Biggr)\\&\quad(2.303463)\\&\quad+2.06060758e-005\quad*DEL\Biggl(1:\frac{JA_{-}PSHARE\bigl(-2\bigr)-JA_{-}PSHARE\bigl(-6\bigr)}{JA_{-}PSHARE\bigl(-6\bigr)}*100\Biggr)\\&\quad(2.645837)\\&\quad+0.001331\quad*DEL(1:JA_{-}RCD)\\&\quad(2.912666)\\&\quad+0.000555\quad*DEL(1:JA_{-}RGB(-3))\\&\quad(1.895997)\\&\quad+CERR*ERTS YIEV\end{aligned} $$

[RSQ:0.277884 , SER:0.00086 , DW:2.613441]

106) 財産所得 JA YIV

$$ JA\_{Y}IV\quad=\quad JA\_{Y}IEV+JA\_{Y}IGV $$

107) 民間総資本ストック (名目) JA KPV

JA KPV = JA KFPV + JA KHPV + JA KNPV

108) 民間企業粗資本ストック (名目 ) JA_KFPV

$$ \mathrm{JA\_{K}FPV=JA\_{K}FPV(-1)*\frac{JA\_{P}IFP}{JA\_{P}IFP(-1)}+\frac{JA\_{I}FPV}{4}-\frac{JA\_{R}FPV}{4}*\frac{JA\_{P}IFP}{JA\_{P}IFP(-1)}} $$

109) 民間住宅ストック (名目 ) JA KHPV

$$ \mathrm{JA\_{K}HPV=JA\_{K}HPV(-1)*\frac{JA\_{P}IHP}{JA\_{P}IHP(-1)}+\frac{JA\_{I}HPV}{4}-\frac{JA\_{R}HPV}{4}*\frac{JA\_{P}IHP}{JA\_{P}IHP(-1)}} $$

110) 民間企業在庫ストック (名目) JA KNPV

$$ \mathrm{JA\_{K}NPV=JA\_{K}NPV}(-1)*\frac{\mathrm{JA\_{P}INP}}{\mathrm{JA\_{P}INP}(-1)}+\frac{\mathrm{JA\_{P}INP}}{4}-\frac{\mathrm{JA\_{R}NPV}}{4}*\frac{\mathrm{JA\_{P}INP}}{\mathrm{JA\_{P}INP}(-1)} $$

111) 均衡民間在庫ストック対 GDP 比 (実質) JA_KNGDEQ

$$ \begin{aligned}JA\_{K}NGDEQ&=-0.00121*JA\_{T}IME+2.02558952e-006*JA\_{T}IME^{**2}\\&+0.00045*\left(JA\_{R}CD-100*LOG\left(\frac{JA\_{P}INPAT}{JA\_{P}INPAT(-4)}\right)\right)+0.24047\end{aligned} $$
112) マネーサプライ (M2+CD, 平均残高) JA_M2CD [2SLS, 1986Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA_{-}M2CD))&=-0.057044*\begin{pmatrix}\log\left(JA_{-}M2CD(-1)\right)-\left(-0.204731-0.039595*JA_{-}RCD(-1)\right)-\left(1-0.23455\right)*\log\left(JA_{-}GDPV(-1)\right)\\-0.23455*LOG\left(JA_{-}NWTV(-2)\right)\end{pmatrix}\\&\quad(-4.027238)\\&\quad+0.022979*LOG\left(\frac{JA_{-}NWTV(-1)}{JA_{-}M2CD(-1)}\right)\\&\quad(2.004991)\\&\quad+0.383073*DEL(1:LOG(JA_{-}GDPV))\\&\quad(1.928891)\\&\quad+0.271788*DEL(1:LOG(JA_{-}GDPV(-1)))\\&\quad(3.007348)\\&\quad+0.099636*DEL(1:LOG(JA_{-}GDPV(-2)))\\&\quad(1.184672)\\&\quad-0.003672*DEL(1:JA_{-}RCD)\\&\quad(-1.16057)\\&\quad+0.014517*JA_{-}D983C\\&\quad(4.167637)\\&\quad+0.015384*JA_{-}D901C902\\&\quad(3.08347)\\&\quad+0.013726*JA_{-}D974C981\\&\quad(2.632841)\\&\quad-0.040313\\&\quad(-2.041805)\\&\quad+CERR*ERTS_{-}M2CD\ $$ RQ&:0.612057,SER:0.006066,DW:1.039428]\end{aligned} $$

113) マーシャルの K JA_MK

JA_MK = $ \frac{JA\_M2CD}{JA\_GDP} $

114) CD レート(名目) JA_RCD

JA_RCD = MAX(0.001, JA_RCDX)

115) JA_RCDX [2SLS, 1990Q1 to 2005Q4]

DEL(1: JA_RCDX) = 0.168504 * DEL(1: DEL(4: LOG(JA_PGDPAT)) * 100)

(1.374775)

+ 0.109454 * DEL(1: DEL(4: LOG(JA_PGDPAT(-1))) * 100)

(1.203017)

+ 0.110638 * DEL(1: DEL(4: LOG(JA_PGDPAT(-2))) * 100)

(1.251607)

+ 0.036055 * DEL(1: DEL(4: LOG(JA_PGDPAT(-3))) * 100)

(0.368891)

+ 0.067912 * DEL(1: JA_CU)

(2.77862)

- 0.073647

(-1.960583)

+ CERR * ERTS_RCDX

[RSQ: 0.239258, SER: 0.288073, DW: 1.150461]
## 116 ) 利付国債利回り(10 年物) JA RGB

$$ JA\_{R}GB\ =\ MAX(0.001,\ JA\_{R}GBX) $$

117) JA_RGBX [2SLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:JA\_{R}GB)&=-0.045184^{*}\left(\sum_{i=-8}^{-1}JA\_{R}CD(i)\atop JA\_{R}GB(-1)-\frac{8}{8}\right)\\&\quad(-1.358589\\&\quad-0.088593^{*}DEL(1:JA\_{R}GB(-1))\\&\quad(-0.695237)\\&\quad-0.027718^{*}DEL(1:JA\_{R}GB(-2))\\&\quad(-0.246603\\&\quad+0.48813^{*}DEL(1:JA\_{R}CD)\\&\quad(2.285022)\\&\quad+0.015489^{*}DEL(1:LOG(JA\_{P}CPAT))*400\\&\quad(0.420039)\\&\quad+CERR*ERTS\_{R}GB\end{aligned} $$

[RSQ : 0.4267038ER : 0.316288DW : 1.831334]

## 118 ) 家計株式保有比率 JA_RSHARE [2SLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA\_{R}SHARE))=&\\&-0.153554*LOG\left(\frac{\left(\frac{JA\_{R}SHARE(-1)}{JA\_{R}SHARET(-1)}\right)}{\exp\left((-0.66322)+(-0.018489)*JA\_{T}IME+0.000108*\left(JA\_{T}IME^{**2}\right)\right)}\right)\\&(-0.881794)\\&-0.076967*DEL(4:LOG(JA\_{R}SHARE(-1)))\\&(-0.9855)\\&+0.006167\\&(0.878251)\\&+CERR*ERTS\_{R}SHARE\ $$ RSQ:0.027333,SER:0.055205,DW:2.335198]\end{aligned} $$

## 119 ) 株価收益率 JA PERR

$$ JA\_{P}ERR=\frac{JA\_{S}HARETV}{JA\_{Y}CVAT} $$

## 120 ) 市街地地価指数 JA_PLAND [OLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA\_{P}LAND))=&\\&-0.024146*\begin{pmatrix}\log\left(JA\_{P}LAND(-1)\right)-\left(-12.678114+JA\_{T}IME70Q1(-1)*(-0.018505)\right)\\-\left(1-(-0.050038)\right)*\log\left(JA\_{G}DPV(-1)\right)-(-0.050038)*\log\left(JA\_{P}SHARE(-1)\right)\end{pmatrix}\ $ -0.403023)\\&+0.006667*DEL(1:LOG(JA\_{P}SHARE(-2)))\\&(0.41267)\\&+0.336321*DEL(1:LOG(JA\_{G}DPV(-1)))\\&(2.142226)\\&+0.000956*DEL\left(1:JA\_{R}GB(-1)-400*LOG\left(\frac{JA\_{C}GPIAT(-1)}{JA\_{C}GPIAT(-2)}\right)\right)\\&(1.100927)\\&+CERR*ERTS\_{P}LAND\ $$ RSQ:0.104907,SER:0.012242,DW:0.213854]\end{aligned} $$
121) 東証株価指数 JA PSHARE [2SLS, 1991Q1 to 2005Q4]

$$ \begin{aligned}\log\left(\frac{JA_{-}RSHARET*JA_{-}PSHARE}{JA_{-}GDPV}\right)&=0.826392*LOG\left(\frac{JA_{-}RSHARET(-1)*JA_{-}PSHARE(-1)}{JA_{-}GDPV(-1)}\right)\\&(8.337418)\\&+0.32302*DEL(1:LOG(JA_{-}YCVAT))\\&(1.734006)\\&-0.044555*DEL(1:JA_{-}RGB(-2))\\&(-0.855435)\\&-0.016162\\&(-0.836251)\\&+CERR*ERTS_{-}PSHARE\\{[RSQ:0.559044,SER:0.133411,DW:1.637516]}\end{aligned} $$

122) 減価償却の現在価値 JA PVDP

$$ JA_{-}PVDP=\frac{-1}{18}*LOG(0.1)*\frac{\left(1-0.1*EXP\left(-1*\frac{JA_{-}RGB}{100}*18\right)\right)}{\left(\frac{JA_{-}RGB}{100}-\frac{LOG(0.1)}{18}\right)} $$

123) 借入資本の使用者費用 JA UCCDB

$$ \mathrm{JA\_{U}CCDB}=\frac{\mathrm{JA\_{P}IFPAT}}{\left(1-\mathrm{JA\_{T}T}\right)}*\left\{\frac{\left(1-\mathrm{JA\_{T}T}\right)*\left(\mathrm{JA\_{R}CD}+\mathrm{JA\_{S}LRATIO}*\mathrm{JA\_{R}GB}\right)}{\left(1+\mathrm{JA\_{S}LRATIO}\right)+\mathrm{JA\_{R}RFP}*400-0.925751*\mathrm{JA\_{P}IFPATSUM}}\right\}*\left(1-\mathrm{JA\_{T}T}*\mathrm{JA\_{P}VDP}-\mathrm{JA\_{T}INCR}\right) $$

124) 自己資本の使用者費用 JA UCCDE

$$ \mathrm{JA\_{U}CCDE}=\frac{\mathrm{JA\_{P}IFPAT}}{\left(1-\mathrm{JA\_{T}T}\right)}*\left\{\frac{\left(1-\frac{\mathrm{JA\_{P}ERR}*\mathrm{JA\_{P}OR}}{100}\right)}{\mathrm{JA\_{P}ERR}*100+\mathrm{JA\_{R}RFP}*400-0.925751*\mathrm{JA\_{P}IFPATSUM}}\right\}*\left(1-\mathrm{JA\_{T}T}*\mathrm{JA\_{P}VDP}-\mathrm{JA\_{T}INCR}\right) $$

125) 資本の使用者費用 JA UCCPF

$$ JA\_{U}CCPF=\frac{\left(\left(1-JA\_{R}EQU\right)*JA\_{U}CCDB+JA\_{R}EQU*JA\_{U}CCDE\right)}{100} $$

126) 資本コスト(実質) JA UCC

$$ JA_{-}UCC=\left(\frac{JA_{-}UCCPF}{JA_{-}PGDPAT}\right) $$

127）一般政府財政バランス

$$ \begin{aligned}JA\_{B}GV\quad=&\quad JA\_{T}AXV+JA\_{C}SSV+JA\_{Y}IGV+JA\_{C}CAVG-JA\_{B}SSV-JA\_{C}GV-JA\_{I}GV*RIGV-JA\_{S}UBV+\\&JA\_{O}TNGV\end{aligned} $$

128) 一般政府財政バランス対名目 GDP 比 JA BGVATGDPV

$$ JA\_{B}GVATGDPV=\frac{JA\_{B}GV}{JA\_{G}DPV}*100 $$

129) 租税総額 JA TAXV

JA TAXV = JA TYPV + JA TYCV + JA ITAXV
130) 個人税及び罰金、手数料 JA_TYPV [OLS, 1988Q1 to 2005Q4]

$$ \begin{aligned}DEL(1:LOG(JA\_TYPV+JA\_TPSV))=&\\&-0.124513*\begin{pmatrix}\log\left(JA\_TYPV(-1)+JA\_TPSV\ (-1)\right)\\- (1.466075)*\log\left(JA\_YWIV\ (-1)+JA\_YICV\ (-1)+JA\_YIEV\ (-1)\right)-(-7.717169)\ $ -1.757532)\end{pmatrix}\\&+0.605281*DEL\left(1:\sum_{i=-1}^{0}\log\left(JA\_YWIV\ (i)+JA\_YICV\ (i)+JA\_YIEV\ (i)\right)\right)\\&(1.637195)\\&-0.4016*DEL\left(1:\log\left(JA\_TYPV\ (-1)+JA\_TPSV\ (-1)\right)\right)\\&(-3.581372)\\&+0.006754\\&(0.920041)\\&+CERR*ERTS\_TYPV\ $$ RSQ:0.263213,SER:0.059585,DW:2.091125]&\end{aligned} $$

131) 民間法人企業税及び罰金 JA TYCV

$$ \begin{aligned}IA_{-}TYCV=\frac{\begin{array}{c}JA_{-}ETT^{*}\sum\limits_{i=-3}^{0}JA_{-}YCV(i)\\\end{array}}{4}\end{aligned} $$

132) モデル上の法人実効税率 JA_ETT [OLS, 1989Q1 to 2005Q4]

$$ \begin{aligned}\log\left(\frac{3.0*JA_{-}TT-JA_{-}ETT}{\left(\frac{JA_{-}ETT-JA_{-}TT}{3.0}\right)}\right)&=-0.098536*DEL\left(1:LOG\left(JA_{-}PGDPAT\right)\right)*400\\&(-2.999112)\\&-0.110298*DEL\left(1:LOG\left(JA_{-}PGDPAT(-1)\right)\right)*400\\&(-3.394435)\\&+1.008105\\&(20.071394)\\&+CERR*ERTS\_ETT\end{aligned} $$

[RSQ:0.393087, SER:0.409704, DW:0.409238]

133) 間接税 JA ITAXV

JA_ITAXV = JA_TCIV + JA_TCSTV + JA_OITAXV

134) 消費税 JA TCIV [OLS, 1990Q1 to 2005Q4]

$$ \begin{aligned}134) 消贀税 \quad JA\_{T}CIV\quad[OLS,1990Q1to2005Q4]\\\log(JA\_{T}CI\ V)&=0.938085*LOG(JA\_{R}TC\ I/(1+JA\_{R}TCI*PRTC)*JA\_{C}PV+JA\_{R}TCI/(1+JA\_{R}TCI*PRTD)\\&\quad(220.406394)\quad\\&*JA\_{I}HPV+JA\_{R}TCI/(1+JA\_{R}TCI*PRTG)*JA\_{C}GV+JA\_{R}TCI/(1+JA\_{R}TCI*PRTD)*JA\_{I}GV)\\&-0.025468*JA\_{D}TCIC2*LOG(JA\_{R}TC\ I/(1+JA\_{R}TCI*PRTC)*JA\_{C}PV+JA\_{R}TCI/(1+JA\_{R}TCI*PRTD)\\&\quad(-2.220976)\quad\\&*JA\_{I}HPV+JA\_{R}TCI/(1+JA\_{R}TCI*PRTG)*JA\_{C}GV+JA\_{R}TCI/(1+JA\_{R}TCI*PRTD)*JA\_{I}GV)\\&+0.121087*JA\_{D}972C\\&\quad(2.118459)\quad\\&+CERR*ERTS\_TCIV\ $$ RQ:0.999474&,SER&:0.214426,DW&:2.067658]\end{aligned} $$

135) 関税 JA TCSTV

JA TCSTV = JA RTCST * JA MGSV
136) その他関税 JA OITAXV [2SLS, 1990Q1 to 2005Q4]

36) その他の関係 JA_OITAXV [2SLS, 1990Q1 to 2005Q4]

DEL(1 : LOG(JA_OIT AXV)) = -0.542298 * LOG $ \left(\frac{JA\_OITAXV(-1)}{JA\_GDPV(-1)}\right) $

(-4.96217)

-1.527556

(-4.961491)

+ CERR * ERTS\_OITAX V

[RSQ : 0.284256, SER : 0.043729 , DW : 1.995873]

137) 社会保障负担 JA CSSV [OLS, 1990Q1 to 2005Q4]

$$ \text{DEL}(1:\log(\text{JA\_CSSV})) = -0.257536 * \log\left(\frac{\text{JA\_CSSV}(-1)}{\exp(-0.528478) * (\text{JA\_SR}(-1) * \text{JA\_YWIV}(-1))^{*0.963594}}\right) $$

$$ (-3.365531) $$

$$ + 0.269025 * \text{DEL}(1:\log(\text{JA\_SR} * \text{JA\_YWIV})) $$

$$ (1.902379) $$

$$ + 0.264365 * \text{DEL}(1:\log(\text{JA\_CSSV}(-2))) $$

$$ (1.973877) $$

$$ - 0.053539 * \text{DEL}(1:\log(\text{JA\_CSSV}(-3))) $$

$$ (-0.414158) $$

$$ + \text{CERR} * \text{ERTS\_CSSV} $$

$$ [\text{RSQ}: 0.309593, \text{SER}: 0.028846, \text{DW}: 2.531015] $$

138）一般政府財産所得 JA YIGV [OLS, 1990Q4 to 2005Q4]

$$

\frac{\text{JA\_YIGV}}{(-1*\text{JA\_SBGV}(-1))} = -0.000559*\text{JA\_RGB}

$$

$$

(-1.043393)

+0.00071*\text{JA\_RGB}(-1)

$$

$$

(1.381278)

+0.865712*\frac{\text{JA\_YIGV}(-1)}{(-1*\text{JA\_SBGV}(-2))}

$$

$$

(10.237582)

-0.002057*\text{JA\_D941}

$$

$$

(-1.63272)

+0.000807

$$

$$

(1.151737)

+CERR*\text{ERTS\_YIGV}

$$

[RSQ:0.848243, SER:0.001203, DW:2.988166]

139）固定資本減耗（一般政府分）JA_CCAVG [OLS, 1990Q1 to 2005Q4]

$ \text{LOG(JA\_CCAVG)} = 0.924007 * \text{LOG(JA\_RKGV)} $

$ (232.604915) $

$ + \text{CERR} * \text{ERTS\_CCAVG} $
140）社会保障給付 JA_BSSV [OLS, 1987Q1 to 2005Q4]

$ \log(JA\_BSSV) = 0.708022 * \log(JA\_IR * JA\_WI * JA\_POP65) $

(19.677274)

+ 0.087302 * $ \log(JA\_WI * JA\_UR * \frac{JA\_LF}{100}) $

(3.004185)

+ 1.024241

(6.610744)

+ CERR * ERTS_BSSV

[RSQ: 0.984225, SER: 0.031545, DW: 1.958338]

141）一般政府累積財政赤字 JA_SBGV

JA_SBGV = JA_SBGV(-1) - $ \frac{JA\_BGV}{4} $ + JA_RSBGV

142）一般政府累積財政赤字對名目 GDP 比 JA SBGVATGDPV

JA_SBGVATGDPV = $ \frac{JA\_SBGV}{JA\_GDPV} $ * 100

143) 海外からの要素所得 JA\_RTRIV [OLS, 1986Q1 to 2005Q4]

DEL(1:LOG(JA_RTRIV)) = -0.089649*LOG $ \left(\frac{(2*JA\_RTRIV(1))}{(JA\_FASSTV(-2))*\sum_{i=-2}^{-1}US\_RGB(i)}}\right) $

(-3.281033)

+0.1397*DEL(1:LOG(JA\_RTRIV(-2)))

(2.042833)

+0.01535*DEL(1:US\_RGB(-1))

(1.072961)

+0.67096*DEL(1:LOG(JA\_FXS))

(5.74819)

-0.577127*JA\_D961

(-9.587209)

-0.412763

(-3.064039)

+CERR *ERTS\_RTRIV

[RSQ : 0.6746738ER : 0.055362DW : 1.711233]