Silviase/jgov_v1.4_full_ann huggingface dataset:
$$ \begin{aligned}ML_{-}TAX&=ML_{-}TAXC+ML_{-}TAXW+ML_{-}TAXI\end{aligned} $$

36. 政府纯利子所得

$$ ML\_{I}NTG=ML\_{R}BOND/100*ML\_{B}OND(-1) $$

37. 財政収支

$$ \begin{aligned}ML\_{B}G&=ML\_{T}AX-ML\_{C}GV-ML\_{I}GV-ML\_{I}NTG-ML\_{O}G\end{aligned} $$

38. 国債残高

$$ ML\_{B}OND=-ML\_{B}G+ML\_{B}OND(-1) $$

39. 所得收支

$$ \begin{array}{r l}{\mathrm{M L\_{B} P Y}}&{=147.795+1.548774\mathrm{^{*}U S\_{R} B O N D/100^{*}M L\_{K} B P C(-1)}}\\ \end{array} $$

40. 経常収支(BOP ベース)

$$ \begin{array}{r l}ML\_{B}PC&=ML\_{B}PXG+ML\_{B}PXS-ML\_{B}PMG-ML\_{B}PMS+ML\_{B}PY+ML\_{B}PTRN\end{array} $$

41. 累積対外債権(BOP ベース)

$$ ML\_{K}BPC=ML\_{B}PC+ML\_{K}BPC(-1) $$

42. 国債利回り

$$ \begin{aligned}ML_{-}RBOND&=5.815897-LOG(ML_{-}M1/ML_{-}GDPV)\\&\quad+0.218683*US_{-}RBOND\end{aligned} $$

43. 為替レート

$$ \begin{aligned}LOG(ML_{-}REX)&=LOG(ML_{-}REX(+1))\\-0.05^{*}&(ML_{-}RBOND/100-US_{-}RBOND/100+ML_{-}REXRISK)\end{aligned} $$

44. 労働所得税率

$$ \begin{aligned}ML_{-}RTAXW&=ML_{-}RTAXW(-1)\\&+1/ML_{-}LABOR_{-}SHARE^{*}(0.01^{*}ML_{-}BOND/ML_{-}GDPV\\&-0.05^{*}ML_{-}BG/ML_{-}GDPV)\end{aligned} $$

45. 法人所得税率
$$ \begin{aligned}ML_{-}RTAXC&=ML_{-}RTAXC(-1)\\&+1/(1-ML_{-}LABOR_{-}SHARE)*(0.01*ML_{-}BOND/ML_{-}GDPV\\&-0.05*ML_{-}BG/ML_{-}GDPV)\end{aligned} $$

### 46. 間接税率

$$ \begin{aligned}ML_{-}RTAXI&=ML_{-}RTAXI(-1)\\&+0.1^{*}(ML_{-}BOND/ML_{-}GDPV-0.5)-0.05^{*}ML_{-}BG/ML_{-}GDPV\end{aligned} $$

## インドネシアモデル

1. 実質人的資本

$$ ID_{-}HW=(1-ID_{-}RTAXW)^{*}ID_{-}YL/(ID_{-}PCP/100)+1/(1+ID_{-}DIS)^{*}ID_{-}HW(+1) $$

2. 実質民間消費

$$ \begin{aligned}ID_{-}CP&=-8320.1+0.055512^{*}(ID_{-}HW\\&\quad+(ID_{-}VAL+ID_{-}BOND+ID_{-}KBPC^{*}ID_{-}REX)/(ID_{-}PCP/100))\\&\quad+0.5*(1-ID_{-}RTAXW)^{*}ID_{-}YL/(ID_{-}PCP/100)\end{aligned} $$

3. 名目民間消費

$$ ID\_{C}PV=ID\_{C}P*ID\_{P}CP/100 $$

4. 名目企業価値

$$ ID_{-}VAL=(1-ID_{-}RTAXC)*ID_{-}YC+1/(1+ID_{-}RISK+ID_{-}RLB/100)*ID_{-}VAL(+1) $$

5. 平均の Q

$$ ID_{-}AVQ=ID_{-}VAL/(ID_{-}PIP/100)/ID_{-}KP(-1) $$

6. 実質民間固定資本形成

$$ \begin{aligned}ID_{-}IP/ID_{-}KP(-1)-ID_{-}DEPR&=0.004359+0.086896^{*}(ID_{-}AVQ-1)\\&+2.24125*ID_{-}REX/(ID_{-}PIP/100)/ID_{-}KP(-1)\end{aligned} $$

7. 名目民間固定資本形成

$$ ID\_{I}PV=ID\_{I}P*ID\_{P}IP/100 $$

8. 民間粗資本ストック
$$ ID_{-}KP=ID_{-}IP+(1-ID_{-}DEPR)^{*}ID_{-}KP(-1) $$

9. 財輸出(原油を除く、BOP ベース)

$$ \begin{aligned}LOG(ID_{-}BPXGM/(ID_{-}PXGD/100))&=-15.59382\\+01.499431^{*}LOG(WIM_{-}ID/(W_{-}PIM/100))\\&-0.616098^{*}LOG(ID_{-}PXGD/W_{-}PIM)\end{aligned} $$

10. 原油輸出(BOP ベース)

$$ \begin{aligned}LOG(ID_{-}BPXGC/(ID_{-}PCRO/100))&=-8.426596\\+0.80^{*}LOG(WIM_{-}ID/(W_{-}PIM/100))\\-0.50^{*}LOG(ID_{-}PCRO/W_{-}PIM)\end{aligned} $$

11. 財輸出 (BOP ベース)

$$ ID\_{B}PXG=ID\_{B}PXGM+ID\_{B}PXGC $$

12. サービス輸出 (BOP ベース)

$$ \begin{aligned}LOG(ID_{-}BPXS*ID_{-}REX/(ID_{-}PGDP/100))&=-9.996422\\+1.0*LOG(WIM_{-}ID/(W_{-}PIM/100))\\-0.8*LOG(ID_{-}PGDP/(W_{-}PIM*ID_{-}REX))\\+0.416468*LOG(ID_{-}KFDIL(-1))\end{aligned} $$

13. 名目財・サービス輸出

$$ \begin{aligned}LOG(ID_{-}XGSV)&=0.234809\\&+0.979184^{*}LOG((ID_{-}BPXG+ID_{-}BPXS)^{*}ID_{-}REX)\end{aligned} $$

14. 実質財・サービス輸出

$$ ID_{-}XGS=ID_{-}XGSV/(ID_{-}PXGS/100) $$

15. 財輸入 (BOP ベース)

$$ \begin{aligned}LOG(ID_{-}BPMG*ID_{-}REX/(ID_{-}PMGS/100))&=-1.127001+0.857145*LOG(ID_{-}GDP)\\&-0.971868*LOG(ID_{-}PMGS/ID_{-}PGDP)\\&+0.151041*LOG(ID_{-}FDIL*ID_{-}REX/(ID_{-}PIP/100))\end{aligned} $$

16. サービス輸入 (BOP ベース)

$$ \begin{aligned}LOG(ID_{-}BPMS*ID_{-}REX/(ID_{-}PMGS/100))&=3.834751\\+1.140371*LOG(ID_{-}GDP)-1.100976*LOG(W_{-}PIM*ID_{-}REX/ID_{-}PGDP)\end{aligned} $$
17. 名目財・サービス輸入

$$ \mathrm{LOG(ID\_{M}GSV)}=0.100623+0.990764*LOG((\mathrm{ID\_{B}PMG}+\mathrm{ID\_{B}PMS})*\mathrm{ID\_{R}EX}) $$

18. 実質財・サービス輸入

$$ ID\_{M}GS=ID\_{M}GSV/(ID\_{P}MGS/100) $$

19. 実質政府消費

$$ ID_{-}CG=ID_{-}CGV/(ID_{-}PCG/100) $$

20. 実質国内総生産

$$ ID\_{G}DP=ID\_{C}P+ID\_{I}P+ID\_{C}G+ID\_{I}G+ID\_{J}+ID\_{X}GS-ID\_{M}GS $$

21\. 潜在国内総生産

$$ \begin{aligned}LOG(ID_{-}GDPF)&=4.640451+(1-ID_{-}LABOR_{-}SHARE)*LOG(ID_{-}KP)\\&+ID_{-}LABOR_{-}SHARE*LOG(ID_{-}LF)\end{aligned} $$

22. 名目国内総生産

$$ ID\_{G}DPV=ID\_{G}DP*ID\_{P}GDP/100 $$

23. GDP デフレータ

$$ \begin{aligned}LOG(ID_{-}PGDP)-LOG(ID_{-}PGDP(-1))&=-0.020753\\&+0.80^{*}(LOG(ID_{-}PGDP(-1))-LOG(ID_{-}PGDP(-2))))\\&+0.20^{*}(LOG(ID_{-}PMGS)-LOG(ID_{-}PMGS(-1)))\\&+0.075*LOG(ID_{-}GDP/ID_{-}GDPF)\\ \end{aligned} $$

24. 民間消費デフレータ

$$ \mathrm{LOG(ID\_{P}CP)}=0.119679+0.974325*LOG(\mathrm{ID\_{P}GDP}) $$

25. 民間投資デフレータ

$$ \mathrm{LOG(ID\_{P}IP)}=0.586832+0.873048*\mathrm{LOG(ID\_{P}GDP)} $$

26. ドル建て輸出財デフレータ

$$ \begin{aligned}LOG(ID_{-}PXGD)&=3.82099ID_{-}PXGD0+0.504487*LOG(ID_{-}PGDP/ID_{-}REX)\\&+0.495513*LOG(W_{-}PIM)\end{aligned} $$
27. 財・サービス輸出デフレータ

$$ \begin{aligned}LOG(ID_{-}PXGS)&=-3.71707+0.511681*LOG(ID_{-}PGDP)\\&+0.488319*LOG(W_{-}PIM*ID_{-}REX)\end{aligned} $$

28. 財・サービス輸入デフレータ

$$ \mathrm{LOG(ID\_{P}MGS)}=-6.874987+0.934098*LOG(\mathrm{W\_{P}IM*ID\_{R}EX}) $$

29. 政府消費デフレータ

$$ \mathrm{LOG(ID\_{P}CG)}=0.445611+0.879736*LOG(\mathrm{ID\_{P}GDP}) $$

30. 民間固定資本減耗

$$ ID_{-}DEPP=-1035.635667+0.234469*ID_{-}DEPR*ID_{-}KP(-1)*ID_{-}PIP/100 $$

31. 総固定資本減耗

$$ ID\_{D}EP=ID\_{D}EPP+ID\_{D}EPG $$

32. 賃金率

$$ \begin{aligned}LOG(ID_{-}W)&=LOG(ID_{-}W(-1))-0.001854\\&+LOG(ID_{-}PGDP(+1))-LOG(ID_{-}PGDP)\\&+0.05^{*}LOG(ID_{-}L/ID_{-}LF)\\ \end{aligned} $$

33. 雇用者数

$$ ID_{-}L=ID_{-}LABOR_{-}SHARE^{*}(ID_{-}GDPV-ID_{-}TAXI-ID_{-}DEP)/ID_{-}W $$

34. 雇用者所得

$$ ID_{-}YL=ID_{-}W*ID_{-}L $$

35. 法人所得

$$ ID\_{Y}C=ID\_{G}DPV-ID\_{Y}L-ID\_{T}AXI-ID\_{D}EP $$

36. 労働所得税

$$ ID\_{T}AXW=ID\_{R}TAXW*ID\_{Y}L $$

37. 法人所得税
$$ ID\_{T}AXC=ID\_{R}TAXC*ID\_{Y}C $$

38. 間接税

$$ ID\_{T}AXI=ID\_{R}TAXI*ID\_{G}DPV $$

39. 租税総額

$$ ID\_{T}AX=\mathrm{ID\_{T}AXW}+\mathrm{ID\_{T}AXC}+\mathrm{ID\_{T}AXI} $$

40. 政府纯利子所得

$$ ID_{-}INTG=-ID_{-}RLB/100*ID_{-}BOND(-1) $$

41. 財政収支

$$ ID\_{B}G=ID\_{T}AX+ID\_{D}EPG+ID\_{I}NTG-ID\_{C}GV-ID\_{I}GV-ID\_{O}EG $$

42. 国債残高

$$ ID\_{B}OND=-ID\_{B}G+ID\_{B}OND(-1) $$

43. 所得收支

$$ ID_{-}BPY=-2.353339+0.087815*ID_{-}KBPC(-1) $$

44. 経常収支(BOP ベース)

$$ ID\_{B}PC=ID\_{B}PXG+ID\_{B}PXS-(ID\_{B}PMG+ID\_{B}PMS)+ID\_{B}PY+ID\_{B}PTRN $$

45. 累積対外債権(BOP ベース)

$$ ID\_{K}BPC=ID\_{B}PC+ID\_{K}BPC(-1) $$

46. 銀行金利

$$ ID_{-}RLB=15.769933-1.0*LOG(ID_{-}M2/ID_{-}GDPV)+0.304262*ID_{-}RDIS $$

47. 為替レート

$$ \begin{aligned}LOG(ID_{-}REX)&=LOG(ID_{-}REX(+1))\\-0.5^{*}(ID_{-}RBOND/100-US_{-}RBOND/100+ID_{-}REXRISK+0.005)\end{aligned} $$

48. 労働所得税率
$$ \begin{aligned}ID_{-}RTAXW&=ID_{-}RTAXW(-1)\\&+1/ID_{-}LABOR_{-}SHARE*(0.05^{*}(ID_{-}BOND/ID_{-}GDPV-0.1)\\&-0.25^{*}ID_{-}BG/ID_{-}GDPV)\end{aligned} $$

49. 法人所得税率

$$ \begin{aligned}ID_{-}RTAXC&=ID_{-}RTAXC(-1)\\&+1/(1-ID_{-}LABOR_{-}SHARE)*(0.05*(ID_{-}BOND/ID_{-}GDPV-0.1)\\&-0.25*ID_{-}BG/ID_{-}GDPV)\end{aligned} $$

50. 間接税率

$$ \begin{aligned}ID_{-}RTAXI&=ID_{-}RTAXI(-1)\\&+(0.05^{*}(ID_{-}BOND/ID_{-}GDPV-0.1)-0.25^{*}ID_{-}BG/ID_{-}GDPV)\end{aligned} $$

フィリピンモデル

1. 実質人的資本

$$ PH_{-}HW\quad=(1-PH_{-}RTAXW)^{*}PH_{-}YL/(PH_{-}PCP/100)+1/(1+PH_{-}DIS)*PH_{-}HW(+1) $$

2. 実質民間消費

$$ \begin{array}{r l}{\mathrm{P H}_{-}\mathrm{C P}}&{=-4.818932+0.094705^{*}(\mathrm{P H}_{-}\mathrm{H W}+(\mathrm{P H}_{-}\mathrm{V A L}}\\ {}&{+\mathrm{P H}_{-}\mathrm{K B P C}^{*}\mathrm{P H}_{-}\mathrm{R E X}+\mathrm{P H}_{-}\mathrm{B O N D})/(\mathrm{P H}_{-}\mathrm{P C P}/100))}\\ {}&{+0.529382^{*}(1-\mathrm{P H}_{-}\mathrm{R T A X W})*\mathrm{P H}_{-}\mathrm{Y L}/(\mathrm{P H}_{-}\mathrm{P C P}/100)}\\ \end{array} $$

3. 名目民間消費

$$ PH\_{C}PV\quad=PH\_{C}P*PH\_{P}CP/100 $$

4. 名目企業価値

$$ PH_{-}VAL\quad=(1-PH_{-}RT A X C)^{*}PH_{-}Y C+1/(1+PH_{-}DIS)*PH_{-}VAL(+1) $$

5. 平均の Q

$$ PH_{-}AVQ\quad=PH_{-}VAL/(PH_{-}PIP/100*PH_{-}KP(-1)) $$

6. 実質民間固定資本形成

$$ PH\_{I}P/PH\_{K}P(-1)=PH\_{D}EPR+0.046179+0.115466*(PH\_{A}VQ-1) $$

7. 名目民間固定資本形成
$$ PH\_{I}PV\quad=PH\_{I}P*PH\_{P}IP/100 $$

8. 民間粗資本ストック

$$ PH\_{K}P\quad=PH\_{I}P+(1-PH\_{D}EPR)*PH\_{K}P(-1) $$

9. 財輸出 (BOP ベース)

$$ \begin{aligned}LOG(PH\_{B}PXG^{*}PH\_{R}EX/(PH\_{P}XGS/100))&=-4.369653\\+LOG(WIM\_{P}H/W\_{P}IM)-0.5^{*}LOG(PH\_{P}XGS/(W\_{P}IM^{*}PH\_{R}EX))\end{aligned} $$

10. サービス輸出(BOP ベース)

$$ \begin{aligned}LOG(PH_{-}BPXS^{*}PH_{-}REX/(PH_{-}PGDP/100))&=-5.170225\\+LOG(WIM_{-}PH/W_{-}PIM)-0.5^{*}LOG(PH_{-}W/(W_{-}PIM^{*}PH_{-}REX))\end{aligned} $$

11. 名目財・サービス輸出(BOP ベース)

$$ PH\_{X}GSV=174.045687+0.671965*(PH\_{B}PXG+PH\_{B}PXS)*PH\_{R}EX $$

12. 実質財・サービス輸出(BOP ベース)

$$ PH\_{X}GS\quad=PH\_{X}GSV/(PH\_{P}XGS/100) $$

13. 実質財輸入 (BOP ベース)

$$ \begin{aligned}LOG(PH_{-}BPMG*PH_{-}REX/(PH_{-}PMGS/100))&=-1.00157\\+LOG(PH_{-}GDP)-0.5*LOG(PH_{-}PMGS/PH_{-}PGDP)\end{aligned} $$

14. 実質サービス輸入（BOP ベース）

$$ \begin{aligned}LOG(PH_{-}BPMS^{*}PH_{-}REX/(PH_{-}PGDP/100))&=-2.698083\\+LOG(PH_{-}GDP)-0.5^{*}LOG(PH_{-}PMGS/PH_{-}PGDP)\end{aligned} $$

15. 名目財・サービス輸入

$$ PH\_{M}GSV=209.665435+0.654188*(PH\_{B}PMG+PH\_{B}PMS)*PH\_{R}EX $$

16. 実質財・サービス輸入

$$ PH\_{M}GS\quad=PH\_{M}GSV/(PH\_{P}MGS/100) $$

17. 実質政府消費
$$ PH\_{G}=PH\_{G}V/PH\_{P}CP $$

18. 実質国内総生産

$$ PH\_{G}DP\quad=PH\_{C}P+PH\_{I}P+PH\_{G}+PH\_{J}+PH\_{X}GS-PH\_{M}GS $$

19. 潜在国内総生産

$$ \begin{aligned}LOG(PH_{-}GDPF)&=-2.573777+PH_{-}LABOR_{-}SHARE^{*}LOG(PH_{-}LABOR)\\&+(1-PH_{-}LABOR_{-}SHARE)^{*}LOG(PH_{-}KP(-1))\end{aligned} $$

20. 名目国内総生産

$$ PH\_{G}DPV=PH\_{G}DP*PH\_{P}GDP $$

21. GDP デフレータ

$$ \begin{aligned}LOG(PH\_{P}GDP)-LOG(PH\_{P}GDP(-1))&=0.005381\\+0.9^{*}(LOG(PH\_{P}GDP(+1))-LOG(PH\_{P}GDP))\\+0.1^{*}(LOG(PH\_{P}MGS))-LOG(PH\_{P}MGS(-1)))\\+0.05^{*}LOG(PH\_{G}DP/PH\_{G}DPF)\end{aligned} $$

22. 民間消費デフレータ

$$ \mathrm{LOG(PH\_{P}CP)}=3.933835+0.439251*LOG(\mathrm{PH\_{W}})+0.560749*LOG(\mathrm{PH\_{P}MGS}) $$

23. 民間固定資本形成デフレータ

$$ \mathrm{LOG(PH\_{P}IP)}=4.475287+0.497349*LOG(\mathrm{PH\_{W}})+0.502613*LOG(\mathrm{PH\_{P}MGS}) $$

24. 財・サービス輸入デフレータ

$$ \mathrm{LOG(PH\_{P}XGS)}=5.280472+0.6*LOG(\mathrm{PH\_{W}})+0.4*LOG(\mathrm{PH\_{P}MGS}) $$

25. 財・サービス輸出デフレータ

$$ \mathrm{LOG(PH\_{P}MGS)}=-3.779194+1.135773*LOG(\mathrm{W\_{P}IM*PH\_{R}EX}) $$

26. 固定資本減耗

$$ PH_{-}DEP=PH_{-}DEPR*PH_{-}PIP/100*PH_{-}KP(-1) $$

27. 賃金率

$$ \mathrm{LOG(PH\_{W})-LOG(PH\_{W}(-1))=0.008029} $$
$$ \begin{aligned}&+(\mathrm{LOG}(\mathrm{PH\_{P}GDP}(+1))-\mathrm{LOG}(\mathrm{PH\_{P}GDP}))\\ &+0.05*LOG(\mathrm{PH\_{G}DP}/\mathrm{PH\_{G}DPF})\\ \end{aligned} $$

28. 雇用者数

$$ PH_{-}L=PH_{-}LABOR_{-}SHARE^{*}(PH_{-}GDPV-PH_{-}DEP-PH_{-}TAXI)/PH_{-}W $$

29. 雇用者所得

$$ PH\_{Y}L=PH\_{W}*PH\_{L} $$

30. 法人税收入

$$ PH\_{Y}C=PH\_{G}DPV-PH\_{D}EP-PH\_{T}AXI-PH\_{Y}L $$

31. 労働所得税

$$ PH_{-}TAXW=PH_{-}RTAXW*PH_{-}YL $$

32. 法人所得税

$$ PH_{-}TAXC=PH_{-}RTAXC*PH_{-}YC $$

33. 間接税

$$ PH\_{T}AXI=PH\_{R}TAXI*PH\_{G}DPV $$

34. 政府歲入

$$ PH\_{T}AX=PH\_{T}AXC+PH\_{T}AXW+PH\_{T}AXI $$

35. 政府纯利子所得

$$ PH_{-}INTG=-PH_{-}RBOND/100*PH_{-}BOND(-1) $$

36. 財政収支

$$ PH\_{B}G=PH\_{T}AX+PH\_{I}NTG-PH\_{G}V-PH\_{G}EOV $$

37. 国債残高

$$ PH\_{B}OND=-PH\_{B}G+PH\_{B}OND(-1) $$

38. 所得收支
$$ PH\_BPY=2.215058+0.448091*US\_{R}BOND/100*PH\_{K}BPC(-1) $$

39. 経常収支(BOP ベース)

$$ PH\_{B}PC=PH\_{B}PXG+PH\_{B}PXS-PH\_{B}PMG-PH\_{B}PMS+PH\_{B}PY+PH\_{B}PTRN $$

40. 累積対外債権(BOP ベース)

$$ PH\_{K}BPC=PH\_{B}PC+PH\_{K}BPC(-1) $$

41. 国債利回り

$$ \begin{aligned}PH_{-}RBOND&=-11.69714-1.2^{*}LOG(PH_{-}M2/PH_{-}GDPV)+1.977845^{*}US_{-}RBOND\\&\quad+1.159636^{*}PH_{-}RDIS\end{aligned} $$

42. 為替レート

$$ \begin{aligned}LOG(PH\_{R}EX)&=LOG(PH\_{R}EX(+1))\\&-0.1^{*}(PH\_{R}BOND/100-US\_{R}BOND/100-0.06)+PH\_{R}EXRISK\end{aligned} $$

43. 労働所得税率

$$ \begin{aligned}PH_{-}RTAXW&=PH_{-}RTAXW(-1)\\&+1/PH_{-}LABOR_{-}SHARE^{*}(0.5^{*}PH_{-}BOND/PH_{-}GDPV\\&-0.01^{*}PH_{-}BG/PH_{-}GDPV)\end{aligned} $$

44. 法人所得税率

$$ \begin{aligned}PH_{-}RTAXC&=PH_{-}RTAXC(-1)\\&+1/(1-PH_{-}LABOR_{-}SHARE)*(0.5*PH_{-}BOND/PH_{-}GDPV\\&-0.1*PH_{-}BG/PH_{-}GDPV)\end{aligned} $$

45. 間接税率

$$ PH_{-}RT AXI=PH_{-}RT AXI(-1)+0.5*PH_{-}BOND/PH_{-}GDPV-0.1*PH_{-}BG/PH_{-}GDPV $$

シンガポールモデル

1. 実質人的資本

$$ SG\_{H}W=(1-SG\_{R}TAXW)^{*}SG\_{Y}L/(SG\_{P}CP/100)+1/(1+SG\_{D}IS)^{*}SG\_{H}W(+1) $$

2. 実質民間消費
$$ \begin{aligned}SG_{-}CP&=11.305653+0.036835^{*}(SG_{-}HW\\&\quad+(SG_{-}VAL+SG_{-}BOND+SG_{-}KBPC^{*}SG_{-}REX)/(SG_{-}PCP/100))\\&\quad+0.3^{*}(1-SG_{-}RTAXW)^{*}SG_{-}YL/(SG_{-}PCP/100)\end{aligned} $$

3. 名目民間消費

$$ SG\_{C}PV=SG\_{C}P*SG\_{P}CP/100 $$

4. 名目企業価値

$$ SG_{-}VAL=(1-SG_{-}RTAXC)*SG_{-}YC+1/(1+SG_{-}DIS)*SG_{-}VAL(+1) $$

5. 平均の Q

$$ SG_{-}AVQ=SG_{-}VAL/(SG_{-}PI/100*SG_{-}KP(-1)) $$

6. 実質民間固定資本形成

$$ SG\_{I}/SG\_{K}P(-1)=SG\_{D}EPR+0.86342+0.172684*(SG\_{A}VQ-1) $$

7. 名目民間固定資本形成

$$ SG\_{I}V=SG\_{I}^{*}SG\_{P}I/100 $$

8. 民間粗資本ストック

$$ SG\_{K}P=SG\_{I}+(1-SG\_{D}EPR)*SG\_{K}P(-1) $$

9. 財輸出 (BOP ベース)

$$ \begin{aligned}LOG(SG_{-}BPXG^{*}SG_{-}REX/(SG_{-}PXGS/100))&=-4.89789+\\&+1.63393LOG(WIM_{-}SG/W_{-}PIM)\\&-0.8^{*}LOG(SG_{-}PXGS/(W_{-}PIM^{*}SG_{-}REX/100))\end{aligned} $$

10. サービス輸出 (BOP ベース)

$$ \begin{aligned}LOG(SG_{-}BPXS{}^{*}SG_{-}REX/(SG_{-}PXGS/100))&=-11.783335\\&+1.857744LOG(WIM_{-}SG/W_{-}PIM)\\&-0.8{}^{*}LOG(SG_{-}PXGS/(W_{-}PIM{}^{*}SG_{-}REX))\end{aligned} $$

11. 実質財輸入 (BOP ベース)

$$ \begin{aligned}LOG(SG_{-}BPMG{}^{*}SG_{-}REX/(SG_{-}PMGS/100))&=0.015622+1.073715{}^{*}LOG(SG_{-}GDP)\\-0.8{}^{*}LOG(SG_{-}PMGS/SG_{-}PGDP)\end{aligned} $$
### 12. 実質サービス輸入（BOP ベース）

$$ \begin{aligned}LOG(SG_{-}BPMS*SG_{-}REX/(SG_{-}PGDP/100))&=-0.249867+0.69175LOG(SG_{-}GDP)\\-0.8*LOG(SG_{-}PMGS/SG_{-}PGDP)\end{aligned} $$

13. 名目純財・サービス輸出

$$ \begin{aligned}SG_{-}NGSV&=0.773759\\&+0.932502^{*}(SG_{-}BPXG+SG_{-}BPXS-(SG_{-}BPMG+SG_{-}BPMS))^{*}SG_{-}REX\end{aligned} $$

14. 実質純財・サービス輸出

$$ \begin{aligned}SG_{-}NGS&=7.010075+0.271764^{*}((SG_{-}BPXG+SG_{-}BPXS)^{*}SG_{-}REX/(SG_{-}PXGS/100)\\&-(SG_{-}BPMG+SG_{-}BPMS)^{*}SG_{-}REX/(SG_{-}PMGS/100))\end{aligned} $$

### 15. 実質政府消費

$$ SG\_{G}=SG\_{G}V/SG\_{P}CP $$

16. 実質国内総生産

$$ SG\_{G}DP=SG\_{C}P+SG\_{I}+SG\_{G}+SG\_{J}+SG\_{N}GS $$

17. 潜在国内総生産

$$ \begin{aligned}LOG(SG_{-}GDPF)&=-2.218065+SG_{-}LABOR_{-}SHARE^{*}LOG(SG_{-}LABOR)\\&+(1-SG_{-}LABOR_{-}SHARE)^{*}LOG(SG_{-}KP(-1))\end{aligned} $$

18. 名目国内総生産

$$ SG_{-}GDPV=SG_{-}GDP*(SG_{-}PGDP/100) $$

19. GDP デフレータ

$$ \begin{aligned}LOG(SG\_{P}GDP)-LOG(SG\_{P}GDP(-1))&=0.000343\\+0.6^{*}(LOG(SG\_{P}GDP(+1))-LOG(SG\_{P}GDP))\\+0.4^{*}(LOG(SG\_{P}GDP(-1))-LOG(SG\_{P}GDP(-2)))\\+0.05^{*}LOG(SG\_{G}DP/SG\_{G}DPF)\end{aligned} $$

20. 民間消費デフレータ

$$ \mathrm{LOG}(\mathrm{SG\_{P}CP)}=-0.003157+0.949214*\mathrm{LOG}(\mathrm{SG\_{W}})+0.050786*\mathrm{LOG}(\mathrm{SG\_{P}MGS}) $$

21. 民間固定資本形成デフレータ
$$ \mathrm{LOG}(\mathrm{SG\_{P}I)}=-0.022678+0.818369*\mathrm{LOG}(\mathrm{SG\_{W}})+0.181631*\mathrm{LOG}(\mathrm{SG\_{P}MGS}) $$

22. 政府消費デフレータ

$$ \begin{aligned}LOG(SG_{-}PCG)&=-0.021875+0.818016^{*}LOG(SG_{-}PGDP)\\&+0.181984^{*}LOG(SG_{-}PMGS)\end{aligned} $$

22. 財・サービス輸出デフレータ

$$ \mathrm{LOG}(\mathrm{SG\_{P}XGS})=0.09549+0.7*\mathrm{LOG}(\mathrm{SG\_{P}GDP})+0.3*\mathrm{LOG}(\mathrm{SG\_{P}MGS}) $$

23. 財・サービス輸入デフレータ

$$ \mathrm{LOG(SG\_{P}MGS)}=2.485323+0.429964*LOG(\mathrm{W\_{P}IM*SG\_{R}EX}) $$

24. 固定資本減耗

$$ SG\_{D}EP=SG\_{D}EPR*SG\_{P}I/100*SG\_{K}P(-1) $$

25. 賃金率

$$ \begin{aligned}LOG(SG_{-}W)-LOG(SG_{-}W(-1))&=0.06703\\&+(LOG(SG_{-}PGDP(+1))-LOG(SG_{-}PGDP))\\&+0.5^{*}LOG(SG_{-}L/SG_{-}LABOR)\end{aligned} $$

26. 雇用者数

$$ SG\_{L}=SG\_{L}ABOR\_{S}HARE^{*}(SG\_{G}DPV-SG\_{D}EP-SG\_{T}AXI)/SG\_{W} $$

27. 雇用者所得

$$ SG\_{Y}L=SG\_{L}ABOR\_{S}HARE^{*}(SG\_{G}DPV-SG\_{D}EP-SG\_{T}AXI) $$

28. 法人税收入

$$ SG\_{Y}C=SG\_{G}DPV-SG\_{D}EP-SG\_{T}AXI-SG\_{Y}L $$

29. 労働所得税

$$ SG\_{T}AXW=SG\_{R}TAXW*SG\_{Y}L $$

30. 法人所得税

$$ SG\_{T}AXC=SG\_{R}TAXC*SG\_{Y}C $$
31. 間接税

$$ SG\_{T}AXI=SG\_{R}TAXI*SG\_{G}DPV $$

32. 政府歲入

$$ SG\_{T}AX=SG\_{T}AXC+SG\_{T}AXW+SG\_{T}AXI $$

33. 財政収支

$$ SG\_{B}G=SG\_{T}AX-SG\_{R}BOND/100*SG\_{B}OND(-1)-SG\_{G}V-SG\_{G}EOV $$

34. 国債残高

$$ SG\_{B}OND=-SG\_{B}G+SG\_{B}OND(-1) $$

35. 所得收支

$$ SG\_{B}PY=2.407433+0.839658*US\_{R}BOND/100*SG\_{K}BPC(-1) $$

36. 経常収支(BOP ベース)

$$ SG\_{B}PC=SG\_{B}PXG+SG\_{B}PXS-SG\_{B}PMG-SG\_{B}PMS+SG\_{B}PY+SG\_{B}PTRN $$

37. 累積対外債権(BOP ベース)

$$ SG\_{K}BPC=SG\_{B}PC+SG\_{K}BPC(-1) $$

38. 国債利回り

$$ SG\_{R}BOND=3.809178-1.5*LOG(SG\_{M}2/SG\_{G}DPV)+0.318428*US\_{R}BOND $$

39. 為替レート

$$ \begin{aligned}LOG(SG_{-}REX)&=LOG(SG_{-}REX(+1))\\-0.25^{*}(SG_{-}RBOND/100-US_{-}RBOND/100+SG_{-}REXRISK)\end{aligned} $$

40. 労働所得税率

$$ \begin{aligned}SG_{-}RTAXW&=SG_{-}RTAXW(-1)\\&+1/SG_{-}LABOR_{-}SHARE^{*}(0.1^{*}SG_{-}BOND/SG_{-}GDPV\\&-0.8^{*}SG_{-}BG/SG_{-}GDPV)\end{aligned} $$

41. 法人所得税率
$$ \begin{aligned}SG_{-}RTAXC&=SG_{-}RTAXC(-1)\\&+1/(1-SG_{-}LABOR_{-}SHARE)*(0.1*SG_{-}BOND/SG_{-}GDPV\\&-0.8*SG_{-}BG/SG_{-}GDPV)\end{aligned} $$

### 42. 間接税率

$$ SG_{-}RTAXI=SG_{-}RTAXI(-1)+0.1*SG_{-}BOND/SG_{-}GDPV-0.8*SG_{-}BG/SG_{-}GDPV $$

中国モデル

1. 実質人的資本

$$ \mathrm{CH_{-}HW}=(1-\mathrm{CH_{-}RTAXW})^{*}\mathrm{CH_{-}YL}/(\mathrm{CH_{-}PCP}/100)+1/(1+\mathrm{CH_{-}DIS})^{*}\mathrm{CH_{-}HW}(+1) $$

2. 実質民間消費

$$ \begin{aligned}CH_{-}CP&=339.531\\&+0.023791^{*}(CH_{-}HW+(CH_{-}VAL+CH_{-}KBPC^{*}CH_{-}REX)/(CH_{-}PCP/100))\\&+0.45^{*}(1-CH_{-}RTAXW)^{*}CH_{-}YL/(CH_{-}PCP/100)\\ \end{aligned} $$

3. 名目民間消費

$$ CH\_{C}PV=CH\_{C}P*CH\_{P}CP/100 $$

4. 名目企業価値

$$ \begin{aligned}CH_{-}VAL&=(1-CH_{-}RTAXC)^{*}CH_{-}YC\\&+1/(1+CH_{-}RISK+CH_{-}RLEND/100)^{*}CH_{-}VAL(+1)\end{aligned} $$

5. 平均の Q

$$ CH_{-}AVQ=CH_{-}VAL/(CH_{-}PI/100)/CH_{-}K(-1) $$

6. 実質固定資本形成

$$ \begin{aligned}CH\_{I}/CH\_{K}(-1)-CH\_{D}EPR&=0.14353+0.246015^{*}(CH\_{A}VQ-1)\\&+1.164537^{*}CH\_{R}EX^{*}CH\_{B}PFIN/(CH\_{P}I/100)/CH\_{K}(-1)\end{aligned} $$

7. 名目固定資本形成

$$ CH_{-}IV=CH_{-}I^{*}CH_{-}PI/100 $$

8. 粗資本ストック
$$ CH_{-}K=CH_{-}I+(1-CH_{-}DEPR)^{*}CH_{-}K(-1) $$

9. 財輸出 (BOP ベース)

$$ \begin{aligned}LOG(CH_{-}BPXG*CH_{-}REX/(CH_{-}PXGS/100))&=-24.583265\\+2.202573*LOG(WIM_{-}CH/(W_{-}PIM/100))\\&-1.007674*LOG(CH_{-}PXGS/(CH_{-}REX*W_{-}PIM))\end{aligned} $$

10. サービス輸出(BOP ベース)

$$ \begin{aligned}LOG(CH_{-}BPXS{}^{*}CH_{-}REX/(CH_{-}PGDP/100))&=-28.631945\\+2.324395{}^{*}LOG(WIM_{-}CH/(W_{-}PIM/100))\\-1.216942{}^{*}LOG(CH_{-}PGDP/(CH_{-}REX{}^{*}W_{-}PIM))&\end{aligned} $$

11. 財輸入 (BOP ベース)

$$ \begin{aligned}LOG(CH_{-}BPMG*CH_{-}REX/(CH_{-}PMGS/100))&=0.197904\\&+0.606419*LOG(CH_{-}GDP)\\&-0.897821*LOG(CH_{-}PMGS/CH_{-}PGDP)\\&+0.23766*LOG(CH_{-}FDIL*CH_{-}REX/(CH_{-}PI/100))\\ \end{aligned} $$

12. サービス輸入 (BOP ベース)

$$ \begin{aligned}LOG(CH_{-}BPMS^{*}CH_{-}REX/(CH_{-}PMGS/100))&=-3.350897\\+0.667671^{*}LOG(CH_{-}GDP)\\&-1.249225^{*}LOG(CH_{-}PMGS/CH_{-}PGDP)\\&+0.470434^{*}LOG(CH_{-}FDIL^{*}CH_{-}REX/(CH_{-}PI/100))\end{aligned} $$

13. 名目財・サービス純輸出

$$ \begin{aligned}CH\_NGSV&=1.823042\\&+0.845659^{*}(CH\_BPXG+CH\_BPXS-(CH\_BPMG+CH\_BPMS))^{*}CH\_REX\end{aligned} $$

14. 実質財・サービス純輸出

$$ CH_{-}NGS=CH_{-}NGSV/(CH_{-}PNGS/100) $$

15. 実質政府消費

$$ CH_{-}CG=CH_{-}CGV/(CH_{-}PCG/100) $$

16. 実質国内総生産

$$ CH\_{G}DP=CH\_{C}P+CH\_{C}G+CH\_{I}+CH\_{J}+CH\_{N}GS $$
17. 潜在国内総生産

$$ \begin{aligned}LOG(CH_{-}GDPF)&=1.431857+(1-CH_{-}LABOR_{-}SHARE)*LOG(CH_{-}K)\\&+CH_{-}LABOR_{-}SHARE*LOG(CH_{-}LF)\end{aligned} $$

18. 名目国内総生産

$$ CH\_{G}DPV=CH\_{G}DP*CH\_{P}GDP/100 $$

19. GDP デフレータ

$$ \begin{aligned}LOG(CH_{-}PGDP)-LOG(CH_{-}PGDP(-1))=&\\+0.6^{*}(LOG(CH_{-}PGDP(-1))-LOG(CH_{-}PGDP(-2)))\\+0.4^{*}*(LOG(CH_{-}PMGS)-LOG(CH_{-}PMGS(-1)))\\+0.01^{*}LOG(CH_{-}GDP/CH_{-}GDPF)\end{aligned} $$

20. 民間消費デフレータ

$$ \mathrm{LOG(CH\_{P}CP)}=0.533462+0.173774*LOG(\mathrm{CH\_{W}})+0.826226*LOG(\mathrm{CH\_{P}GDP}) $$

21. 固定資本形成デフレータ

$$ \mathrm{LOG(CH\_{P}I)=LOG(CH\_{P}GDP)} $$

22. 財・サービス輸出デフレータ

$$ \mathrm{LOG(CH\_{P}XGS)=LOG(CH\_{P}GDP)} $$

23. 財・サービス輸入デフレータ

$$ \mathrm{LOG(CH\_{P}MGS)}=-1.664358+\mathrm{LOG(W\_{P}IM*CH\_{R}EX)} $$

24. 財・サービス純輸出デフレータ

$$ \mathrm{LOG(CH\_{P}NGS)}=0.5*\mathrm{LOG(CH\_{P}XGS)}+0.5*\mathrm{LOG(CH\_{P}MGS)} $$

25. 政府消費デフレータ

$$ \mathrm{LOG(CH\_{P}CG)=LOG(CH\_{P}GDP)} $$

26. 総固定資本減耗

$$ CH_{-}DEP=CH_{-}DEPR*CH_{-}K(-1)*CH_{-}PI/100 $$
27. 賃金率

$$ \begin{aligned}LOG(CH_{-}W)&=LOG(CH_{-}W(-1))+LOG(CH_{-}PGDP)-LOG(CH_{-}PGDP(-1))\\&+0.01^{*}LOG(CH_{-}L/CH_{-}LF)\end{aligned} $$

28. 雇用者数

$$ CH_{-}L=CH_{-}LABOR_{-}SHARE^{*}(CH_{-}GDPV-CH_{-}TAXI-CH_{-}DEP)/CH_{-}W $$

29. 雇用者所得

$$ CH\_{Y}L=CH\_{L}^{*}CH\_{W} $$

30. 法人所得

$$ CH\_{Y}C=CH\_{G}DPV-CH\_{Y}L-CH\_{T}AXI-CH\_{D}EP $$

31. 労働所得税

$$ CH_{-}TAXW=CH_{-}RTAXW*CH_{-}YL $$

32. 法人所得税

$$ CH_{-}TAXC=CH_{-}RTAXC*CH_{-}YC $$

33. 間接税

$$ CH_{-}TAXI=CH_{-}RTAXI*CH_{-}GDPV $$

34. 租税総額

$$ CH_{-}TAX=CH_{-}TAXW+CH_{-}TAXC+CH_{-}TAXI $$

35. 政府纯利子所得

$$ CH_{-}INTG=-CH_{-}RBOND/100*CH_{-}BOND(-1) $$

35. 財政収支

$$ CH\_{B}G=CH\_{T}AX+CH\_{I}NTG-CH\_{C}GV-CH\_{O}GV $$

36. 国債残高

$$ CH\_{B}OND=-CH\_{B}G+CH\_{B}OND(-1) $$
37. 所得收支

$$ CH_{-}BPY=-2.91759+-0.212825*CH_{-}KBPC(-1) $$

38. 経常収支(BOP ベース)

$$ CH\_{B}PC=CH\_{B}PXG+CH\_{B}PXS-(CH\_{B}PMG+CH\_{B}PMS)+CH\_{B}PY+CH\_{B}PTRN $$

39. 累積対外債権(BOP ベース)

$$ CH\_{K}BPC=CH\_{B}PC+CH\_{K}BPC(-1) $$

40. 海外直接投資累積額

$$ \mathrm{CH\_{K}FDIL=CH\_{F}DIL*CH\_{R}EX/(CH\_{P}I/100)+(1-CH\_{D}EPR)*CH\_{K}FDIL(-1)} $$

41. 国債利回り

$$ CH\_RBOND+LOG(CH\_MONEY/CH\_GDPV)=8.704176+0.125485*US\_RBOND $$

42. 為替レート

$$ \begin{aligned}LOG(CH_{-}REX)&=LOG(CH_{-}REX(+1))\\&-0.1^{*}(CH_{-}RBOND/100-US_{-}RBOND/100+CH_{-}REXRISK)\end{aligned} $$

43. 労働所得税率

$$ \begin{aligned}CH_{-}RTAXW&=CH_{-}RTAXW(-1)\\&\quad+1/CH_{-}LABOR_{-}SHARE*(0.05^{*}(CH_{-}BOND/CH_{-}GDPV-0.1)\\&\quad-0.25^{*}CH_{-}BG/CH_{-}GDPV)\end{aligned} $$

44. 法人所得税率

$$ \begin{aligned}CH_{-}RTAXC&=CH_{-}RTAXC(-1)\\&+1/(1-CH_{-}LABOR_{-}SHARE)*(0.05*(CH_{-}BOND/CH_{-}GDPV-0.1)\\&-0.25*CH_{-}BG/CH_{-}GDPV)\end{aligned} $$

45. 間接税率

$$ \begin{aligned}CH_{-}RTAXI&=CH_{-}RTAXI(-1)\\&+(0.05^{*}(CH_{-}BOND/CH_{-}GDPV-0.1)-0.25^{*}CH_{-}BG/CH_{-}GDPV)\end{aligned} $$

台湾モデル
1. 実質人的資本

$$ TW_{-}HW=(1-TW_{-}RTAXW)*TW_{-}YL/(TW_{-}PCP/100)+1/(1+TW_{-}DIS)*TW_{-}HW(+1) $$

2. 実質民間消費

$$ \begin{aligned}TW_{-}CP&=-797.0469+0.072131^{*}(TW_{-}HW\\&+(TW_{-}VAL+TW_{-}BOND+TW_{-}KBPC^{*}TW_{-}REX)/(TW_{-}PCP/100))\\&+0.3^{*}(1-TW_{-}RTAXW)^{*}TW_{-}YL/(TW_{-}PCP/100)\end{aligned} $$

3. 名目民間消費

$$ TW\_{C}PV=TW\_{C}P*TW\_{P}CP/100 $$

4. 名目企業価値

$$ \begin{aligned}TW_{-}VAL&=(1-TW_{-}RTAXC)^{*}TW_{-}YC\\&+1/(1+TW_{-}RISK+TW_{-}RBOND/100)^{*}TW_{-}VAL(+1)\end{aligned} $$

5. 平均の Q

$$ TW_{-}AVQ=TW_{-}VAL/(TW_{-}PIP/100)/TW_{-}KP(-1) $$

6. 実質民間固定資本形成

$$ TW_{-}IP/TW_{-}KP(-1)-TW_{-}DEPR=0.069074^{*}(TW_{-}AVQ-1) $$

7. 名目民間固定資本形成

$$ TW\_{I}PV=TW\_{I}P*TW\_{P}IP/100 $$

8. 民間粗資本ストック

$$ TW_{-}KP=TW_{-}IP+(1-TW_{-}DEPR)^{*}TW_{-}KP(-1) $$

9. 財輸出 (BOP ベース)

$$ \begin{aligned}LOG(TW\_BPXG*TW\_REX/(TW\_PXG/100))&=-2.587356\\+0.687437*LOG(WIM\_TW/(W\_PIM/100))\\&-0.402882*LOG(TW\_PXG/(W\_PIM*TW\_REX))\end{aligned} $$

10. サービス輸出(BOP ベース)

$$ \begin{aligned}LOG(TW_{-}BPXS^{*}TW_{-}REX/(TW_{-}PGDP/100))&=-16.378146\\&+1.561351^{*}LOG(WIM_{-}TW/(W_{-}PIM/100))\end{aligned} $$
- 0.5*LOG(TW_PGDP/(W_PIM*TW_REX))

11. 名目財・サービス輸出

$$ \begin{aligned}LOG(TW_{-}XGSV)&=0.056154\\&+0.993952^{*}LOG((TW_{-}BPXG+TW_{-}BPXS)^{*}TW_{-}REX)\end{aligned} $$

12. 実質財・サービス輸出

$$ TW\_{X}GS=TW\_{X}GSV/(TW\_{P}XGS/100) $$

13. 財輸入 (BOP ベース)

$$ \begin{aligned}LOG(TW\_BPMG*TW\_REX/(TW\_PMG/100))&=-2.359227+1.147786*LOG(TW\_GDP)\\&-0.963968*LOG(TW\_PMG/TW\_PGDP)\end{aligned} $$

14. サービス輸入(BOP ベース)

$$ \begin{aligned}LOG(TW_{-}BPMS^{*}TW_{-}REX/(TW_{-}PMGS/100))&=0.454287+1.028366^{*}LOG(TW_{-}GDP)\\&-0.942355^{*}LOG(W_{-}PIM^{*}TW_{-}REX/TW_{-}PGDP)\end{aligned} $$

15. 名目財・サービス輸入

$$ \mathrm{LOG(TW\_{M}GSV)}=-0.107694+1.013686*LOG((\mathrm{TW\_{B}PMG}+\mathrm{TW\_{B}PMS})*\mathrm{TW\_{R}EX}) $$

16. 実質財・サービス輸入

$$ TW\_{M}GS=TW\_{M}GSV/(TW\_{P}MGS/100) $$

17\. 実質政府消費

$$ TW_{-}CG=TW_{-}CGV/(TW_{-}PCG/100) $$

18. 実質政府固定資本形成

$$ TW_{-}IG=TW_{-}IGV/(TW_{-}PIG/100) $$

19. 実質国内総生産

$$ TW\_{G}DP=TW\_{C}P+TW\_{I}P+TW\_{C}G+TW\_{I}G+TW\_{J}+TW\_{X}GS-TW\_{M}GS $$

20\. 潜在国内総生産

$$ \begin{aligned}LOG(TW_{-}GDPF)&=3.88682+(1-TW_{-}LABOR_{-}SHARE)*LOG(TW_{-}KP)\\&+TW_{-}LABOR_{-}SHARE*LOG(TW_{-}LF)\end{aligned} $$