3*d}ȶUT\Tdȶ6?6̩UC6 gY̩C6C6`C6ީ?6 gY̩UCICSAU All cos (ICCs + FCs): gross trading proCIACAU All cos (ICCs + FCs): Gross trading proAJOIAU Interest rates- Deposits with local autEXEGAU Gross capital stock: manufacturing (revAJMTAU FT: ordinary industrial share index (19FT FT: ordinary industrial share index (19FTT (ft/1749.43)*100 GKK (exegau/385.6)*100 GK exegau*1000 CCC Capital consumption : manufacturing (reCC Capital consumption : manufacturing (reGIC Total Economy: GDFCF: CP NSA: BPV: ManuGI Total Economy: GDFCF: K90NSA: BPV: ManuYC Manufacturing: total income #m INDEXY IOP: D: Total manufacturing (IOM) (1990GP Manufacturing: gross profits of companiSA GDP: manuf (revised def): stock appreciLI log(GI ) LID li-li(-1) LY log(indexy ) LYD ly-ly(-1) LIDD li-2*li(-1)+li(-2) LIDDD lidd-lidd(-1) LIDDDD liddd-liddd(-1) NI gi-cc NIGK ni/gk GICGK gic/gk GIGK gi/gk GINI gi-ni C Intercept term DY y-y(-1) NID ni-ni(-1) Y indexy*116165/100 I log(gi) K log(gk) GKKK log(gkk) FTTT log(ftt) INPT Intercept term TIME Time trend GKKKK gkkk-gkkk(-1) IK i/k Q1 FTT/GKK  aA aAT@$@X@@4@j@@@@@r@P@P@8@@@@,@@W@(@@@@@@@ @@@z@@:@@@@@@@ f@@a@ @`@@`@@@@0@@px@@z@@:@@@@@@@ f@@@x@@̜@@f@@@ @@@@N@@@*@ҫ@@M@@@@@@]@h@4@@@@@{@@@v@@5@@@r@M@i@@@`@@ o@@p#@c@@@@@ @@{@@@v@@5@@@r@M@i@@@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aAzG(@1@(\-@/@(\B%@"@$@(@&@"@zGa*@(\.@,@\(%@@= ףp=@@(\@Q@ aAzG(@1@(\-@/@(\B%@"@$@(@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aAyu@̜u@33333u@fffffv@tv@v@333333w@w@x@`x@Tx@@@@q@:@@@@@ aADYy@ёԤ*@%#gd@#@ 򳧔μ@۾@L@@M@ aA aA aA aA aA aA aA aA aA+C@9D@Uh@Ъ@$l@0C0C@V@ⴢyq@^j@pc@(+ȑ@b*G߸@ڥ @i9Y`@oSɷ@>1R,@(K@]`@۽=@7k@V(@(((((@JfqB)@7:@&$`p@q9V@U(Bm@@@@@@@@^@@q@@@a@M@G@ aAJfqB)@7:@&$`p@q9V@U(Bm@@@@@@ aA aA aA aA aA aA aA aA aAh@Ј@@p@@ @ @@0@@|@@@@@@@@@p@@@@Y@y@@N@@@^@@@@?@@@@H@=@o@@ aA@Y@y@@N@@@^@@ aA aA aA aA aA aA aA aA aA"@@@ @@G@i@)@@@q@@@5@@o@@@{@@@@@@{@ @@@b@o@@@@ @D@@@@@n@@ aA@@{@ @@@b@o@@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA@@@)@@@H@@@Y@@`@A@@`[@ {@@@P@`@!@@0@@[@&@@@^A aA@`@A@@`[@ {@@@P@ aA aA33333sD@fffffE@̌G@@H@ G@33333H@J@fffffK@K@@L@L@M@P@fffffP@33333P@fffffP@fffff&R@̬R@S@ S@33333T@YU@ffffffU@333333U@fffffU@fffffW@YW@U@fffff&V@33333V@33333V@fffffV@33333T@lS@ffffffS@S@̌T@ U@ffffffU@ffffffV@W@ Y@Y@fffffW@W@33333W@33333X@`Y@ aA33333V@33333V@fffffV@33333T@lS@ffffffS@S@̌T@ U@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA*@"@+@@@"@_@a@@@m@e@@!@@@@@A@@@@@`@`F@@@3@@@@@ aAa@@@m@e@@!@@@@@A@ aA aA aA aA aA aA aA aA aA@^@f@n@`a@:@"@A@,@J@`@h@@i@J@0x@Pw@p@x@0@@`@ƨ@@@T@ϳ@@n@`@@@@ @@V@@p@@@ē@@@ aA@T@ϳ@@n@`@@@@ aA aA aA aA aA aA aA aA aA!H!@ԃQZ!@`5T!@psZ!@cg4~!@dB!@h"0"@,M "@ZUQܿ!@QI !@6"@lCܝ"@ƴ"@?}n"@3 "@@"@lQj"@0"@Kef"@ۜ"@(u8["@vz'"@"@f"@'#@O*"@Fj"@yfR"@2L"@S"@/KuRy"@L]J9*"@Iү"@ꖯ N#@9:#@4 #@*4"@ "@("@T6"@Tٵ"@ aA"@f"@'#@O*"@Fj"@yfR"@2L"@S"@/KuRy"@ aA aA aA aA aA aA aA aA aA aA@a?@Z?b V @@kE?Ϡ85?¿{E]?̤~?+Kɟ?g#9\?fE?™.?氿2R/N??L32󕴿ڪ;k?k?H=?l:VrȸEʿ9B?`M񷆿PFЦ?šT?*O콘?SO?fQv8?r􊪿MG!?⍄? aA;k?k?H=?l:VrȸEʿ9B?`M񷆿PFЦ?šT? aA aA_d @<@)=Ձt@t Rq @ՊB@x?53@I%@~aW @EW9 @@lH@@Դem@Uk@ah2@wU,@Ӻf:@Ed@gNz@ aA֢gw6@@@n?#l@zRi@'wJh@ZHZ|@^@ER;@ aA aA aA 'Hv? N$F{?%fh?L^V?@[C?l$?@y]4֗?S^4ʦs?II?pe>|Y?g0i??m(?3?,ժ?Gz?@Le?^b?)c?Ý:$?:'? !%+Pk>?Sj4v?K v?P_b'1 +NFP!U30? V ?/B?Z`}?6%b?{6e?$ou?^`ZSs)l ztM!?ru ?kp? aASj4v?K v?P_b'1 +NFP!U30? V ?/B? aA aA aA aA aA aA aA aA aA aA aAR:F02(UbO?b^?@qQ@gFϿ bO Ma@?S2?3 Ϳ  tv?̓FȘI?@H[#\_2?"ү?oEǿ2L?4?n砻?aZW޷@X}H`ÿGKX赡?aWBآ?v[O?`Qs{@>]ɿ3mX?`?<*m)*td?'?/1?؞ aA4?n砻?aZW޷@X}H`ÿGKX赡?aWBآ?v[O?`Qs{ aA aA aA aA aA aA aA aA aA aA aA aA\?xſ@ZY?ȿɷ#?y EKgVvó?]r?`Q?w2?t: aAэz?4f ?bпɿ׭Fí ؽ?w;a?YJ׿@.>\?xſ aA aA aA aA aA aA aA aA aA aA aA aA aAF1?i[?䓰ֿsDg&?@u,?@{޿Є(̿@VU-?-2`e!ϿL %? }ſJ?,}$?`}q׿Kb)T}f?BJZj¿0Z˿ N?BO?Ć?@^3vٿP#?_&ӿ~Ewd?%տdDb'~`3@?e? +kG^D?@S}̿ aABJZj¿0Z˿ N?BO?Ć?@^3vٿP#?_&ӿ aA aA aA aA aA aA aA aA aAڨa@`ƻ}@V.@^Ԡ@ (4l@x@'F@ @r"2h@N7P@ո8L@BJ"l@Ʀ3 @i6@m@+@T6:@ k0@!S@Z*J@@t콓@$H@ho }(@x4N%H՗@p\b!̎HHpq@@@d@z@@e@H{i@ aAt콓@$H@ho }(@x4N%H՗@p\b!̎HHpq@ aA aA aA aA aA aA aA aA aAαEf?4/U?Mu'?-?KHʅ?o?̌?9?9ϕـ?[E+ ?Na΢?tN)`?'F?4F? /?YS򴄏?g؎?ih(?w-ȝ?n!?B*y?Ѡ5l?dkp?|JR?*"׎?mt~r?W\5gnAer~mt=.J)R|n?Ľ6X?Eac?i~2-t?b̯e}?Mހ/r?J q3=?Ӧxa"wj8{RRD klA? aAdkp?|JR?*"׎?mt~r?W\5gnAer~mt=.J)R|n? aA aA aA aA aA aA aA aA aA Rlq?t?.P^v?!St?ɔq+ts?Lcv?сz? X+x?˿t?pXw?pˉͼy?|\nz?3 y?ܼz?i|?X5Te?tC? }?r"Y?P@̈́?32#?V]*z?V?L?D?D3?oOu?V4?z ͒u?.ڒ?v?n}?ZΠ?  ?e9?,?1R,@(K@]`@۽=@7k@V(@(((((@JfqB)@7:@&$`p@q9V@U(Bm@@@@@@@@^@@q@@@a@M@G@ aAJfqB)@7:@&$`p@q9V@U(Bm@@@@@@ aA aA???????????????????????????????????????????????? aA????????? aA aA aAQ@p= @ ףp=i@Pǥp= @Gz@p= @(\ ]Gz@&(\ @`ǵ@(\ ]@(\ m@p= ߤ@pfff9@`z@Gz@&@Q@ G:"@(\ m@(\ @ ףU@&@@Ǖ(\ (\ @Q8۞@&@(\ m(\oУp=j$(\ ](\ @fff9@p= ߤ@)\B@&@Qe@ Q@(\ m`耸DžGz@&@)\B@ aAQ8۞@&@(\ m(\oУp=j$(\ ](\ @fff9@p= ߤ@ aA aA aA aA aA aA aA aA aA aAc@&ĜO@rnβt(rC~@La@("܌w?xpK@>y<8@o"5v#2}@@gA2,x@p @壒cci^@dX =@po }h*8Vme@UӖ@ b Lw@X |XqHkzÁh@@Pv@@ @4 {8@h@ aAVme@UӖ@ b Lw@X |XqHkzÁh@@ aA aAR2@= ף@G6@̀@Hz&@Q0@~@q= ]@(\bO@@̌@G@&@֣p=-@Ra<@֣p=^@= ף@Hzt/@ffff֍@#@QG=)@=:G)@S[!RR)@E])@J#l)@fu)@-z)@tb~)@T)ف)@`܆)@)@u)@1)@k[`$)@ J ʰ)@FOV령)@Xp)@ҝ)@)@Cz?U)@ҝ)@ aAS[!RR)@E])@J#l)@fu)@-z)@tb~)@T)ف)@`܆)@)@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA˟I@2 #@g(@?lf@ ![#@"lY2@`D@JGZ@Uk@gPw@ yu@~q@cs@Xtu@gPw@ aA aA aA aA aA˟I@2 #@g(@?lf@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA,@ډ@ {$@]Hy@sC@hn5 @N{Qo @fD@Yd@|Yd @ @E9P@\Q@!κb[_@&x& @ź[F| @[ۖk @o; @B5 @01O @O%o @u @?3@@?@@@@@A@A@B@B@C@C@D@D@E@E@F@F@G@G@H@H@I@I@@@@@A@A@B@B@C@C@D@ aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aAi$z?μ ?L la?:t? sS^?=MVK?y n?%?GOL~?Z?sn?b̠?NW^r?+Q,?NvI?ަ;?A?^|q?=?]Λ8?T]cy?up? f? ?Vo?A!?cCnE?p3?E;S? ?sZB?\?AN9? g?%>}?ie@?5qP?Ѓ41?cʋZ?z? aAup? f? ?Vo?A!?cCnE?p3?E;S? ? aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aA aAqɘl?[E?MRC?ı?yC?f۵&?Q?1H??2@`?^Kd? =q? y3?yqk??F,? aA aA aA aA aAqɘl?[E?MRC?ı?All cos (ICCs + FCs): gross trading profits less stock appreciation #m NSA All cos (ICCs + FCs): Gross trading profits (inc. stock appreciation) #m NSA Interest rates- Deposits with local authorities: 3 months Gross capital stock: manufacturing (revised definition)(1990 prices) #bn FT: ordinary industrial share index (1935=100) FT: ordinary industrial share index (1935=100) (ft/1749.43)*100 (exegau/385.6)*100 exegau*1000 Capital consumption : manufacturing (re Capital consumption : manufacturing (re Total Economy: GDFCF: CP NSA: BPV: Manu Total Economy: GDFCF: K90NSA: BPV: Manu Manufacturing: total income #m IOP: D: Total manufacturing (IOM) (1990 Manufacturing: gross profits of compani GDP: manuf (revised def): stock appreci log(GI ) li-li(-1) log(indexy ) ly-ly(-1) li-2*li(-1)+li(-2) lidd-lidd(-1) liddd-liddd(-1) gi-cc ni/gk gic/gk gi/gk gi-ni Intercept term y-y(-1) ni-ni(-1) indexy*116165/100 log(gi) log(gk) log(gkk) log(ftt) Intercept term Time trend gkkk-gkkk(-1) i/k FTT/GKK