STLIVStandard of Living Index
References in periodicals archive ?
STLIV is calculated as the sum of private consumption plus government consumption net of military expenditure, so we compute military expenditure simply by subtracting STLIV from the sum of private and government consumption (all in percentages of GDP).
Because of the limited availability of the STLIV variable (1970-1989, which means that the first-step regressions have to rely on fewer than twenty degrees of freedom), and in order to exploit efficiency gains from joint estimation, we prefer to combine the two steps as in equation (10).