A Comparison of Autometrics and Penalization Techniques under Various Error Distributions: Evidence from Monte Carlo Simulation

Table 4

Variables description.

Sr. No	Variables	Symbols	Source of data
1	Gold prices	GP	Yahoo! Finance
2	Gross domestic growth	GDP	SBP
3	Inflation	INF	WDI
4	Interest rate	IR	WDI
5	Unemployment	UEMP	WDI
6	Trade openness	TO	WDI
7	Stock market performance	SP	IFS
8	Real effective exchange rate	REER	WDI
9	Government stability	GS	ICRG
10	Credit premium risk	CPR	IFS
11	Oil prices	OP	Yahoo! Finance
12	Market rate	MR	IFS

Note: WDI stands for world development indicators; SBP stands for state bank of Pakistan; IFS stands for international financial statistics; and ICRG stands for international country risk guide.