Data Sources

http://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/
http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators#
Dependent variable in all models
Independent variables in different models

Country Name United KingdomUnited Kingd United Kingd

Series Name GDP (current USInflation, con Personal remi
1986 [YR1986] 601452653180.885
1.7779459051
1369103027
1987 [YR1987] 745162608269.325
2.5326492537
1119103027
1988 [YR1988] 910122732123.799
4.261548471
1626415283
1989 [YR1989] 926884816753.927
5.2375951693
1684590454
1990 [YR1990] 1093169389204.55
6.9726830485
2099054688
1991 [YR1991] 1142797178130.51
7.5326492537
2089116943
1992 [YR1992] 1179659529659.53
4.261548471
2033339478
1993 [YR1993] 1061388722255.55
2.50650026
1768091675
1994 [YR1994] 1140489745944.29
1.9784902597
1968876343
1995 [YR1995] 1237561937825.47
2.6564520943
2469017578
1996 [YR1996] 1306575663026.52
2.4811009886
2519045410
1997 [YR1997] 1446444007858.55
1.7779459051
2882998047
1998 [YR1998] 1537103345478.64
1.5889239918
2994852295
1999 [YR1999] 1565408509949.85
1.3354065673
3400120605
2000 [YR2000] 1554801028899.99
0.7852694286
3613534424
2001 [YR2001] 1535942133294.95
1.2358946803
4824936035
2002 [YR2002] 1680256294964.03
1.2561924982
4484412109
2003 [YR2003] 1943025306122.45
1.3629215446
5029055176
2004 [YR2004] 2297889051629.44
1.3445957594
5914622559
2005 [YR2005] 2418941818181.82
2.0496683109 6045166080.363
2006 [YR2006] 2588077276908.92
2.333527794 6105706285.509
2007 [YR2007] 2969733893557.42
2.321035915 6556335761.432
2008 [YR2008] 2793376838235.29
3.6134988857 5995100746.382
2009 [YR2009] 2314577036921.64
2.1662313719 5242981856.729
2010 [YR2010] 2403504326328.8
3.2857142857 4951404772.711
2011 [YR2011] 2594904662714.31
4.4842396448 5099003470.86
2012 [YR2012] 2630472981169.65
2.8217097471 4944716072.769

2013 [YR2013]
2014 [YR2014]
2015 [YR2015]

2712296271989.99

2.5545466865 4804502413.002

2990201431078.23

1.4601916089

2848755449421.34

4932330423.54

0.050020842 4998792884.894

es-since-1960/
ment-indicators#

United Kin United Kingdo Average annual OPEC crude oil price from 196
Personal reForeign direct investment, net (BoP, current US$)
1580819824 8448719923.60631

13.53

1110819824 15850160395.7082

17.73

1624140381 15205149253.0296

14.24

1737755127 4270004425.58103

17.31

2034061890 -13379913178.091

22.26

2007352173 302418661.365094

18.62

1977544434

3139617820.2475

18.44

1578851318 10735545430.3215

16.33

2071802490 24171411205.4612

15.53

2581019531 27379619676.3163

16.86

2003548828 9301532237.31374

20.29

2482042725 23386816482.3935

18.86

2287193848 48157120557.6836

12.28

2036230835 112468843045.518

17.44

2044089966 127916379256.162

27.6

3342161621 21321018557.6055

23.12

2439120605 31141421727.9504

24.36

2623518799 46063225322.9755

28.1

3552068848 41580064154.0727

36.05

9643117679 -92742954100.2226

50.59

10645651381 -61381481565.7496

61

11596568483 160880316709.816

69.04

11211837188

103242148985.75

94.1

9274761990 -62945021961.1457

60.86

9565109385 -12327098017.1828

77.38

9931101010 53820290820.4577

107.46

10077435197 -34725396713.5594

109.45

10528125662 -64628132092.2261

105.87

11569365231 -134052855457.624

96.29

10875677249 -101175564627.203

49.49

e oil price from 1960 to 2016 (in U.S. dollars per barrel)
ent US$)

Code
Indicator Name
NY.GDP.PETR.RT.ZS Oil rents (% of GDP)
NY.GDP.MKTP.CD
GDP (current US$)
FP.CPI.TOTL.ZG
Inflation, consumer prices (annual %)
BX.TRF.PWKR.CD.DTPersonal remittances, received (current US$)
BM.TRF.PWKR.CD.DTPersonal remittances, paid (current US$)
BN.KLT.DINV.CD
Foreign direct investment, net (BoP, current US$)
FR.INR.DPST
Deposit interest rate (%)
EP.PMP.SGAS.CD
Pump price for gasoline (US$ per liter)
EP.PMP.DESL.CD
Pump price for diesel fuel (US$ per liter)

Long definition
Oil rents are the difference between the value of crude oil produc
GDP at purchaser's prices is the sum of gross value added by all
Inflation as measured by the consumer price index reflects the a
Personal remittances comprise personal transfers and compensatio
Personal remittances comprise personal transfers and compensatio
Foreign direct investment are the net inflows of investment to acq
Deposit interest rate is the rate paid by commercial or similar b
Fuel prices refer to the pump prices of the most widely sold grad
Fuel prices refer to the pump prices of the most widely sold grade

Source
Estimates based on sources and methods described in "The Changing Wealth of Nations: Measuring S
World Bank national accounts data, and OECD National Accounts data files.
International Monetary Fund, International Financial Statistics and data files.
World Bank staff estimates based on IMF balance of payments data.
World Bank staff estimates based on IMF balance of payments data.
International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
International Monetary Fund, International Financial Statistics and data files.
German Agency for International Cooperation (GIZ).
German Agency for International Cooperation (GIZ).

h of Nations: Measuring Sustainable Development in the New Millennium" (World Bank, 2011).