3.3. Data Sources and Model Estimation
The annual aggregate data used in this study span from 1993 to 2012. The data were sourced from online
databases of Czech Statistical Office, World Bank world development indicators, OECD, and ETH KOF Index of
Globalization.
The method employed in this paper borrows extensively from the standard neoclassical production function and
so we set out to incorporate the variables of interest in an econometric model. The model specification is as
highlighted below: