... Iceland, India, Israel, Japan, Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy, Jamaica, the Netherlands, Norway, Sweden, Switzerland, Trinidad, the United Kingdom, Australia, and ... trade (exports and imports) and invisibles (payments and receipts for financial and other services). We transformed each measure into a 0 to 100 scale taking 100*(CAPITAL/4) and 100*(CURRENT/8). ... Harvey, and Christian Lundblad. 2000. “Emerging Equity Markets and Economic Development.” NBER Working Paper #7763. Brunetti, Aymo. 1998. “Policy Volatility and Economic Growth: A Comparative, ...