Table B.1.

Summary of domestic and foreign variables included in the country-specific models.

	All Countries Excluding US		US
Variables	Endogenous	Weakly Exogenous	Endogenous	Weakly Exogenous
Coal consumption	coalit	coalit∗	coalUS, t	coalUS, t∗
Nat. gas consumption	gasit	gasit∗	gasUS, t	gasUS, t∗
Oil consumption	oilit	oilit∗	oilUS, t	oilUS, t∗
GDP per capita	gdpit	gdpit∗	gdpUS, t	gdpUS, t∗
Real exchange rate	epit	–	–	epUS, t∗
Real equity price	eqit	eqit∗	eqUS, t	–
Coal price	–	pcoalt	–	pcoalt
Nat. gas price	–	pgast	–	pgast
Oil price	–	poilt	–	poilt