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26 Source: Hsiao et. al. (2012, Fig. 8)
Figure 9.1. Actual and AICC Predicted Real GDP Growth Rate from 1993Q1 to 2003Q4 Source: Hsiao et. al. (2012, Fig. 7) Figure 9.2. AICC –Actual and Counterfactual Real GDP Growth Rate from 2004Q1 to 2008Q1 Source: Hsiao et. al. (2012, Fig. 8)

27 Figure 9.3. Actual and AIC Predicted Real GDP Growth Rate from 1993Q1 to 2003Q4
Source: Hsiao et. al. (2012, Fig. 10) )

28 Figure 9.4. AIC – Actual and Counterfactual Real GDP Growth Rate from 2004Q1 to 2008Q1
Source: Hsiao et. al. (2012, Fig. 11)

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