Dependent Variable
V1 GDP Quarterly IL   Real GDP per capita price
    Explanatory Variables
V2 OIL Price Quarterly UK brent Oil Price in US Dollars
V3 INT Quarterly IL effective rate
V4 Exch Quarterly Exchange Rate ILS –US
V5 EMP Quarterly Number of Employees in IL
V6 WAGE Quarterly IL Average Wage
V7 WAR Dummy Variable
Table 3: List of variables used in the analysis of fundamental factors affecting IL real GDP per capita prices and returns.