The File reg1_70on+ind.dta is the Stata equivalent for the reg1_70on+ind.xls file.

it is a panel: 
	33 countries (32 effective: Israel has no obs.):
Algeria,Argentina, Brazil
Ivory Coast,Chile,China,Colombia,Dominican Rep,Ecuador,Egypt,El Salvador,Hungary,Indonesia,Israel,Korea,Lebanon
Malaysia,Mexico,Marocco,Nigeria,Panama,Peru,Philippines,Poland,Russia,South Africa,Thailand,Tunisia,Turkey,Ukraine,Uruguay,Venezuela

	years: from 1970 (effective 1975) to 2002
	Dependent: y (Spread>1000) and snp (SnP defaults from MRS till 1975)

run reg1_70on lagging.do: it creates ystar (PesSy Indicator)
			  it lags all regressors

(optional) dropping.do: drop some useless variable

all other .do files: run some specifications

output stored in:
output.log
comp1994on.log

sub-folder \Stata Files\some output 
.log files: some output saved by day