if 𝐬𝐟𝐮𝐬𝐞𝐡𝐢𝐬𝐭=3 then (converge)
SFINSTABALLBaseγt=PredictedTermftPredictedTermft−1*𝐒𝐅𝐈𝐍𝐒𝐓𝐀𝐁𝐀𝐋𝐋γt−1
SFINSTABALLγt=ConvergeOverTime(SFINSTABALLBaseγt,PredictedTermft,𝐩𝐨𝐥𝐜𝐨𝐧𝐯)where<math>PredictedTerm=ANALFUN(GDPPCPγt,DemocTermt,InfMorTermt,TradeTermt,Educ25Termt)
DemocTerm=DemoPolityγ
InfMorTerm=INFMORγWINFMOR
TradeTerm=Xγ+MγGDP*100
Educ25Term=EDYRSAG25γ