Table 2.

Variable Description and Descriptive Statistics [4]

DescriptionSourceVariablesMeanMedianSDSkewnessKurtosis [5]JB[6]
Forest conversionFAOlogf18.5758.9651.992 .7963.0560.000
Agricultural area (share of total land)agri area2.706.9124.5952.2937.1240.000
Financial outreach
No. ATMs per 100,000 adultsFASatm 10003.325.79316.58912.507165.1920.000
No. ATMs per 1000 km2atm 1000008.224.00913.7253.00612.1880.000
No. commercial banks per 1000 km2bank 10001.673.4853.4504.75833.8270.000
No. commercial banks per 100,000 adultsbank 1000003.8292.7154.1804.69442.9940.000
Financial usage
No. deposit accounts with commercial banks per 1,000 adultsdeposit310.864169.327399.7282.4669.6060.000
No. depositors with commercial banks per 1,000depositor220.624150.326249.7302.52511.6980.000
Credit provided to the private sector by banks per GDPcredit14.94112.30411.6112.41911.1240.000
GDP per capita (log, constant 2015 US$)WDIloggdp27.0226.7520.972.8562.8180.000
Forest rents (share of GDP)frent6.715.4395.8801.7116.4280.000
Trade openness (sum export and import as share of GDP)trade71.45469.38629.969.7253.0890.000
Population growth (annual, %)pop growth2.6892.7290.808 .5664.960.000
Note(s):

The tests of means, covariances, and correlations with multivariate normality assumption conducted, Doornik-Hansen Chi-square statistics are significant at 1%

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