Descriptive statistics
| Variable | Obs | Mean | Std. dev | Min | Max |
|---|---|---|---|---|---|
| Dependent variables | |||||
| CPI inflation (Annual %) | 3,762 | 7.287 | 25.435 | −16.859 | 1058.374 |
| GFCF growth (Annual %) | 2,152 | −4.868 | 132.014 | −678.370 | 786.510 |
| GFCF level (Units) | 4,224 | 6.097 | 41.433 | −294.161 | 2357.677 |
| Key independent variable | |||||
| Credit impulse (% of GDP) | 4,239 | 0.676 | 6.992 | −140.453 | 149.494 |
| Controls | |||||
| Real GDP growth (%) | 5,967 | 3.533 | 6.437 | −54.336 | 149.973 |
| Trade openness (% GDP) | 5,112 | 87.851 | 56.515 | 0.021 | 863.195 |
| Current account (% GDP) | 4,878 | −2.431 | 13.651 | −147.997 | 311.746 |
| Lending interest rate (%) | 3,425 | 14.764 | 14.311 | 0.500 | 291.059 |
| Institutional quality (0–100) | 4,870 | 48.708 | 29.018 | 0.00 | 100.00 |
| Variable | Obs | Mean | Std. dev | Min | Max |
|---|---|---|---|---|---|
| CPI inflation (Annual %) | 3,762 | 7.287 | 25.435 | −16.859 | 1058.374 |
| GFCF growth (Annual %) | 2,152 | −4.868 | 132.014 | −678.370 | 786.510 |
| GFCF level (Units) | 4,224 | 6.097 | 41.433 | −294.161 | 2357.677 |
| Credit impulse (% of GDP) | 4,239 | 0.676 | 6.992 | −140.453 | 149.494 |
| Real GDP growth (%) | 5,967 | 3.533 | 6.437 | −54.336 | 149.973 |
| Trade openness (% GDP) | 5,112 | 87.851 | 56.515 | 0.021 | 863.195 |
| Current account (% GDP) | 4,878 | −2.431 | 13.651 | −147.997 | 311.746 |
| Lending interest rate (%) | 3,425 | 14.764 | 14.311 | 0.500 | 291.059 |
| Institutional quality (0–100) | 4,870 | 48.708 | 29.018 | 0.00 | 100.00 |
Note(s): The sample covers 266 economies from 1995 to 2024. All continuous variables are winsorized at the 1st and 99th percentiles to reduce the influence of outliers. Credit Impulse is calculated as the annual change in the private-credit-to-GDP ratio
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.