Table A2

Descriptive Statistics

VariablesObsMeanStd. DevMinMax
Enrolment in primary education, female1,1462496.528329.3740.09963015.11
Enrolment in secondary education, female1,3572856.1678699.6030.0974526.86
female government spending on primary education1,65475.5299.19725.936100
female government spending on secondary education1,65979.4516.31242.014100
C31,36968.63420.48417.047100
C51,11979.82916.60831.855100
Democracy1,3757.8312.708112
Electricity1,46071.21633.3511.252100
Urbanization1,4602.6471.955−2.86919.612
FDI1,4393.8745.014−37.17357.877
Inflation1,4366.9968.605−25.95886.826
Trade openness1,38274.26538.11520.723347.997
Corruption1,455−0.4360.671−1.6721.718

Note(s): C5: The total assets held by the five largest banks in countries. C3: The total assets held by the three largest banks in countries. FDI: foreign direct Investments

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