Table 1

Descriptive statistics of variables

AcronymDescriptionSourceExpected signalMax.Min.MeanStandard deviation
ln(y)Economic growth – natural logarithm of GDP per capita deflated by the implicit GDP deflatorIBGEEndogenous12.39607.86079.57850.6768
ln(H)Quantity of human capital – natural logarithm of the years of study of the population over twenty-five years oldRAIS+1.7888−1.90800.21530.5762
ln(Q)Quality of human capital – natural logarithmFactor Analysis (Figure 1)+0.69310.00000.44740.1150
ln(K)Physical capital – natural logarithm of the amount of trucks and tractors for every hundred inhabitantsDENATRAN+1.7559−4.56110.12440.9255
ln(D)Natural logarithm of the sum of capital depreciation rates, progress technology and population growthANATEL–2.5651−1.80070.22170.2438
IBGE

Note(s): D=n+g+δ

Source(s): Prepared by the authors

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