Table 3 Descriptive statistics Groups...

Table 3

Descriptive statistics

Groups	Variables	Mean	Std. Dev	Obs
Higher democracy index	GDP	5.46	1.35	108
	REM	23.2	1.32	108
	DEM	5.73	1.13	108
	GMI	69.31	15.91	108
	POP	18.51	1.51	108
	POL	−1.18	0.49	108
Lower democracy index	GDP	5.55	1.4	126
	REM	22.82	0.6	126
	DEM	4.29	1.11	126
	GMI	168.1	32.36	126
	POP	17.38	1.26	126
	POL	−0.92	0.84	126

Groups	Variables	Mean	Std. Dev	Obs
Higher democracy index	GDP	5.46	1.35	108
	REM	23.2	1.32	108
	DEM	5.73	1.13	108
	GMI	69.31	15.91	108
	POP	18.51	1.51	108
	POL	−1.18	0.49	108
Lower democracy index	GDP	5.55	1.4	126
	REM	22.82	0.6	126
	DEM	4.29	1.11	126
	GMI	168.1	32.36	126
	POP	17.38	1.26	126
	POL	−0.92	0.84	126

Note(s): Countries are grouped based on democracy index. Std.Dev: Standard Deviation, Obs: Observation, GDP: Gross Domestic Product, REM: Personal Remittances, DEM: Democracy Index, GMI: Gross Militarization Index, POP: Population

Source(s): Author's own computations

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