Table 1 Descriptive statistics and...

Table 1

Descriptive statistics and correlations

	SMD	FDI	EXR	INF	INT	BANK
Descriptives
Mean	26.462	0.221	81.964	6.957	3.826	43.556
Maximum	72.469	0.578	116.830	12.582	10.93	83.705
Minimum	4.527	−0.072	56.525	2.435	0.132	22.306
Std. Dev.	19.942	0.199	17.451	2.775	2.732	17.389
Skewness	0.602	0.315	0.584	0.120	1.101	0.766
Kurtosis	2.253	1.889	2.151	2.035	3.863	2.562
Jarque–Bera	2.093	1.698	2.173	1.030	5.824	2.649
Prob.	0.351	0.428	0.337	0.597	0.0544	0.265
Obs.	25	25	25	25	25	25
Correlations
lnSMD	1
lnFDI	0.278	1
lnEXR	0.751^***	0.38	1
lnINF	0.205	0.344	−0.085	1
lnINT	−0.478^**	0.007	−0.580^***	−0.168	1
lnBANK	0.898^***	0.483^**	0.910^***	0.082	−0.451^**	1

	SMD	FDI	EXR	INF	INT	BANK
Descriptives
Mean	26.462	0.221	81.964	6.957	3.826	43.556
Maximum	72.469	0.578	116.830	12.582	10.93	83.705
Minimum	4.527	−0.072	56.525	2.435	0.132	22.306
Std. Dev.	19.942	0.199	17.451	2.775	2.732	17.389
Skewness	0.602	0.315	0.584	0.120	1.101	0.766
Kurtosis	2.253	1.889	2.151	2.035	3.863	2.562
Jarque–Bera	2.093	1.698	2.173	1.030	5.824	2.649
Prob.	0.351	0.428	0.337	0.597	0.0544	0.265
Obs.	25	25	25	25	25	25
Correlations
lnSMD	1
lnFDI	0.278	1
lnEXR	0.751^***	0.38	1
lnINF	0.205	0.344	−0.085	1
lnINT	−0.478^**	0.007	−0.580^***	−0.168	1
lnBANK	0.898^***	0.483^**	0.910^***	0.082	−0.451^**	1

Note(s): SMD = stock market capitalization as a percentage of GDP; FDI = Net FDI inflow as percentage of GDP; EXR = Nomimal exchange rate (NRs/USD); INF = percentage change in consumer price index (2011 = 100); INT = short-term interest rate (91-day treasury bill); BANK = domestic credit to private sector as a percentage of GDP; ln = natural logarithm; ^*** and ^**:correlation is significant at 0.01 and 0.05 level (2-tailed), respectively

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