Table 1 Variables, measurements and... | Emerald Publishing

Table 1

Variables, measurements and sources

Variable	Symbol	Description	Review source	Data source
Financial development	lnF	Domestic credit to private sector, as percentage of GDP	Agyapong and Bedjabeng (2020), Hauner (2009), Kotera and Okada, (2017), Brzozowski and Siwinska-Gorzelak (2013), Kapaya (2021)	World Bank (2018)
Capital expenditure	lnK	Gross government capital formation, as percentage of GDP	Xu and Yan (2014), Adeyemi et al. (2022), Ouédraogo et al. (2020)	World Bank (2018)
Consumption expenditure	lnC	Government final consumption expenditure, as percentage of GDP	Ouédraogo et al. (2020)	World Bank (2018)
GDP per capita	lnG	GDP per capita	Kotera and Okada (2017)	World Bank (2018)
Young population	lnY	Population ages 0–14, as percentage of total population	Kotera and Okada (2017)	World Bank (2018)
Mature population	lnM	Population ages 15–64, as percentage of total population		World Bank (2018)
Trade Openness	lnO	The sum of exports and imports divided by GDP	Kotera and Okada (2017)	World Bank (2018)
Inflation	lnI	Inflation, as annual percentage	Kotera and Okada (2017)	World Bank (2018)

Variable	Symbol	Description	Review source	Data source
Financial development	lnF	Domestic credit to private sector, as percentage of GDP	Agyapong and Bedjabeng (2020), Hauner (2009), Kotera and Okada, (2017), Brzozowski and Siwinska-Gorzelak (2013), Kapaya (2021)	World Bank (2018)
Capital expenditure	lnK	Gross government capital formation, as percentage of GDP	Xu and Yan (2014), Adeyemi et al. (2022), Ouédraogo et al. (2020)	World Bank (2018)
Consumption expenditure	lnC	Government final consumption expenditure, as percentage of GDP	Ouédraogo et al. (2020)	World Bank (2018)
GDP per capita	lnG	GDP per capita	Kotera and Okada (2017)	World Bank (2018)
Young population	lnY	Population ages 0–14, as percentage of total population	Kotera and Okada (2017)	World Bank (2018)
Mature population	lnM	Population ages 15–64, as percentage of total population		World Bank (2018)
Trade Openness	lnO	The sum of exports and imports divided by GDP	Kotera and Okada (2017)	World Bank (2018)
Inflation	lnI	Inflation, as annual percentage	Kotera and Okada (2017)	World Bank (2018)

Source(s): Table by author