Table 1 Description of the variables... | Emerald Publishing

Table 1

Description of the variables

Variables	Unit of measurement	Source	Remarks	Justification
Gross Domestic Product (GDP) growth rate	Percentage	World Bank	Economic growth	Kapaya (2020), Nouri and Samimi (2011), Akalpler and Duhok (2018)
Money Supply (M2) (MS)	US Dollar (current)	World Bank	Monetary policy	Gnahe and Huang (2020), Li et al. (2010), Onyeiwu (2012), Fasanya et al. (2013), Srithilat et al. (2017)
Bank Rate (BR)	Percentage	International Monetary Fund	Monetary policy	Bondarchuk and Raboshuk (2020), Kamaan (2014)
Lending Interest Rate (LIR)	Percentage	World Bank	Monetary policy	Kamaan (2014), Rahman et al. (2019), Tule et al. (2018)
Exchange Rate (ER)	Local currency unit per USD	World Bank	Monetary policy	Gnahe and Huang (2020), Gul et al. (2012), Precious and Makhetha-Kosi (2014)

Variables	Unit of measurement	Source	Remarks	Justification
Gross Domestic Product (GDP) growth rate	Percentage	World Bank	Economic growth	Kapaya (2020), Nouri and Samimi (2011), Akalpler and Duhok (2018)
Money Supply (M2) (MS)	US Dollar (current)	World Bank	Monetary policy	Gnahe and Huang (2020), Li et al. (2010), Onyeiwu (2012), Fasanya et al. (2013), Srithilat et al. (2017)
Bank Rate (BR)	Percentage	International Monetary Fund	Monetary policy	Bondarchuk and Raboshuk (2020), Kamaan (2014)
Lending Interest Rate (LIR)	Percentage	World Bank	Monetary policy	Kamaan (2014), Rahman et al. (2019), Tule et al. (2018)
Exchange Rate (ER)	Local currency unit per USD	World Bank	Monetary policy	Gnahe and Huang (2020), Gul et al. (2012), Precious and Makhetha-Kosi (2014)