Table 1

Descriptive statistics summary of the employed panel data

VariablesMeanStandard DeviationMinMaxObservations
GDP (USD million)Overall108,698.7100,773.12,756.00528,9104.6N = 75
Between121,155.53,397.42241,113.9n = 3
Within15,401.1770,808.8156,689.4T = 25
ISEC (USD million)Overall7,729.13610,201.6874.5810931,424.05N = 75
Between11,918.7132.093721,465.93n = 3
Within2,844.4571,783.58117,687.26T = 25
TRADEOverall0.89273490.38368090.34560531.426386N = 75
Between0.45377770.41683811.320567n = 3
Within0.08988750.7294211.378321T = 25
GFCF (USD million)Overall33,214.4533,346.45762.704897,731.01N = 75
Between40,132.441,184.39578,232.39n = 3
Within4,871.80220,553.6852,713.06T = 25
CPIOverall118.037617.0902598.25291152.3715N = 75
Between19.3880299.54021138.2078n = 3
Within6.171967100.0584132.2012T = 25

Note(s): N (Observations Number), n (Panel Number: Three countries) and T (Periods: 2013Q4–2019Q4)

Source(s): Executed by authors

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