Sample and summary statistics (mean value, 2000–2017)
| Country | GDPpc | Net Gini | FD Index | FI Index | FM Index | MP |
|---|---|---|---|---|---|---|
| Benin | 765.80 | 45.29 | 0.12 | 0.24 | 0.0002 | −0.02 |
| Botswana | 6,467.61 | 58.07 | 0.25 | 0.42 | 0.07 | 0.13 |
| Burkina Faso | 559.19 | 44.07 | 0.11 | 0.22 | 0.002 | 0.10 |
| Burundi | 229.51 | 38.73 | 0.11 | 0.18 | 0.03 | 0.43 |
| Cameroon | 1,296.42 | 44.63 | 0.10 | 0.19 | 0.002 | 0.12 |
| Cape Verde | 3,061.61 | 50.26 | 0.21 | 0.42 | 0.002 | 0.37 |
| Central African Republic | 421.30 | 52.31 | 0.07 | 0.13 | 0.00 | 0.61 |
| Côte d'Ivoire | 1,294.97 | 49.94 | 0.19 | 0.24 | 0.13 | 0.46 |
| Gambia | 800.11 | 44.69 | 0.09 | 0.18 | 0.00 | 0.33 |
| Ghana | 1,292.28 | 42.51 | 0.11 | 0.17 | 0.04 | 0.31 |
| Guinea-Bissau | 555.13 | 42.77 | 0.05 | 0.09 | 0.00 | 0.11 |
| Kenya | 942.66 | 46.66 | 0.16 | 0.25 | 0.07 | 0.21 |
| Lesotho | 1,130.38 | 52.21 | 0.14 | 0.28 | 0.002 | −0.22 |
| Madagascar | 475.96 | 43.98 | 0.10 | 0.18 | 0.006 | 0.58 |
| Malawi | 441.43 | 46.38 | 0.08 | 0.14 | 0.02 | 0.18 |
| Mali | 679.62 | 40.21 | 0.12 | 0.23 | 0.006 | 0.22 |
| Mauritania | 1,211.84 | 39.49 | 0.11 | 0.20 | 0.01 | 0.57 |
| Mauritius | 7,652.64 | 37.69 | 0.39 | 0.50 | 0.28 | 0.34 |
| Mozambique | 448.13 | 46.00 | 0.12 | 0.21 | 0.03 | 0.07 |
| Namibia | 5,206.40 | 65.55 | 0.34 | 0.61 | 0.05 | 0.01 |
| Niger | 350.08 | 38.89 | 0.10 | 0.18 | 0.01 | 0.24 |
| Nigeria | 2,078.71 | 43.82 | 0.22 | 0.22 | 0.22 | 0.14 |
| Rwanda | 545.62 | 50.05 | 0.09 | 0.17 | 0.004 | 0.15 |
| Senegal | 1,265.12 | 41.73 | 0.13 | 0.26 | 0.003 | −0.002 |
| Sierra Leone | 402.48 | 42.16 | 0.07 | 0.14 | 0.004 | 0.03 |
| South Africa | 7,027.20 | 59.36 | 0.55 | 0.66 | 0.42 | 0.31 |
| Sudan | 1,475.18 | 37.99 | 0.09 | 0.18 | 0.001 | 0.55 |
| Swaziland | 3,994.36 | 58.64 | 0.15 | 0.28 | 0.01 | −0.11 |
| Tanzania | 717.12 | 43.48 | 0.11 | 0.20 | 0.01 | 0.07 |
| Togo | 546.67 | 43.55 | 0.12 | 0.22 | 0.03 | 0.21 |
| Uganda | 576.95 | 44.17 | 0.10 | 0.18 | 0.02 | −0.02 |
| Zambia | 1,339.15 | 55.00 | 0.10 | 0.18 | 0.02 | 0.14 |
| Sample average | 1,726.61 | 46.84 | 0.15 | 0.25 | 0.05 | 0.21 |
| Country | GDPpc | Net Gini | FD Index | FI Index | FM Index | MP |
|---|---|---|---|---|---|---|
| Benin | 765.80 | 45.29 | 0.12 | 0.24 | 0.0002 | −0.02 |
| Botswana | 6,467.61 | 58.07 | 0.25 | 0.42 | 0.07 | 0.13 |
| Burkina Faso | 559.19 | 44.07 | 0.11 | 0.22 | 0.002 | 0.10 |
| Burundi | 229.51 | 38.73 | 0.11 | 0.18 | 0.03 | 0.43 |
| Cameroon | 1,296.42 | 44.63 | 0.10 | 0.19 | 0.002 | 0.12 |
| Cape Verde | 3,061.61 | 50.26 | 0.21 | 0.42 | 0.002 | 0.37 |
| Central African Republic | 421.30 | 52.31 | 0.07 | 0.13 | 0.00 | 0.61 |
| Côte d'Ivoire | 1,294.97 | 49.94 | 0.19 | 0.24 | 0.13 | 0.46 |
| Gambia | 800.11 | 44.69 | 0.09 | 0.18 | 0.00 | 0.33 |
| Ghana | 1,292.28 | 42.51 | 0.11 | 0.17 | 0.04 | 0.31 |
| Guinea-Bissau | 555.13 | 42.77 | 0.05 | 0.09 | 0.00 | 0.11 |
| Kenya | 942.66 | 46.66 | 0.16 | 0.25 | 0.07 | 0.21 |
| Lesotho | 1,130.38 | 52.21 | 0.14 | 0.28 | 0.002 | −0.22 |
| Madagascar | 475.96 | 43.98 | 0.10 | 0.18 | 0.006 | 0.58 |
| Malawi | 441.43 | 46.38 | 0.08 | 0.14 | 0.02 | 0.18 |
| Mali | 679.62 | 40.21 | 0.12 | 0.23 | 0.006 | 0.22 |
| Mauritania | 1,211.84 | 39.49 | 0.11 | 0.20 | 0.01 | 0.57 |
| Mauritius | 7,652.64 | 37.69 | 0.39 | 0.50 | 0.28 | 0.34 |
| Mozambique | 448.13 | 46.00 | 0.12 | 0.21 | 0.03 | 0.07 |
| Namibia | 5,206.40 | 65.55 | 0.34 | 0.61 | 0.05 | 0.01 |
| Niger | 350.08 | 38.89 | 0.10 | 0.18 | 0.01 | 0.24 |
| Nigeria | 2,078.71 | 43.82 | 0.22 | 0.22 | 0.22 | 0.14 |
| Rwanda | 545.62 | 50.05 | 0.09 | 0.17 | 0.004 | 0.15 |
| Senegal | 1,265.12 | 41.73 | 0.13 | 0.26 | 0.003 | −0.002 |
| Sierra Leone | 402.48 | 42.16 | 0.07 | 0.14 | 0.004 | 0.03 |
| South Africa | 7,027.20 | 59.36 | 0.55 | 0.66 | 0.42 | 0.31 |
| Sudan | 1,475.18 | 37.99 | 0.09 | 0.18 | 0.001 | 0.55 |
| Swaziland | 3,994.36 | 58.64 | 0.15 | 0.28 | 0.01 | −0.11 |
| Tanzania | 717.12 | 43.48 | 0.11 | 0.20 | 0.01 | 0.07 |
| Togo | 546.67 | 43.55 | 0.12 | 0.22 | 0.03 | 0.21 |
| Uganda | 576.95 | 44.17 | 0.10 | 0.18 | 0.02 | −0.02 |
| Zambia | 1,339.15 | 55.00 | 0.10 | 0.18 | 0.02 | 0.14 |
| Sample average | 1,726.61 | 46.84 | 0.15 | 0.25 | 0.05 | 0.21 |
Notes:
This table reports the mean values of the variables used in the paper. The summary statistics show the mean value for each country and the total sample. The GDP per capita (GDPpc) is in constant US$. The Gini coefficient values are the disposable Gini. Higher values of the Gini show higher income inequality. Financial Development |(FD), Financial Institutions (FI) and Financial Markets (FM) indices range between 0 and 1. The closer the indices are to 1, the more developed the financial system. Monetary policy (MP) is represented by the structural shocks
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