Table 1 Summary statistics Country N... | Emerald Publishing

Table 1

Summary statistics

Country	N	Debt to GDP, %			Output gap, %
Country	N	Mean	S.D.	ADF	Mean	S.D.	ADF
Angola	23	0.76	0.54	−2.77^*	0.00	0.07	−2.74^*
Botswana	46	0.19	0.11	−2.49	0.00	0.05	−3.69^***
Eswatini	47	0.16	0.04	−1.66	0.00	0.06	−4.61^***
Lesotho	47	0.52	0.30	−1.48	0.00	0.07	−3.61^***
Malawi	47	0.56	0.29	−2.26	0.00	0.04	−4.79^***
Mozambique	19	0.71	0.32	−0.83	0.00	0.04	−3.80^***
Namibia	29	0.23	0.08	−2.17	0.00	0.03	−2.88^**
South Africa	47	0.37	0.07	−0.40	0.00	0.02	−3.58^**
Zambia	47	0.39	0.56	−2.44	0.00	0.03	−4.02^***
Zimbabwe	47	0.38	0.16	−0.18	0.00	0.10	−2.56

Country	N	Debt to GDP, %			Output gap, %
Country	N	Mean	S.D.	ADF	Mean	S.D.	ADF
Angola	23	0.76	0.54	−2.77^*	0.00	0.07	−2.74^*
Botswana	46	0.19	0.11	−2.49	0.00	0.05	−3.69^***
Eswatini	47	0.16	0.04	−1.66	0.00	0.06	−4.61^***
Lesotho	47	0.52	0.30	−1.48	0.00	0.07	−3.61^***
Malawi	47	0.56	0.29	−2.26	0.00	0.04	−4.79^***
Mozambique	19	0.71	0.32	−0.83	0.00	0.04	−3.80^***
Namibia	29	0.23	0.08	−2.17	0.00	0.03	−2.88^**
South Africa	47	0.37	0.07	−0.40	0.00	0.02	−3.58^**
Zambia	47	0.39	0.56	−2.44	0.00	0.03	−4.02^***
Zimbabwe	47	0.38	0.16	−0.18	0.00	0.10	−2.56

Note(s): Levels of statistical significance: *p < 0.1, **p < 0.05, ***p < 0.01