Table 2 Summary statistics Variable Mean...

Table 2

Summary statistics

Variable		Mean	Std. Dev	Minimum	Maximum	Observations
GDPPCGR	Overall	343.455	80.222	25	463	N = 231
	Between		28.628	277.905	383.476	n = 11
	Within		75.415	90.550	521.550	T = 21
FDI	Overall	122.346	66.278	12	237	N = 231
	Between		28.929	78.571	166.048	n = 11
	Within		60.239	−14.225	247.823	T = 21
TLF	Overall	7,285,513	1.23e+07	357,935	5.74e+07	N = 231
	Between		1.27e+07	509,861.1	4.47e+07	n = 11
	Within		2,199,795	−3146,759	2.00e+07	T = 21
GFCF	Overall	113.026	66.784	1	228	N = 231
	Between		18.783	76.095	143.381	n = 11
	Within		64.327	−11.355	249.359	T = 21
Democ	Overall	2.675	4.729	−8	8	N = 231
	Between		4.039	−5.048	6.524	n = 11
	Within		2.732	−8.087	10.437	T = 21
FinDev	Overall	536.013	147.866	25	679	N = 231
	Between		70.834	353.333	603.286	n = 11
	Within		131.466	34.537	797.680	T = 21
PTS	Overall	2.701	0.798	1	5	N = 231
	Between		0.499	2.238	4	n = 11
	Within		0.640	1.273	5.273	T = 21

Variable		Mean	Std. Dev	Minimum	Maximum	Observations
GDPPCGR	Overall	343.455	80.222	25	463	N = 231
	Between		28.628	277.905	383.476	n = 11
	Within		75.415	90.550	521.550	T = 21
FDI	Overall	122.346	66.278	12	237	N = 231
	Between		28.929	78.571	166.048	n = 11
	Within		60.239	−14.225	247.823	T = 21
TLF	Overall	7,285,513	1.23e+07	357,935	5.74e+07	N = 231
	Between		1.27e+07	509,861.1	4.47e+07	n = 11
	Within		2,199,795	−3146,759	2.00e+07	T = 21
GFCF	Overall	113.026	66.784	1	228	N = 231
	Between		18.783	76.095	143.381	n = 11
	Within		64.327	−11.355	249.359	T = 21
Democ	Overall	2.675	4.729	−8	8	N = 231
	Between		4.039	−5.048	6.524	n = 11
	Within		2.732	−8.087	10.437	T = 21
FinDev	Overall	536.013	147.866	25	679	N = 231
	Between		70.834	353.333	603.286	n = 11
	Within		131.466	34.537	797.680	T = 21
PTS	Overall	2.701	0.798	1	5	N = 231
	Between		0.499	2.238	4	n = 11
	Within		0.640	1.273	5.273	T = 21

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