Descriptive statistics of the variables
| Variable | Observation | Mean | Std. dev | Min | Max |
|---|---|---|---|---|---|
| TB | 450 | −0.250 | 0.571 | −2.269 | 0.919 |
| Rexch | 450 | 230.24 | 238.91 | 0.0001 | 732.40 |
| Trade | 450 | 65.64 | 23.75 | 6.32 | 131.49 |
| DGDP | 450 | 2.88e+10 | 6.45e+10 | 1.12e+08 | 4.16e+11 |
| FGDP | 450 | 3.20e+12 | 3.31e+12 | 2.45e+11 | 1.15e+13 |
| Variable | Observation | Mean | Std. dev | Min | Max |
|---|---|---|---|---|---|
| TB | 450 | −0.250 | 0.571 | −2.269 | 0.919 |
| Rexch | 450 | 230.24 | 238.91 | 0.0001 | 732.40 |
| Trade | 450 | 65.64 | 23.75 | 6.32 | 131.49 |
| DGDP | 450 | 2.88e+10 | 6.45e+10 | 1.12e+08 | 4.16e+11 |
| FGDP | 450 | 3.20e+12 | 3.31e+12 | 2.45e+11 | 1.15e+13 |
Source(s): Authors’ construct
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