Table 3

Descriptive statistics

VariableObservationMeanStd. Dev.MinMax
Working Poverty Rate (WPR)1,66622.8324.63096.1
Trade Openness (CTS)1,66665.83196.700.00011930.39
Trade Share (Trade % of GDP)1,66679.0738.150.17351.11
Growth Rate1,6664.675.22−36.7063.38
Age Dependency Ratio1,66669.7418.1034.52111.78
School Enrollment1,666103.2816.4021.72150.79
Unemployment Rate1,6667.985.750.1629.77
Inflation1,66626.85602.07−35.8424411.03
Labor Productivity1,6669285.869502.1750661016

Note(s): There were some missing values in school enrollment and inflation data which have been filled up by the mean value over the period of 2000–2016 for each nation

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