Table 3 Descriptive statistics of...

Table 3

Descriptive statistics of research variables

Variable	Mean	CV	Min	Max
GROWTH_it	2.59(%)	1.80	−18.37	26.75
POLITY_it	4.42	1.50	−10	10
PSTOCK_it	121.96	2.34	−446.53	672.28
Y_i0	5231.38	0.91	284.50	21,005.31
I_it	23.50(%)	0.38	2.01	66.77
L_it	1.66(%)	0.67	−4.72	7.73
D_it	14.4(%)	0.82	0.10	52.30
ETHNOLIG_i	0.28(%)	0.93	0	0.84
ENGLISH_i	0.35(%)	1.37	0	1
PROTESTANT_i	14.01(%)	1.71	0	97.8
CATHOLIC_i	43.32(%)	0.93	0	96.90
MUSLIM_i	12.20(%)	2.24	0	99.4
OTHER_i	30.63(%)	1.07	0.40	98.50
LATITUDE_i	0.31	0.62	0.01	0.71
TRADE_i	18.82	0.76	2.30	68.18
YR_t	1985	0.01	1960	2010
AGYEAR_it	46.94	0.52	3.22	105.10
WCF_i	8.57(%)	3.03	0	100
WCFCN_i	5.29(%)	3.75	0	100

Variable	Mean	CV	Min	Max
GROWTH_it	2.59(%)	1.80	−18.37	26.75
POLITY_it	4.42	1.50	−10	10
PSTOCK_it	121.96	2.34	−446.53	672.28
Y_i0	5231.38	0.91	284.50	21,005.31
I_it	23.50(%)	0.38	2.01	66.77
L_it	1.66(%)	0.67	−4.72	7.73
D_it	14.4(%)	0.82	0.10	52.30
ETHNOLIG_i	0.28(%)	0.93	0	0.84
ENGLISH_i	0.35(%)	1.37	0	1
PROTESTANT_i	14.01(%)	1.71	0	97.8
CATHOLIC_i	43.32(%)	0.93	0	96.90
MUSLIM_i	12.20(%)	2.24	0	99.4
OTHER_i	30.63(%)	1.07	0.40	98.50
LATITUDE_i	0.31	0.62	0.01	0.71
TRADE_i	18.82	0.76	2.30	68.18
YR_t	1985	0.01	1960	2010
AGYEAR_it	46.94	0.52	3.22	105.10
WCF_i	8.57(%)	3.03	0	100
WCFCN_i	5.29(%)	3.75	0	100

Note(s): The number of observations is 693 (63 countries over 11 periods). Since the means and the units are different, coefficient variation (CV for short) is a better measure of dispersion than the standard deviation is

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