Table A2 Descriptive statistics Variable...

Table A2

Descriptive statistics

Variable	Obs	Mean	Std. Dev	Min	Max
GROWTH	396	1.544	1.504	−6.728	6.830
FDI	396	2.757	4.568	−37.155	43.912
CREPRI	396	49.070	35.794	3.933	163.211
CREFIN	396	65.390	43.489	2.599	216.908
LIQUID	396	61.266	36.012	8.442	197.997
GC	396	12.469	5.383	3.460	29.867
DI	396	24.415	10.060	3.216	68.234
OPEN	396	83.028	42.193	21.929	220.407
INC	396	3.873	0.467	3.041	4.937
POP	396	1.475	0.931	−0.267	7.350
LABOR	396	67.551	10.287	48.491	88.533
INF	396	7.522	12.132	−25.128	143.693
INS	342	−0.231	0.505	−1.178	0.840

Variable	Obs	Mean	Std. Dev	Min	Max
GROWTH	396	1.544	1.504	−6.728	6.830
FDI	396	2.757	4.568	−37.155	43.912
CREPRI	396	49.070	35.794	3.933	163.211
CREFIN	396	65.390	43.489	2.599	216.908
LIQUID	396	61.266	36.012	8.442	197.997
GC	396	12.469	5.383	3.460	29.867
DI	396	24.415	10.060	3.216	68.234
OPEN	396	83.028	42.193	21.929	220.407
INC	396	3.873	0.467	3.041	4.937
POP	396	1.475	0.931	−0.267	7.350
LABOR	396	67.551	10.287	48.491	88.533
INF	396	7.522	12.132	−25.128	143.693
INS	342	−0.231	0.505	−1.178	0.840

Note(s): Values reported are the statistics of the variables used in the models, as defined and measured in Table A1. Data for institutional quality stem from the WGI, getting the values by definition from −2.5 to 2.5. The WGI data are not available for three years 1997, 1999 and 2001

Source(s): Author's calculations

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