Table A2

Primary data

VariableSourcesObsMeanStd. DevMinMax
Portfolio equity, net inflows (BoP, current US$)WDI – World Bank3362E+105E+10−2E+113E+11
Portfolio investment, net (BoP, current US$)WDI – World Bank332−3E+101E+11−8E+113E+11
GDP (current US$)WDI–World Bank3362E+123E+127E+102E+13
GDP growth (annual %)WDI – World Bank3362.673.49−9.1325.56
Stock market return (%, year-on-year)GFDD – World Bank3354.9422.84−44.35159.99
Stock market capitalization to GDP (%)GFDD – World Bank32677.0644.4011.28260.41
Real effective exchange rate index (2010 = 100)WDI – World Bank33697.6912.9255.32145.42
GDP deflator (base year varies by country)WDI – World Bank33699.3434.8017.18355.93
Goods, Value of Exports, Free on board (FOB), US DollarsDOT – IMF3364E+114E+111E+102E+12
Goods, Value of Imports, Cost, Insurance, Freight (CIF), US DollarsDOT – IMF3364E+115E+111E+102E+12
Economic Policy Uncertainty – Yearly mean from monthly datawww.policyuncertainty.com332120.5455.3127.00542.77
Economic Policy Uncertainty – Yearly Standard deviation from monthly datawww.policyuncertainty.com33237.4824.256.05242.73
World Uncertainty Index – Yearly mean from quarterly datawww.policyuncertainty.com336128.2432.7397.61206.05
World Uncertainty Index – Yearly Standard deviation from quarterly datawww.policyuncertainty.com33611.908.323.0733.46

Note(s): WDI is World Development Indicators database (2018 version) and GFDD is Global Financial Development Database (2018 version) of World Bank; DOT is Direction of Trade database of IMF. The data from www.policyuncertainty.com is provided by Scott R Baker et al. (2016) 

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