TableĀ 1

Summary statistics of dependent and independent variables

VariablesNMeanStd. deviation
Dependent
GDPG1604.2304.657
Independent
FDI1601.8671.540
Trade openness16040.6616.248
Inflation160189.9663.727
Liquid liabilities16061.2343.078
Human capital16087.2936.757
Gross capital formation16026.849.369
Labor1602.472.86

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