Descriptive statistics of studied variables
| Variable | Definition | Mean | Standard deviation | Minimum | Maximum |
|---|---|---|---|---|---|
| LGDP | Gross domestic product | 24.90648 | 0.543711 | 24.07761 | 25.91618 |
| LEDG | External debt to GDP ratio | 3.256078 | 0.373994 | 2.437032 | 3.818250 |
| LBDG | Budget deficit to GDP ratio | 1.340610 | 0.378156 | 0.438974 | 1.892538 |
| LINF | Inflation rate | 4.254761 | 0.737010 | 2.807171 | 5.459590 |
| LTO | Trade openness | 3.317340 | 0.339146 | 2.814678 | 3.873509 |
| LSER | Secondary enrollment ratio | 3.576560 | 0.451682 | 2.796932 | 4.261364 |
| LP | Population, total | 18.61908 | 0.224202 | 18.21576 | 18.90896 |
| LMD | Multilateral debt to total debt ratio | 4.038220 | 0.246742 | 3.493907 | 4.329751 |
| Observations | 38 | ||||
| Variable | Definition | Mean | Standard deviation | Minimum | Maximum |
|---|---|---|---|---|---|
| Gross domestic product | 24.90648 | 0.543711 | 24.07761 | 25.91618 | |
| External debt to GDP ratio | 3.256078 | 0.373994 | 2.437032 | 3.818250 | |
| Budget deficit to GDP ratio | 1.340610 | 0.378156 | 0.438974 | 1.892538 | |
| Inflation rate | 4.254761 | 0.737010 | 2.807171 | 5.459590 | |
| Trade openness | 3.317340 | 0.339146 | 2.814678 | 3.873509 | |
| Secondary enrollment ratio | 3.576560 | 0.451682 | 2.796932 | 4.261364 | |
| Population, total | 18.61908 | 0.224202 | 18.21576 | 18.90896 | |
| Multilateral debt to total debt ratio | 4.038220 | 0.246742 | 3.493907 | 4.329751 | |
| Observations | 38 | ||||