Table A2

Variables and data sources

VariablesDefinitionSource
FDIi,t“Foreign direct investment, net inflows (% of GDP)”WDI
CRi,t“Bank non-performing loans to total gross loans (%)”
MSi,t“GDP (constant 2010 US$)”
OPENi,t“Trade (% of GDP)”
INFi,t“Inflation, consumer prices (annual %)”

Source(s): Own elaboration using data of the World Bank

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