Table 2

Summary of descriptive statistics

VariableObsMeanStd. devMin.Max.
EG (index)22543.23810.64022.28783.455
TG (index)22540.74712.75514.39682.066
FG (index)22545.79611.35125.38984.843
TR (% of GDP)22567.92132.5041.387229.638
FDI (% of GDP)2254.0287.481−2.81670.308
FDIND (index)2250.1420.1110.0030.640
FIIND (index)2250.2150.1290.0040.722
FMIND (index)2250.0640.1110.0000.535
Y (GDP per capita/CPI)22561.998486.4851.1287251.211
K (% of GDP)22522.0888.3603.55449.627
INF (CPI)22595.86661.6660.251708.266
EXR (LCU per US$)225528.1311015.3450.2178526.922
GE (% of GDP)22514.4646.9511.14642.938
INFRA (index from PCA)225−0.0140.916−1.6431.513
QII (index)225−0.0071.183−2.3592.200

Source(s): Authors’ estimations

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