Table 3

Summary statistics OLS estimation (observations from 1994 to 1995 to 2015 to 2016)

VariableMeanSD.MinMaxObservations
LnER4.640.05424.564.7522
LnREP4.150.3333.704.7222
LnLP4.590.3424.025.0822
lnRD10.70.8429.4312.122
lnEXM4.811.053.366.6322
lnDM7.490.7846.508.8622

Note(s): (1) ER, exchange rate; REP, relative export price; LP, labor productivity; RD, a proxy for technology; DM, Overall demand for manufacture of Ethiopia and (2) all variables are in natural log(Ln). (3) EXM, the manufacturing export of India, is the dependent variable

Source(s): Authors’ computation

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