Table 3 Descriptive statistics
From: Do remittances promote financial development in Africa?
Variable | Obs. | Mean | Median | Std. Dev. | Min | Max | Shapiro–Wilk |
|---|---|---|---|---|---|---|---|
CRD | 996 | 27.1761 | 19.5365 | 22.2356 | −0.0019 | 201.5771 | 11.43*** |
BDP | 997 | 23.5619 | 16.9534 | 19.1251 | 0.7152 | 144.6355 | 11.42*** |
M2 | 1022 | 32.9913 | 24.3781 | 23.6300 | 0.8306 | 151.5489 | 11.82*** |
REM | 821 | 4.0119 | 1.6503 | 8.3421 | 0.0002 | 78.5704 | 13.96*** |
LOGGDP | 1071 | 9.6751 | 9.6611 | 0.6779 | 8.0994 | 11.6040 | 4.352*** |
PCGDP | 1071 | 1346.213 | 513.3625 | 2204.502 | 64.8101 | 23,511.28 | 14.24*** |
INF | 1046 | 30.6025 | 7.3539 | 234.2625 | −10.0088 | 5399.526 | 15.89*** |
FDI | 1042 | 3.4696 | 1.7108 | 5.7311 | −6.8976 | 60.2826 | 13.76*** |
EXP | 1057 | 29.8862 | 27.1386 | 16.3537 | 1.9457 | 91.5139 | 8.724*** |