Skip to main content

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***