|
Asia |
Africa |
Latin America |
|
China |
Algeria |
Argentina |
|
India |
Egypt |
Bolivia |
|
Indonesia |
Morocco |
Brazil |
|
Jordan |
South Africa |
Chile |
|
Korea |
Tunisia |
Colombia |
|
Malaysia |
Zimbabwe |
Costa Rica |
|
Pakistan |
Ecuador | |
|
Philippines |
Guatemala | |
|
Sri Lanka |
Jamaica | |
|
Syria |
Mexico | |
|
Thailand |
Paraguay | |
|
Turkey |
Peru | |
|
Venezuela |
Table 3: Country List
|
Variables | ||||
|
Mean |
StDev |
Max |
Min | |
|
Air-DepartureLevel |
0.23 |
0.20 |
0.89 |
0.014 |
|
RoadLevel |
0.082 |
0.114 |
0.461 |
0.002 |
|
TelecircuitLevel |
0.084 |
0.086 |
0.375 |
0.002 |
|
log((GDP/Capita)Average) |
7.99 |
0.504 |
8.97 |
7.08 |
|
log((GDP)Average) |
10.73 |
1.47 |
13.16 |
8.29 |
|
Openness |
14.09 |
13.017 |
68.18 |
2.30 |
|
Nat. ResourceAverage |
16.23 |
24.66 |
95.93 |
0.0041 |
|
Latitude |
9.21 |
23.02 |
39.02 |
-35.82 |
|
Stock Tot. Liab.Average |
0.73 |
0.363 |
1.79 |
0.224 |
|
Stock FDIAverage |
0.12 |
0.096 |
0.40 |
0.005 |
|
Stock Port. EquityAverage |
0.012 |
0.023 |
0.098 |
0.00 |
|
Stock DebtAverage |
0.589 |
0.339 |
1.62 |
0.157 |
|
Flow Tot. Liab.Average |
0.04 |
0.037 |
0.11 |
-0.028 |
|
Flow FDIAverage |
0.016 |
0.014 |
0.069 |
0.00013 |
|
Flow Port. EquityAverage |
0.0025 |
0.0035 |
0.013 |
0.00 |
|
Flow DebtAverage |
0.025 |
0.033 |
0.119 |
-0.046 |
Table 4: Summary Statistic
22
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