Table 5.
Descriptive analysis.
| Variables | Mean | Median | Maximum | Minimum | Std. Dev. | Skewness | Kurtosis |
|---|---|---|---|---|---|---|---|
| FEC | 77.116 | 84.796 | 92.142 | 51.318 | 13.658 | −0.630 | 1.811 |
| REC | 23.809 | 17.280 | 48.920 | 3.180 | 16.798 | 0.194 | 1.376 |
| TEC | 2102.783 | 1630.171 | 5167.010 | 398.735 | 1442.328 | 0.805 | 2.523 |
| GPR | 0.291 | 0.201 | 1.140 | 0.025 | 0.278 | 1.129 | 3.523 |
| FDI | 2.335 | 2.092 | 5.368 | 0.205 | 1.300 | 0.236 | 2.001 |
| ECG | 4.773 | 4.823 | 14.230 | −7.799 | 3.618 | −0.316 | 3.552 |
| BSD | 64.170 | 54.059 | 165.390 | 16.823 | 35.457 | 1.225 | 3.644 |
| IFR | 5.834 | 5.181 | 21.477 | −1.401 | 3.886 | 1.066 | 4.975 |
Acronyms: FEC = fossil fuel energy consumption, REC = renewable energy consumption, TEC = total energy consumption, GPR = geopolitical risk, FDI = foreign direct investment, ECG = economic growth, BSD = banking sector development, IFR = inflation rate.
Source: self-calculation.