Table 2.

Summary of descriptive statistics

Variables	Minimum	Maximum	Median	Standard Deviation
FDI	0.002	0.367	0.070	0.118
Trade	0.010	0.982	0.132	0.211
IEPF	0.207	0.719	0.513	0.145
PPGT	0.116	2.317	0.344	0.447
DLFE	0.012	0.061	0.022	0.035
DLFR	0.011	0.211	0.013	0.025
DLFE _Cent	0.003	0.017	0.006	0.017
DLFR _Cent	0.071	0.869	0.531	0.518
ETDZ_Cent	1	27	12	4.281
Urbpopu	0.144	0.607	0.404	0.311
School	0.002	11.231	4.262	3.986
WL	1.249	4.852	2.073	2.147

A total of 2940 observations were used in the multi-level analysis