TABLE 2.

Summary statistics

Variable	Obs.	Mean	SD	Min	Max
Variables at log
LRGDP	30	7.492	0.242	7.207	7.849
LCAP	30	3.302	0.426	2.701	3.974
LLAB	30	3.724	0.225	3.367	4.106
LTOT	30	4.712	0.497	3.781	5.415
LFDI	30	0.431	0.610	‐0.693	1.756
LHEA	19	4.074	0.582	2.875	4.681
LLEXP	30	3.883	0.060	3.825	3.988
LDRT	30	2.769	0.154	2.473	2.923
Variables at level
RGDP	30	1845.52	452.05	1,348.68	2,563.90
CAP	30	29.59	12.18	14.90	53.19
LAB	30	42.46	9.57	28.98	60.70
TOT	30	124.72	58.73	43.88	224.77
FDI	30	1.85	1.25	0.50	5.79
HEA	19	66.73	27.84	17.72	107.87
LEXP	30	48.65	2.95	45.84	53.95
DRT	30	16.12	2.37	11.86	18.60