Table 4.
Summary statistics of the determinants of DSTFEE across the regions in Africa.
| Variables | Africa | North | West | Central | East | South |
|---|---|---|---|---|---|---|
| DSTFEE | 0.403 | 0.703 | 0.351 | 0.541 | 0.160 | 0.669 |
| Economic growth (PGDP) | 2493.761 | 3284.929 | 1196.570 | 4403.956 | 1514.049 | 5488.011 |
| REC | 58.841 | 18.768 | 65.539 | 67.986 | 70.177 | 31.511 |
| Urbanization | 43.098 | 54.635 | 43.497 | 54.980 | 27.564 | 50.022 |
| Trade openness | 71.501 | 61.859 | 71.027 | 79.148 | 61.010 | 101.504 |
| FDI | 5.184 | 2.029 | 7.391 | 4.008 | 5.242 | 3.032 |
| Financial development | 26.315 | 44.690 | 19.652 | 10.738 | 24.229 | 65.745 |
| Industrial structure | 26.155 | 28.889 | 21.425 | 41.840 | 19.396 | 29.385 |