Table 3.
Descriptive statistics of regression variables.
| Variable | Obs | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|---|
| efficiency | 372 | 0.5775 | 0.1735 | 0.1478 | 1.0000 |
| pgdp | 372 | 45846.53 | 24188.58 | 10971.00 | 128207.00 |
| fiscal | 372 | 7.0400 | 3.8179 | 2.6793 | 24.3355 |
| urban | 372 | 0.5673 | 0.1370 | 0.2230 | 0.8960 |
| edu | 372 | 6.1046 | 6.1594 | 0.8900 | 41.1800 |
| depend | 372 | 13.9660 | 3.6932 | 6.7100 | 25.4800 |