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Table 1 Descriptive statistics

From: ICT diffusion and the finance–growth nexus: a panel analysis on ECOWAS countries

Variable

Obs

Mean

SD

Min

Max

GR

156

4.7436

3.7725

− 20.4928

20.7157

FIN

156

15.9171

8.0854

1.3458

39.2841

ICTI

156

3.26E−08

1.2903

− 4.2836

2.3526

TOP

156

73.7225

38.8907

21.1243

311.3553

  1. Gr, FIN, ICT and TOP represent growth rate of gross domestic product, financial development measured by credit to private sector as a ratio of GDP, information and communication technology index and degree of openness