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Table 1 Descriptive statistics.

From: Migrant’s remittance and investment financing nexus in Africa: Does investment climate matter?

Variable

Mean

Maximum

Minimum

JB

Prob. value

Obs

INV

19.722

60.018

0.000

38.862

0.000

632

REM

3.499

87.560

0.000

44,678.06

0.000

632

GOVSIZE

0.002

1.853841

− 3.806

497.397

0.000

632

OPENMAK

− 0.005

3.078768

− 4.008

264.681

0.000

632

REGEFF

− 0.011

1.957099

− 3.948

622.150

0.000

632

RULAW

− 0.001

17.85079

− 0.563

579,252.7

0.000

632

INTR

5.718

70.75000

− 3.60167

7765.643

0.000

632

GROWTH

2.505

140.371

− 31.333

814,102.4

0.000

632

TRAD

70.517

311.354

0.000

717.616

0.000

632

CRED

22.119

160.125

0.000

3508.599

0.000

632

  1. INV private investment, REM remittance, Cred credit to private sector, Growth GDP growth rate, TRAD trade openness, RULAW Rule of Law, INTR interest rate, GOVSIZE government size, REGEFF regulatory efficiency, OPENMAK open market