Table 2 Description of variables
S/N | Variables | Measurement | Source | Symbols |
|---|---|---|---|---|
1 | Ecological Footprint | global hectares per capita | GFN (2019b) | ef |
2 | Biocapacity | global hectares per capita | GFN [24] | bi |
3 | Natural resource | Natural resources rent (% of GDP) | WDI [81] | nr |
4 | Urbanization | % of total population | WDI [81] | ub |
5 | Globalization | Overall KOF index | KOF [35] | gb |
6 | Financial development | Broad‐based index of financial depth access and efficiency | IMF [29] | fd |
7 | Human development index | Score | UNDP [76] | hd |