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Table 3 Descriptive statistics

From: Assessing the determinants of government spending efficiency in Africa

Variable

Obs

Mean

Std.Dev

Min

Max

HDI

840

0.502

0.116

0.252

0.804

GOV

840

14.028

5.125

.952

35.351

GDP

840

4.03e + 10

8.24e + 10

3.51e + 08

5.47e + 11

LAB

840

64.863

13.025

40.3

89.05

CAP

840

21.778

8.745

1.097

81.021

RENT

840

11.005

10.499

.001

58.65

COR

840

-0.648

0.563

− 1.57

1.22

EFFE

840

-0.696

0.602

− 1.88

1.06

COL

840

46.575

12.337

6

98

DUM_RE

840

0.575

0.495

0

1

EFF

840

0.968

0.027

0.811

0.993

  1. HDI human development index, GOV government spending, GDP size of an economy, LAB labour productivity, CAP gross fixed capital formation, RENT resources rent, COR control of corruption, EFFE government effectiveness, COL colonial legacy, DUM_RE dummy variable, EFF efficiency