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Table 3 Summary statistics

From: India’s trade with South and Central Asia: an application of institution-based augmented gravity model

Variables

Mean

Standard deviation

Minimum value

Maximum value

TT

18.76

3.66

0

27.22

GDPi

25.35

2.37

19.92

30.69

GDPj

25.36

2.37

19.92

30.69

PCGDPD

8.64

1.98

− 1.94

11.42

Contig

.12

.32

0

1

Comlang

.07

.26

0

1

DIS

8.14

.71

5.68

9.65

RTA

.12

.32

0

1

Instwi

.49

.18

.025

.96

Instwj

.49

.18

.025

.96

Insti

50.08

.18

1.61

96.86

Instj

50.08

.18

1.61

96.86

InstrRTA

5.61

.16

0

95.41

InstpRTA

5.64

.16

0

95.41