1980-1999 | 2000-2013 | |||
No. of observations | 311 | 397 | ||
Variable | Mean | Std. Err. | Mean | Std. Err. |
GDP per capita | 945.7575 | (58.75119) | 1614.33 | 100.7506 |
Gross capital formation | 21.8569 | 0.6236674 | 22.8486 | 0.4185061 |
FDI net inflows | 1.660072 | 0.2556347 | 4.350426 | 0.2980835 |
Public invest. (%GDP) | 8.879247 | 0.3007102 | 7.602776 | 0.2000825 |
Private invest. (%GDP) | 14.07851 | 0.5129147 | 14.22882 | 0.3378688 |
Primary education | 87.10338 | 1.571724 | 103.0571 | 1.03696 |
Population 15 - 64 | 53.28569 | 0.2573083 | 55.95213 | 0.3010879 |
Population growth | 2.508483 | 0.0652767 | 2.290563 | 0.0458587 |
Fiscal balance | −2.875114 | 0.3204948 | −2.160211 | 0.2567121 |
External debt (% of GDP) | 79.43013 | 3.333907 | 53.92505 | 1.992051 |
Credit to private sector | 20.00677 | 1.102684 | 25.92097 | 1.477892 |
Domestic demand | 109.881 | 0.317373 | 109.7408 | 0.8976776 |
Real interest rate | 7.120834 | 0.7857104 | 9.810229 | 0.5289201 |
REER (1997 = 100) | 136.1643 | 14.39596 | 96.00119 | 1.58689 |
Inflation | 14.38074 | 1.279202 | 8.663156 | 1.180876 |
Trade openness | 66.69018 | 1.977268 | 73.46059 | 1.614753 |
Px/Pm | 103.2714 | 2.516365 | 103.9135 | 4.857099 |
Px/Py | 227.589 | 729.5908 | 243.7542 | 22.48241 |