| Variables | Data source | Definition | ||
| INDEPENDANTS VARIABLES | RealGDP growth (annual %) | gdp+ | International Monetary Fund (IMF) | GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. |
| Employment to population ratio, 15+, total (%) (national estimate) | Emp− | World Bank | Employment to population ratio is the proportion of a country’s population that is employed. Employment is defined as persons of working age who, during a short reference period, were engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period (i.e., who worked in a job for at least one hour) or not at work due to temporary absence from a job, or to working-time arrangements. | |
| Access to electricity (% of population) | elec+ | World Bank | Access to electricity is the percentage of population with access to electricity. Electrification data are collected from industry, national surveys, and international sources. | |
| Internet users (%) | inet+ | International Telecommunication Union (ITU) | This indicator can include the proportion of individuals using the Internet. | |
| Mobile-cellular subscriptions per 100 inhabitants (‰) | mobi+ | International Telecommunication Union (ITU) | Mobile-cellular telephone subscriptions included to the number of subscriptions to a public mobile-telephone service that provide access to the PSTN using cellular technology. The indicator includes (and is split into) the number of postpaid subscriptions; and the number of active prepaid accounts (i.e., that have been used during the last three months). | |
| Urban population (% of total population) | urba+ | United Nations Population Division | Urban population refers to people living in urban areas as defined by national statistical offices. | |
| Score-Starting a business (%) | ssbu+ | World Bank | Score-Starting a business measures the gap between an economy’s performance and the regulatory best practice on the Starting a business indicator components. | |
| Government expenditure on education, total (% of government expenditure) | Educat+ | World Bank | General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.) | |
| Financial system deposits to GDP (%) | Findvpt+ | World Bank | Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP. | |
| DEPENDENT VARIABLES | CFwc | 1 | The Cambridge Centre for alternative Finance | Ready for crowdfunding if they have a local platform = 1 |
| CFwc | 0 | The Cambridge Centre for alternative Finance | Not ready for crowdfunding if they don’t have a local platform = 0 | |