Variables

Meaning

Values (units)

Source

polistab

“political stability” of the country including terrorism and other kinds of violence with political motivation;

[−2.5; +2.5]

WGI

govereff

“government effectiveness” is related from the one side, to the performance public and civil service and their autonomy vis-à-vis political pressure; as well as government ability to “formulate and implement” efficient policies;

[−2.5; +2.5]

reguq

“regulation quality” to assess the performance of regulation policies as well as private sector promotion;

[−2.5; +2.5]

Rullaw

“rule of law”, this parameter is assessing the confidence in the rule, police and justice to ensure contracts between parties, property rights and deal with violence;

[−2.5; +2.5]

corrup_cont

the “control of corruption”, is describing how tools of the State are illegally used for private purposes supposing all form of corruption as evoked in the “capture” theory by “elites” and private “groups”;

[−2.5; +2.5]

access_elec

is the electrification rate or access rate to electricity. It is the dependent variable;

Percentage (%)

WDI

gdp_cap

GDP per capita; and lgdp_cap will indicate the neperian logarithm of the gdp_cap;

USD ($US)

pop_density

is the density of the population to indicate the number of people per km²;

Inhabitant(s)/km²

invprivsec

to show the private investment level in the energy sector;

USD ($US)

pop_growth

is the variable related to the growth rate of the population;

Percentage (%)

urban_pop_r

is the urban population rate which means the rate of the population living in urban area.

Percentage (%)