VARIABLE

Average

Standard deviation

Min

Max

Fiscal Policy Indicators:

Ÿ Total government spending (gge)

21.807

8.962

11.3

56.4

Ÿ Total government revenues (ggr)

27.750

9.332

8.39

54.8

Natural Resource Rent (tnrr)

27.762

19.545

5.247

84.22

Indicators of Governance

Ÿ Political governance:

ü Freedom of expression and accountability (vacc)

−0.115

0.361

-2

−0.321

ü Political instability and violence (psnv)

−0.717

0.758

−2.7

0.637

Ÿ Economic governance:

ü Effectiveness of public action (gef)

−1.135

0.367

−1.85

−0.199

ü Quality of regulation (rq)

−0.997

0.387

−1.68

0.175

Ÿ Institutional governance:

ü Effective law enforcement (rl)

−1.165

0.359

−1.84

−0.206

ü Control of corruption (ccorr)

−1.178

0.246

−1.81

−0.591