Variables

Description

Source

lngdpgi,t

Natural logarithm of GDP per capita growth (annual %)

Authors’ calculation based on World Bank―world development indicators

lngfcfi,t

Natural logarithm of Gross fixed capital formation (% of GDP)

Authors’ calculation based on World Bank―world development indicators

gdpppei,t

Natural logarithm of GDP per person employed (constant 2011 PPP $)

World Bank―world development indicators

lngeri,t

Natural logarithm of Gross enrolment ratio, tertiary, both sexes (%)

Authors’ calculation based on World Bank―education statistics

lngoetei,t

Natural logarithm of Gross expenditure on tertiary education (% of GDP)

Authors’ calculation based on World Bank―world development indicators