Symbols | Descriptions | Sources | |
Dependent variables | |||
HC1 | Poverty headcount ratio at national poverty lines (% of population) | World Bank Dataset23 | |
HC2 | Poverty headcount ratio at $2.15 a day (% of population) | ||
PGap | Poverty gap at $2.15 a day (%) | ||
Independent variables | |||
AB | Number of active borrowers (per 1000 adults) | MIX Market24 | |
LN | Average loan balance per borrower/GNI per capita (%) | ||
CVS: Control variable set | |||
AL | Arable land (% of land area) | Food and Agriculture Organization (FAO) dataset25 | |
AGR | Agriculture, forestry, and fishing, value added (% of GDP) | World Bank Dataset | |
CPI | Inflation, consumer prices (annual %) | International Monetary Fund (IMF), International Financial Statistics (IFS) | |
POP | Population ages 0 - 14 (% of total population) | United Nations Population Division. World Population Prospects: 2022 Revision | |
TR | Trade (% of GDP) | World Bank Dataset | |
EDU | Government expenditure on education, total (% of GDP) | UNESCO Institute for Statistics (UIS)26 | |
HE | Current health expenditure (% of GDP) | World Health Organization (WHO), Global Health Expenditure database27 | |
FDI | Foreign direct investment, net inflows (% of GDP) | International Monetary Fund (IMF), International Financial Statistics (IFS) | |
RPOP | Rural population (% of total population) | United Nations Population Division’s World Urbanization Prospects | |