Variables/Determinants

Abbreviation

Mean

Median

Min

Max

Std.Dev.

Skewness

Kurtosis

Z-Score

Z

10.1759

9.9870

6.2233

17.6844

2.4574

1.0598

1.5617

Gross Domestic Product Growth

GDP

1.6195

1.9679

−4.3408

6.9274

2.2745

−0.6296

0.6979

Exchange rate

ER

36.7923

39.8769

15.4880

65.7144

13.6725

0.1072

−0.3384

Political stability index

PS

−1.0436

−0.9747

−2.0819

−0.5725

0.3763

−1.0018

0.5259

Regulatory quality index

RQ

−1.0184

−1.0136

−1.3937

−0.7403

0.1618

−0.5349

−0.3058

Bank lending-deposit interest rate spread

BLIS

15.1582

15.2687

7.3620

34.5615

6.8251

1.0229

0.8016

Investment freedom index

IF

30.9091

30.0002

5.1918

41.6929

6.1450

−1.4802

6.1740

Property rights index

PR

10.1364

10.0000

9.5215

13.7212

0.6545

4.5348

20.4003