Variable

Comment

Mean

Standard Deviation

Min

Max

Cyclical component of total government spending (CGE)

126

−0.004

0.175

−0.360

0.758

Economic cycle (y0)

126

−0.372

3.286

−35.900

2.280

Regulatory quality (RQ)

126

−0.997

0.387

−1.680

0.175

Government debt as % of the GDP (debt)

126

51.468

41.112

0.000

204

Fluctuations in the terms of trade (TE)

126

−0.003

0.103

−0.285

0.216

GDP per capita (GDPC)

126

4557.857

5387.316

300

20,300

Inflation according to the GDP deflator (inflt)

126

140.150

93.201

23.800

476