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Table 2 Descriptive Statistics for the variables

From: Financial innovation and economic growth in Bangladesh

Variables

lnCPI

lnM2 M1

lnGDPPC

lnGEXP

lnGCF

lnDCB

lnTO

Part 1. Summary Statistics

 Mean

1.72

0.31

1.21

1.61

3.16

3.64

3.46

 Median

1.82

0.30

1.18

1.62

3.20

3.78

3.37

 Maximum

2.37

0.55

1.75

1.69

3.36

4.12

3.87

 Minimum

0.69

0.20

0.073

1.41

2.82

3.01

2.93

 Std. Dev.

0.47

0.07

0.42

0.06

0.16

0.39

0.27

 Skewness

−0.85

1.69

−0.77

−1.38

−0.73

−0.36

−0.12

 Kurtosis

2.72

5.48

3.19

5.26

2.33

1.55

1.97

 Jarque-Bera

3.10

18.45

2.53

13.35

2.71

2.72

1.15

 Probability

0.21

0.089

0.28

0.012

0.25

0.25

0.56

Part 2. Correlation Matrix

 ln CPI

1

      

 lnM2 M1

0.18

1

     

 lnGDPPC

0.41

0.32

1

    

 lnGEXP

0.31

0.29

0.75

1

   

 lnGCF

0.32

0.59

0.81

0.85

1

  

 lnDCB

0.44

0.77

0.80

0.72

0.25

1

 

 lnTO

0.42

0.47

0.85

0.71

0.31

0.91

1

  1. Note: 1. CPI: Consumer Price Index, M2/M1: Broad-to-Narrow Money, GEXP: Government Expenditure, GCF: Gross Capital Formation, DCB: Domestic Credit to Private Sector, TO: Trade Openness and GDPPC: Gross Domestic Product Per Capita. Variables are positively defined (see Table 1)
  2. Note 2: Values reported here are the natural logs of the variables. We use natural log forms in our estimation