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Table 1 Summary of descriptive statistics of research variables

From: Nexus between financial innovation and economic growth in South Asia: evidence from ARDL and nonlinear ARDL approaches

  Descriptive statistics Correlation Matrix
lnY lnFI lnTO lnGCF lnDCP   lnY lnFI lnTO lnGCF lnDCP
Country: Bangladesh
 Mean 0.827 3.322 3.24 2.215 2.757 lnY 1     
 Median 1.108 3.26 3.206 2.18 2.864 lnFI 0.395 1    
 Maximum 2.046 4.166 3.873 4.992 3.782 lnTO 0.444 0.284 1   
 Minimum −3.177 2.122 2.397 0.426 0.65 lnGCF 0.261 −0.349 −0.175 1  
 Std. Dev. 1.019 0.557 0.364 0.708 0.816 lnDCP 0.265 0.454 0.216 −0.031 1
 Skewness −1.972 −0.062 0.088 1.113 −0.83       
 Kurtosis 7.494 1.966 2.278 7.74 2.978       
 Observations 42 42 42 42 42       
Country: India
 Mean 1.314 3.821 3.046 2.031 3.282 lnY 1     
 Median 1.455 3.763 2.928 2.322 3.186 lnFI 0.372 1    
 Maximum 2.169 4.367 4.02 3.457 3.948 lnTO 0.317 0.235 1   
 Minimum −0.429 3.11 2.366 −2.948 2.54 lnGCF 0.264 0.176 0.283 1  
 Std. Dev. 0.652 0.337 0.52 1.143 0.354 lnDCP 0.463 0.162 0.311 0.123 1
 Skewness −0.926 0.003 0.584 −2.512 0.475       
 Kurtosis 3.083 2.311 1.942 10.919 2.668       
 Observations 42 42 42 42 42       
Country: Pakistan
 Mean 0.503 3.79 3.515 1.519 3.16 lnY 1     
 Median 0.722 3.774 3.517 1.576 3.186 lnFI −0.05 1    
 Maximum 1.9 4.075 3.661 2.919 3.394 lnTO 0.097 0.117 1   
 Minimum −2.415 3.516 3.322 −1.389 2.77 lnGCF 0.168 −0.066 0.076 1  
 Std. Dev. 0.935 0.127 0.083 0.803 0.149 lnDCP 0.203 0.049 0.271 0.144 1
 Skewness −0.959 0.232 −0.456 −1.191 − 0.961       
 Kurtosis 3.931 2.467 2.865 6.04 3.748       
 Observations 42 42 42 42 42       
Country: Sr Lanka
 Mean 1.232 3.505 4.218 2.109 3.103 lnY 1     
 Median 1.353 3.484 4.228 2.178 3.119 lnFI 0.272 1    
 Maximum 2.118 3.85 4.484 4.411 3.571 lnTO 0.133 0.062 1   
 Minimum −2.026 2.887 3.836 −0.691 2.177 lnGCF 0.351 −0.197 − 0.016 1  
 Std. Dev. 0.714 0.215 0.166 1.019 0.402 lnDCP 0.214 0.751 −0.083 −0.054 1
 Skewness −2.619 −0.975 − 0.619 − 0.457 −0.799       
 Kurtosis 12.058 3.955 2.555 3.584 2.686       
 Observations 42 42 42 42 42