Remittances, financial development and economic growth in sub-Saharan African countries: evidence from a PMG-ARDL approach

Financial Innovation

Table 4 Descriptive Statistics of selected variables

	y	remmit	find	top	inf	pop	fdi
Mean	1957.11	995.43	35.33	76.50	5.44	2.36	3.45
Median	806.14	145.87	28.78	63.74	4.3823	2.56	2.26
Maximum	15,695.90	21,059.70	110.77	225.02	36.96	5.60	54.06
Minimum	160.22	1.80	8.16	21.45	−9.62	−2.63	− 0.90
Std. Dev.	2722.35	3532.29	19.74	40.05	5.78	0.87	4.51
Skewness	2.48	4.96	1.46	1.61	2.12	−1.07	5.62
Kurtosis	9.49	26.37	4.77	5.33	10.39	7.07	55.75
J-Bera	868.69	8385.52	152.05	205.87	943.97	276.13	36,720.41
Prob.	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Obs.	320	320	320	320	320	320	320

y, remmit, find, top, inf, pop and fdi represent economic growth, remittances, broad money supply, trade, openness, inflation, population growth and foreign direct investment respectively