From: The role of natural resources in financial expansion: evidence from Central Asia
Symbol | Variable | Definition | Sources |
---|---|---|---|
FE | Financial expansion index | The index of the financial expansion includes “financial institutions, financial markets, financial institution depth, financial institution access, financial institution efficiency, financial market depth, financial market access, and financial market efficiency" | IMF |
NR | Natural resource rents | "Natural resource rents % of GDP" | WDI |
NR2 | Square of natural resources | "Square of natural resources rents % of GDP" | WDI |
INQ | Institutional Quality | The quality of institutions is comprised of six indicators: "voice and accountability, political stability and absence of violence, government effectiveness, regulatory quality, rule of law, and control of corruption" | WGI |
HD | Human development index | This index includes a "long and healthy life, knowledge, a decent standard of living" | UNDP |
Y | Gross domestic product | "Real GDP per capita" [constant 2015 US$] | WDI |