The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 1 Summary statistics
From: Determinants of current account imbalance in the global economy: a dynamic panel analysis
Variable description | Developed (27 countries, 864 annual obs.) | Emerging (32 countries, 1024 annual obs.) | Developing (47 countries, 1504 annual obs.) | |||
|---|---|---|---|---|---|---|
Mean | Std. dev. | Mean | Std. dev. | Mean | Std. dev. | |
Current account balance (% of GDP) | −0.63 | 5.67 | −0.39 | 12.49 | 13.27 | 21.03 |
Real GDP growth rate | 2.60 | 2.84 | 4.40 | 5.34 | 3.32 | 4.92 |
∆ Real effective exchange rate | 0.34 | 6.89 | 0.06 | 13.17 | 0.68 | 25.71 |
Commodity price index | 40.54 | 72.89 | 128.7 | 76.29 | 135.8 | 71.61 |
Net foreign assets (% of GDP) | −21.56 | 41.65 | −16.34 | 74.31 | −78.84 | 85.63 |
Trade openness | 52.28 | 22.58 | 63.20 | 54.97 | 58.36 | 31.89 |
de jure capital openness | 0.73 | 0.32 | 0.46 | 0.33 | 0.36 | 0.29 |
Exchange rate stability index | 0.51 | 0.28 | 0.55 | 0.31 | 0.70 | 0.34 |