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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

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Table 1 Descriptive statistics

From: Comparative analysis of the effects of institutional factors and Piketty’s Hypothesis on inequality: evidence from a panel of countries

  Variable Obs. Mean Std. Dev. Min Max No. of countries
Global panel (82 countries) Net Gini 1431 0.376658 0.086742 0.216132 0.651835 82
Economic freedom 1431 7.091903 0.669687 4.490000 8.730000 82
(r−g) 1431 2.236555 8.307786 −25.1359 101.6471 82
GDP/capita 1431 17569.13 19703.65 341.8498 91617.28 82
Govt. spending (as  % of GDP) 1431 16.15925 4.819181 4.845660 27.93502 82
Inflation 1431 4.912582 5.528758 −4.47810 54.91537 82
Population growth rate 1431 0.923414 1.122950 −9.08063 7.786010 82
Natural resource rent (as  % of GDP) 1431 3.244392 4.645688 0.000588 34.95626 82
Gross savings rate (as  % of GDP) 1431 22.72429 7.956617 1.725070 52.27694 82
Tax revenue (as  % of GDP) 1431 17.56361 6.140347 5.195323 48.56342 82
Trade openness 1431 80.63451 38.45180 19.79813 224.7553 82
Unemployment rate 1431 8.091996 5.419085 0.398000 33.47300 82
Economic growth rate, g 1431 3.610366 3.457233 −14.8141 25.11725 82
Real interest rate, r 1431 5.846921 7.325907 −20.3470 93.91508 82
Top 10% income share 840 0.348870 0.090920 0.212768 0.600038 49
High-income countries Net Gini 666 0.309885 0.056840 0.216132 0.530221 38
Economic freedom 666 7.555354 0.440993 6.000000 8.730000 38
(r−g) 666 1.592174 6.844533 −21.1672 101.6471 38
GDP/capita 666 33489.30 18892.38 5419.036 91617.28 38
Govt. spending (as  % of GDP) 666 18.94268 3.594081 9.925310 27.93502 38
Inflation 666 2.349375 2.265220 −4.47810 19.37973 38
Population growth rate 666 0.491865 0.787962 −3.84767 2.890960 38
Natural resource rent (as  % of GDP) 666 1.317635 2.898772 0.000000 21.39196 38
Gross savings rate (as  % of GDP) 666 22.68320 6.131523 4.870592 41.69065 38
Tax revenue (as  % of GDP) 666 20.69557 7.154102 7.936200 62.85861 38
Trade openness 666 95.33638 49.16110 19.79813 325.9982 38
Unemployment rate 666 8.002066 27.46600 2.119000 4.215084 38
Economic growth rate, g 666 2.515130 3.271700 −14.8141 25.11725 38
Real interest rate, r 666 4.107304 5.319142 −7.79727 93.91508 38
Middle-income countries Net Gini 677 0.425912 0.069817 0.263554 0.651835 38
Economic freedom 677 6.675165 0.590329 4.490000 8.130000 38
(r−g) 677 2.391761 9.328471 −19.6300 45.30657 38
GDP/capita 677 4637.375 3039.830 509.2934 14936.40 38
Govt. spending (as  % of GDP) 677 14.09789 4.550921 4.845660 26.24226 38
Inflation 677 6.805119 6.597990 −1.71033 54.91537 38
Population growth rate 677 1.036393 1.105046 −9.08063 7.786010 38
Natural resource rent (as  % of GDP) 677 4.235448 4.950148 0.090388 34.95626 38
Gross savings rate (as  % of GDP) 677 23.20267 9.285265 1.725070 52.27694 38
Tax revenue (as  % of GDP) 677 15.78482 5.461290 5.195323 33.70700 38
Trade openness 677 75.55680 35.85023 21.85226 220.4074 38
Unemployment rate 677 8.425778 6.424814 0.398000 33.47300 38
Economic growth rate, g 677 4.354409 3.365922 −14.7585 14.23139 38
Real interest rate, r 677 6.746170 8.293964 −18.1219 48.50473 38
Low-income countries Net Gini 106 0.461624 0.042649 0.381994 0.555594 6
Economic freedom 106 6.903774 0.402226 5.670000 7.560000 6
(r−g) 106 4.772507 8.815792 −25.1359 31.17852 6
GDP/capita 106 768.3114 323.2740 341.8498 1635.491 6
Govt. spending (as  % of GDP) 106 12.25052 3.233796 7.105651 19.57000 6
Inflation 106 8.439280 5.272525 −0.28750 26.23982 6
Population growth rate 106 2.934346 0.362304 1.578337 3.714288 6
Natural resource rent (as  % of GDP) 106 8.469635 5.226485 2.254186 22.09347 6
Gross savings rate (as  % of GDP) 106 19.58832 7.937639 4.664122 35.86171 6
Tax revenue (as  % of GDP) 106 12.87383 2.629814 8.089331 21.09405 6
Trade openness 106 51.83014 14.04451 23.98087 84.59729 6
Unemployment rate 106 6.232057 4.245522 0.699000 15.90000 6
Economic growth rate, g 106 5.743697 2.766984 −4.29512 13.19207 6
Real interest rate, r 106 10.51620 8.028465 −20.3470 30.23685 6
  1. Source Research calculations