The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 1 Definition of variables and sources of data
Variable and symbol | Definition | Source of data on variable |
|---|---|---|
GDP growth (GDP) | Growth in gross domestic Product measured in percentages. | World Bank |
Real Interest Rates (RIR) | This is the lending interest rate adjusted for inflation as measured by the GDP deflator | World Bank |
Trade Openness (TO) | This study used the sum of exports and imports to GDP ratio as a proxy for trade openness | World Bank and Bank of Uganda |
Debt-to-GDP Ratio (DEBT_G) | The ratio of a country’s gross public debt to its gross domestic product | World Bank |
Human capital Development (HC) | This is the ability to perform labor to produce economic value (proxied by gross secondary school enrollment rate) | World bank |
Population growth rate (POPN_G) | This is the rate at which the number of individuals in a population increases in a given time period, expressed as a fraction of the initial population | World bank |
Gross capital formation (K-Fm) | It consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories | World Bank |
Total debt service/Exports (DEBT_X) | The debt service ratio is the ratio of debt service payments made by or due from a country to that country’s export earnings | World bank |