Appendix A3.1: Descriptive Statistics

Variable

Mean

Std. Dev.

Minimum

Maximum

MDB participation

0.06

0.24

0.00

1.00

Solicited proposal

0.30

0.46

0.00

1.00

Interaction of unsolicited proposals and competitive schemes

0.32

0.47

0.00

1.00

Direct government support

0.15

0.36

0.00

1.00

Indirect government support

0.13

0.34

0.00

1.00

Direct and indirect government support

0.00

0.04

0.00

1.00

Greenfield projects

0.67

0.47

0.00

1.00

Management, contract lease, and partial divestitures

0.08

0.28

0.00

1.00

Private participation dummy (private participation > 80% = 1; 0 otherwise)

0.75

0.43

0.00

1.00

Local government contract

0.68

0.47

0.00

1.00

Foreign sponsor

0.66

0.47

0.00

1.00

GDP per capita compounded growth rate

6.28

2.21

-2.58

19.02

Terms of trade compounded growth rate interacted with G3 compounded growth rate

49.96

104.77

-140.52

439.01

% of trade to GDP compounded growth rate interacted with G3 compounded growth rate

-58.58

131.62

-612.55

103.55

Debt-to-GDP ratio

46.55

20.54

5.87

89.41

Natural disaster occurrence ratio

1.11

0.30

0.14

2.00

Law and order

1.18

0.80

0.06

4.05

Corruption

0.68

0.44

0.05

2.15

GDP = gross domestic product, MDB = multilateral development bank.

Note: G3 includes the United States, euro area, and Japan. Source: Authors.