Table 1 Data sources and measurements.
From: Institutional quality, foreign direct investment, and economic development in sub-Saharan Africa
Data | Identifier | Source | Definition | Measurement |
|---|---|---|---|---|
Human development index | HDI | WDI | The Human Development Index proffers an aggregate dimension of development using measures of education registration, the expectancy of life, literacy, and gross domestic product (GDP) per capita to determine economic development (UN, 2018) | a, b, c, d |
Foreign direct investment | FDI | WDI | Foreign direct investment, net inflows | % GDP |
Domestic investment | DOMINV | WDI | Gross fixed capital formation is a marginal investment. It is an element of the expenditure procedure of computing GDP | % GDP |
Infrastructure | INFSR | WDI | Access to electricity | % Population |
Political stability and absence of violence | PSAV | WGI | Political stability and absence of violence/terrorism capture assessments of the probability of political instability inspired violence and terrorism | Estimates |
Government effectiveness | GE | WGI | Government effectiveness is policy formulation, integrity, and the loyalty of government to these policies | Estimates |
Accountability | ACC | WGI | Accountability indicates the concept of the extent to which the citizenry of a country is capable of participating in selecting their leadership. In addition to civil liberty, civil right of association, and freedom of speech | Estimates |
