ABSTRACT

US 0.60 0.73 0.04 0.44 0.14 1.04 India 0.44 0.34 0.03 0.47 0.28 0.36 Malaysia 0.97 0.82 0.03 0.49 2.01 0.50 Thailand 0.77 0.82 0.03 0.53 0.57 0.77 Ghana 0.16 0.06 0.08 0.89 0.15 0.03 Kenya 0.46 0.29 0.07 0.74 0.16 0.03 Zimbabwe 0.35 0.56 0.04 0.65 0.39 0.36 Mean* 0.59 0.58 0.04 0.65 0.39 0.35 Source: Demirquc-Kunt and Levine (1999). See text for the definition of variables. *Simple average of the entire sample of 150 countries covered.