| Variable | Description | Measurement | Source |
|---|---|---|---|
| RGDP | Gross Domestic Product | Constant 2010 US$ | World Development Indicators of World Bank Publication (2017) |
| GXD | General government consumption expenditure | Constant 2010 US$ | WDI |
| RESV | Total Reserves | Current 2010 US$ | WDI |
| K | Gross fixed capital formation | Constant 2010 US$ | WDI |
| INV | Gross capital formation | Constant 2010 US$ | WDI |
| COMS | Final Consumption expenditure | Constant 2010 US$ | WDI |
| INFL | Inflation, consumer prices | Percentage | WDI |
| L | Labour force | Number | WDI |
| FDEPT | Domestic Credit to private sector | percentage | WDI |
| EDU | Secondary School Enrolment | percentage | WDI |
| INST | Average of the six indicators including: control of corruption, government effectiveness, political stability and absence of violence & terrorism, regulatory quality, rule of law and voice and accountability | scale | World Governance Inductor of World Bank Publication (2017) |
| AGRICP | International market price of Agricultural products | Index | UNCTAD |
| Agricp_vol | Agricultural price volatility | generated | Standard deviation of the growth rate of agricultural price. |