Investigating the Impacts of Intraregional Trade and Aid on Per Capita Income in Africa: Case Study of the ECOWAS

Table 9

Data description.

Variable	Definition	Source
Income per capita	RGDP per capita	(The) World Bank [10]
Aid	Net ODA as a percentage of GDP	(The) World Bank [10]
Initial income	Initial real GDP per capita	(The) World Bank [10]
Inflation	Changes in the consumer price level	(The) World Bank [10]
Corruption	Corruption perception index (CPI)	Transparency International
Investment	Gross formation of fixed capital as a share of GDP	(The) World Bank [10]
Intra-ECOWAS trade	Imports and exports to and from any member country as a share of GDP	UNCTAD [23]
World trade population	Volume of trade with the world, excluding ECOWAS, as a share of GDP	UNCTAD
	Number of inhabitants	(The) World Bank [10, 23]
Broad money supply	M2 as a share of GDP	(The) World Bank [10]
War	War dummy	—
UEMOA	CFA franc dummy	—
Corruption_1994	CPI accuracy dummy	—