Does Financial Development Hamper or Improve the Resource Curse? Analysis Based on the Panel Threshold Effect Model

Table 1

Variable descriptive statistics.

Variable	Number of samples	Mean	Standard deviation	Minimum value	Maximum value
y	450	1.133	0.552	−0.298	2.399
res	450	3.191	3.656	0	15.782
fin	450	2.554	0.543	1.033	4.021
inv	450	3.887	0.502	2.763	4.882
edu	450	1.776	0.548	0.697	3.213
tech	450	2.109	0.631	0.612	3.229
cor	450	1.032	0.598	0.591	3.218
open	450	1.663	0.661	0.339	2.212