Financial development and International trade in Africa_Dataset.xlsx

To verify the relationship between trade variables and financial development in Africa. We mobilize data from 39 African economies for the period 1990-2021. To achieve this complex measure, we use the financial development index imported from the International Monetary Fund (IMF) statistical database. The variable to be explained, trade openness (LTRADE), is presented by the logarithm of the sum of exports and imports of goods and services, as a percentage of GDP, the logarithm of the volume of exports of goods and services as a percentage of GDP (LEXP), and the logarithm of the volume of imports of goods and services as a percentage of GDP (LIMP). Control variables are also included, namely, economic growth represented by the logarithm of real GDP per capita (LGDPPC), population growth, which may reflect the size of the domestic market, measured by the logarithm of the total population (LPOP), and external financing represented by the logarithm of net foreign direct investment inflows, as a percentage of GDP (LFDI). Data for these variables were imported from the World Bank's World Development Indicator (WDI).