Table 1 Data description
From: The impact of maritime transport financing on total trade in South Africa
Variable | Description | Source |
|---|---|---|
MTF | Maritime transport financing refers to government expenditure on Maritime transport which is measured in millions. This can be increased or decreased on the capital expenditure and can affect total trade either positively or negatively | National Treasury |
TRADE | Total trade as a percentage of GDP (export plus imports) | World Bank |
BUSINESS FREEDOM | An overall indicator of the efficiency of government regulation of business. The ease of doing business can promote trade flows (Depken and Sonora 2005) | Heritage foundation |
GOVERNMENT INTEGRITY | A trustworthy government is free from corruption and able to fulfill its commitment to protecting the interests of investors. Government corruption undermines public expenditure (Qiongzhi and Qi 2011) | Heritage foundation |
LENDING RATE | The rate of interest that is paid on a loan. A high rate of interest affects the trade balance. Lower interest rates increase exports (Batra and Beladi 2013) | World Bank |