Using this given information look for statistical data available to these countries and arrange them in an excel form for empirical analysis. Focus Area: The Middle East and North Africa (MENA) region, which includes Yemen, Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, and the United Arab Emirates.
Criteria:
Developing country status.
Availability of trustworthy data for a long enough period of time (e.g., 10–20 years) regarding the penetration of microcredit and economic growth.
variance in the penetration of microcredit among the region's nations.
Variables:
Economic growth (e.g., GDP per capita growth rate) is a dependent variable.
Microcredit penetration (loan portfolio, number of borrowers, etc.) is an independent variable.
Variables under control:
Human capital (e.g., literacy rate, average number of years in school)
Physical capital, such as capital stock and investment rate
Trade openness (ratio of trade to GDP, for example)
Foreign direct investment (e.g., the GDP percentage of FDI inflows)
Local dummies