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Acemoglu et al. (2001) Property Rights Table 3 Determinants of Institutions (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Panel A Dependent Variable is Average Protection against Expropriation Risk in 1985-95 Constraint on Executive in 1900 0.32 0.26 (0.08) (0.09) Democracy in 1900 0.24 0.21 (0.06) (0.07) 0.25 0.22 Year of Independence (0.08) (0.08) European Settlements in 1900 3.20 3.00 (0.61) (0.78) Log European Settler Mortality -0.61 -0.51 (0.13) (0.14) Latitude 2.20 1.60 2.70 0.58 2.00 (1.40) (1.50) (1.40) (1.51) (1.34) R-Squared 0.2 0.23 0.24 0.25 0.19 0.24 0.3 0.3 0.27 0.3 Number of Observations 63 63 62 62 63 63 66 66 64 64 Panel B European Settlements in 1900 5.50 5.40 8.60 8.10 (0.73) (0.93) (0.90) (1.20) Log European Settler Mortality -0.82 -0.65 -1.22 -0.88 -0.11 -0.07 (0.17) (0.18) (0.24) (0.25) (0.02) (0.02) Latitude 0.33 3.60 1.60 7.60 0.87 (1.80) (1.70) (2.30) (2.40) (0.19) R-Squared 0.46 0.46 0.25 0.29 0.57 0.57 0.28 0.37 0.31 0.47 Number of Observations 70 70 75 75 67 67 68 68 73 73 See Appendix Table A1 for more detailed variable definitions and sources. All regressions are OLS, using our base sample. Standard errors are in parentheses. Regressions with constraint on executive in first year of independence also include years since independence
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