File2-page71 - (1) Panel A Constraint on Executive in 1900...

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Unformatted text preview: (1) Panel A Constraint on Executive in 1900 Democracy in 1900 Constraint on Executive in First Year of Independence (3) (4) (5) (6) (7) (8) 3.20 (0.61) Number of Observations Panel B European Settlements in 1900 2.20 (1.40) 0.2 0.23 0.24 0.25 5.40 (0.93) Latitude 0.19 63 0.46 70 0.29 75 0.3 63 66 Dependent variable is Democracy in 1900 -1.22 (0.24) 1.60 (2.30) 0.57 67 0.3 66 2.00 (1.34) 0.27 0.3 64 64 Dependent variable is European Settlements in 1900 8.10 (1.20) -0.65 (0.18) 3.60 (1.70) 0.25 75 0.24 0.58 (1.51) 0.57 67 -0.88 (0.25) -0.11 (0.02) 7.60 (2.40) 0.28 68 0.37 68 -0.07 (0.02) 0.87 (0.19) 0.31 73 0.47 73 68 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 as a regressor. Average protection against expropriation risk is on a scale from 0 to 10, where a higher score means more protection against expropriation of private investment by government, averaged over 1985 to 1995. Constraint on Executive in 1900 is on a scale, from 1 to 7, with a higher score indicating more constraints. Democracy in 1900 is on a scale from 0 to 10, with a higher score indicating more democracy. European settlements is percent of population that was European or of European descent in 1900. See Appendix Table A1 for more detailed variable definitions and sources. Property Rights 0.33 (1.80) 0.46 70 2.70 (1.40) 8.60 (0.90) -0.82 (0.17) Log European Settler Mortality R-Squared Number of Observations 1.60 (1.50) 63 63 62 62 Dependent variable is Constraint on Executive in 1900 5.50 (0.73) -0.51 (0.14) 3.00 (0.78) Log European Settler Mortality R-Squared (10) Dependent Variable is Average Protection against Expropriation Risk in 1985-95 0.26 (0.09) 0.24 0.21 (0.06) (0.07) 0.25 0.22 (0.08) (0.08) European Settlements in 1900 Latitude (9) -0.61 (0.13) 0.32 (0.08) (2) Acemoglu et al. (2001) Development Economics, LSE Summer School 2007 Table 3 Determinants of Institutions ...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.

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