Lecture 13

37 6 12 568 colonial dummies no no no yes yes yes

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Unformatted text preview: 04 (.74) ln(area) ln(export/area) (3) (4) (5) −.10 (−6.04) −.11 (−5.11) .03 (.61) −.12 (−5.37) (6) −.12 (−5.68) Colonial Dummies No No No Yes Yes Yes Number obs. R2 50 .39 50 .40 50 .38 50 .57 50 .57 50 .54 Notes : Coefficients are reported with t-statistics in brackets. 2.3 Partial Correlation Plot: Log Income and Slave Exports (coef = −.11, t−stat = −5.11) S Africa E(Log 1998 Real per Capita GDP | X) 0 Botswana Gabon Algeria Mauritius Tunisia Egypt Swaziland Cape Verde Morocco Zimbabwe Guinea Rwanda Liberia Cameroon Angola Ivory Coast Moz Sudan Congo Equitorial Guinea Namibia Burundi Somolia Mauritania Zaire Kenya Senegal Ethiopia Ghana Nigeria Central Afr Rep Djibouti Chad Mali Zambia Niger Benin Burkina Faso Uganda Madgas Guinea Bissau Comoros Gambia Togo Sierra L Malawi Tanzania −1.6 Lesotho Sychelles −13 0 E(Log Total Slave Exports | X) 9 Table 6: Growth and slave exports, controlling for size with land area. Dependent variable is average annual per capita GDP growth between 1960 and 2000. (1) ln(exports) (2) −.20 (−5.99) −.23 (−5.34) .09 (.81) ln(area) ln(export/area) (3) (4) (5) −.22 (−6.02) −.23 (−5.09) .07 (.60) −.25 (−5.79) (6) −.25 (−5.66) Colonial Dummies No No No Yes Yes Yes Number obs. R2 50 .42 50 .44 50 .41 50 .53 50 .53 50 .50 Notes : Coefficients are reported with t-statistics in brackets. Table 7: The estimated increase in income and growth from a 1 standard deviation decrease in ln(exports). Coeff Beta Coeff Increase Income in 1998 −.11 −.69 $1,830 Growth 1960–2000 −.23 −.71 1.22% Notes : The standard deviation of ln(exports) is 5.32. The sample mean for income 1998 is $2,490 and the standard deviation is $2,672. The sample mean for growth 1960–2000 is .71% and the standard deviation is 1.73. Table 10: Income and slave exports, controlling for observables. Dependent variable is log real per capita GDP in 1998. (1) ln(exports) ln(area) (2) (3) (4) (5) (6) (7) −.11 (−5.11) .03 (.61) −.09 (−3.61) .00 (.03) .01 (1.19) −.09 (−3.51) .04 (.74) −.11 (−5.17) .04 (.71) −.11 (−4.79) .03 (.58) −.11 (−6.01) −.04 (−.71) −.13 (−6.61) .13 (2.38) Absolute latitude Ethnic fractionalization −.66 (−1.33) Legal origin=French .76 (1.89) % of pop Islamic .00 (.77) .00 (.58) % of pop Christian ln(avg diamond prod/pop) −.00 (−.11) .06 (4.76) .02 (1.13) ln(avg oil prod/pop) ln(avg gold prod/pop) ln(coastline/area) Colonial dummies Number obs. R2 Yes 50 .57 Yes 50 .59 Yes 50 .59 Yes 50 .61 Yes 50 .58 Yes 50 .74 .08 (3.71) Yes 50 .68 Table 11: Income and slave exports, controlling for observables. Dependent variable is log real per capita GDP in 1998. (1) (2) .02 (1.80) −1.24 (−2.44) −.08 (−.37) −.00 (−.59...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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