10 nzl avg protect against risk expropriation aus usa

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Unformatted text preview: tember Historical Analysis 22 / 24 Settler mortality and current institutions . 10 NZL Avg. Protect. Against Risk Expropriation AUS USA CAN SGP IND HKG MYS 8 GMB BRA CHL MEX BHS TTO COL VEN MAR CRI URY PRY EGY ECU TUN DZA ARG ZAF LKA PER BOL PAK GUY 6 GAB IDN JAM CIV TGO VNM DOM KEN SEN PAN TZA CMR GIN GHA SLE NGA HND GTM BGD SLV NIC AGO NER COG UGA BFA SUR MDG MLI SDN 4 HTI ZAR 2 4 6 Log Settler Mortality 8 The first stage First Stage Regressions: Dependent variable is protection against risk of expropriation All former All former All former Without neocolonies colonies colonies Europes Settler Mortality -0.61 (0.13) Latitude -0.5 (0.15) -0.37 (0.14) 2.34 (1.37) Continent Dummies (p-value) R-Squared Number of Observations -0.43 (0.19) [0.25] 0.26 63 0.29 63 Standard errors in parentheses Sample limited to countries for which have GDP per capita data 0.31 63 0.11 59 The reduced form: settler mortality and income per capita today . Log GDP per capita, PPP, in 1995 10 AUS NZL USA SGP HKG CAN CHL BHS ARG VEN URY MEX COLTTO CRI BRA MYS ZAF TUN ECU PER DZA GTM PRY MAR EGY SLV BOL SUR GUY 8 PAN DOM JAM IDN AGO LKA HND PAK IND SDN BGD GAB NIC SEN VNM HTI KEN CMR COG GIN UGA ZAR BFA NER MDG CIV GHA TGO GMB NGA MLI TZA SLE 6 2 4 6 Log Settler Mortality 8 The causal effect of institutions: basic 2SLS estimates Second Stage Regressions: Dependent variable is log GDP per capita in 1995 All former All former All former Without neocolonies colonies colonies Europes Protection Against Risk of Expropriation, 1985-95 0.99 (0.17) Latitude 1.11 (0.26) 1.43 (0.45) -1.61 (1.57) Continent Dummies (p-value) Number of Observations 1.19 (0.39) [0.09] 63 63 63 59 The causal effect of institutions: robustness Second Stage Regressions: all former colonies Dependent variable is log GDP per capita in 1995 Instrument is: Log Settler Log Settler Log Settler Log Settler Mortality Mortality Mortality Mortality Protection Against Risk of Expropriation, 1985-95 1.07 (0.27) Temperature (p-value) [0.71] Humidit...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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