Table 3. Regressions.
Regression model
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1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | |
Dependent variables ⇒ | Ãn | (T - ![]() |
log yn | log yn | log yn | log yn | Quality of institutions | Quality of institutions | log yn |
Geography | 1.63 (0.08|0.00) | 0.628 (0.07|0.00) | |||||||
log geography | 4.71 (0.23|0.00) | 2.04 (0.18|0.00) | 1.33 (0.39|0.00) | 0.527 (0.03|0.06) | |||||
(T - ![]() |
0.38 (0.04|0.00) | 1.80 (0.63|0.00) | 2.50 (0.04|0.00) | 5.61 (0.68|0.00) | |||||
(T - ![]() |
−0.11 (0.04|0.01) | −0.16 (0.03|0.00) | |||||||
Quality of institutions | 0.037 (0.003|0.00) | 0.048 (0.20|0.00) | |||||||
Adjusted R2 | 0.79 | 0.78 | 0.53 | 0.52 | 0.57 | 0.80 | 0.43 | 0.38 | 0.67 |
n = 112. The estimator is ordinary linear least-squares. The variables geography, biogeography (Ãn), thousands of years since the transition to agriculture (T - ), log 1997 GDP per capita (log yn), and institutions are discussed in the main text. The inflection points implied by the quadratic specifications in (T -
) always exceed the empirical maximum, and therefore the estimated functions are (slightly) concave over their whole range and never backward-bending. In parentheses are SE/P value of coefficient estimates. Regression intercept constants are not reported.