Table A2.
Summary statistics of the variables used in estimation.
| Variable | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|
| SR | 0.0027 | 0.0253 | −0.1628 | 0.1337 |
| BQ | 2.0628 | 0.7126 | 1.0000 | 3.0000 |
| CORR | 2.2141 | 0.6501 | 1.0000 | 4.0000 |
| CORR2 | 5.3246 | 2.9876 | 1.0000 | 16.0000 |
| IP | 7.4137 | 1.4177 | 3.0000 | 10.0000 |
| LEX | 4.4545 | 0.1932 | 3.7382 | 4.7974 |
| DA | 3.6424 | 1.7883 | 1.0000 | 6.0000 |
| LO | 3.5527 | 0.9502 | 1.5000 | 5.0000 |
| DA6 | −18.2873 | 14.2512 | −44.4000 | 0.0000 |
| PI | 7.4092 | 0.8459 | 4.9950 | 8.8800 |
| EM | 0.0061 | 0.0725 | −0.2566 | 0.2641 |
| GM | 0.0053 | 0.0515 | −0.1702 | 0.2251 |
Note: Number of observations 892; DA6 is the highest level of democracy in the data.