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Table 1.
Descriptive Statistics
MeanSDN
Firm-level data    
Judicial efficiency 2.30 1.00 107,192 
Value added per worker (thousand dollars) 80.98 212.07 99,623 
Capital stock per worker (thousand dollars) 48.90 164.31 42,324 
Proportion of skilled workers 0.70 0.31 59,168 
Number employees 112.96 11,25.20 117,044 
New firm 0.04 0.20 116,063 
Judicial reforms    
Comprehensive judicial reform 0.22 0.41 117,320 
Limited judicial reform 0.22 0.42 117,320 
Relationship-specific investment    
Specific 0.40 0.49 54,439 
Herfindhal Sweden 0.41 0.49 69,429 
Input/output Sweden 0.41 0.49 73,743 
Herfindhal Continent 0.59 0.49 105,966 
Input/output Continent 0.53 0.50 105,962 
Control variables    
Business climate 53.25 9.52 116,374 
Foreign aid per capita 49.72 78.55 100,807 
MeanSDN
Firm-level data    
Judicial efficiency 2.30 1.00 107,192 
Value added per worker (thousand dollars) 80.98 212.07 99,623 
Capital stock per worker (thousand dollars) 48.90 164.31 42,324 
Proportion of skilled workers 0.70 0.31 59,168 
Number employees 112.96 11,25.20 117,044 
New firm 0.04 0.20 116,063 
Judicial reforms    
Comprehensive judicial reform 0.22 0.41 117,320 
Limited judicial reform 0.22 0.42 117,320 
Relationship-specific investment    
Specific 0.40 0.49 54,439 
Herfindhal Sweden 0.41 0.49 69,429 
Input/output Sweden 0.41 0.49 73,743 
Herfindhal Continent 0.59 0.49 105,966 
Input/output Continent 0.53 0.50 105,962 
Control variables    
Business climate 53.25 9.52 116,374 
Foreign aid per capita 49.72 78.55 100,807 

Judicial efficiency is agreement with the statement: “The court system is fair, impartial and uncorrupted” (1: Strongly Disagree, 4: Strongly Agree). “Comprehensive judicial reform” takes the value 1 when a reform addressing the three criteria of quality, speed, and access and with a budget above 5% of the judiciary budget was implemented in between the two rounds of a World Bank Enterprise Survey. “Specific” is a dichotomous variable equal to 1 if goods are specific, that is, it would take more than a month for the main customer to find the same good were the seller to shut down its operations. Each variable is defined in greater detail in appendix B.

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