. | Agriculture . | Manufacturing . | Services . |
---|---|---|---|
ln YPC | −41.909*** | 8.828 | 10.126 |
(−4.46) | (1.44) | (1.01) | |
ln YPC squared | 2.014*** | −0.415 | −0.485 |
(3.99) | (−1.24) | (−0.84) | |
Agricultural endowment | 2.071* | ||
(1.82) | |||
Capital endowment | −1.858 | 4.064 | |
(−1.10) | (1.64) | ||
R-squared (adjusted) | 0.39 | 0.14 | 0.33 |
Observations | 2,504 | 2,409 | 2,500 |
No. of countries | 117 | 116 | 117 |
Country fixed effects | Yes | Yes | Yes |
Year fixed effects | Yes | Yes | Yes |
. | Agriculture . | Manufacturing . | Services . |
---|---|---|---|
ln YPC | −41.909*** | 8.828 | 10.126 |
(−4.46) | (1.44) | (1.01) | |
ln YPC squared | 2.014*** | −0.415 | −0.485 |
(3.99) | (−1.24) | (−0.84) | |
Agricultural endowment | 2.071* | ||
(1.82) | |||
Capital endowment | −1.858 | 4.064 | |
(−1.10) | (1.64) | ||
R-squared (adjusted) | 0.39 | 0.14 | 0.33 |
Observations | 2,504 | 2,409 | 2,500 |
No. of countries | 117 | 116 | 117 |
Country fixed effects | Yes | Yes | Yes |
Year fixed effects | Yes | Yes | Yes |
GDP = gross domestic product, ln = natural logarithm, YPC = income per capita.
Notes: t statistics in parentheses. *p < 0.1, ***p < 0.01.
Source: Authors’ computations.