MIT Press

Table 4.

Determinants of Sectoral Shares of Employment, 1991–2014(% of total employment)

	Agriculture	Mining	Manufacturing	Services
ln YPC	−46.42^***	1.994^***	32.846^***	1.614⁺⁺⁺
	(−4.46)	(2.68)	(6.34)	(0.25)
ln YPC squared	1.934^***	−0.129^***	−1.901^***	0.453⁺⁺⁺
	(2.95)	(−2.89)	(−6.63)	(1.16)
Agricultural endowment	1.189
	(1.26)
Mineral endowment		0.025
		(1.42)
Capital endowment			−0.285	0.045
			(−0.37)	(0.03)
R-squared (adjusted)	0.39	0.10	0.40	0.59
Observations	2,599	2,303	2,598	2,599
No. of countries	113	104	113	113
Country fixed effects	Yes	Yes	Yes	Yes
Year fixed effects	Yes	Yes	Yes	Yes

	Agriculture	Mining	Manufacturing	Services
ln YPC	−46.42^***	1.994^***	32.846^***	1.614⁺⁺⁺
	(−4.46)	(2.68)	(6.34)	(0.25)
ln YPC squared	1.934^***	−0.129^***	−1.901^***	0.453⁺⁺⁺
	(2.95)	(−2.89)	(−6.63)	(1.16)
Agricultural endowment	1.189
	(1.26)
Mineral endowment		0.025
		(1.42)
Capital endowment			−0.285	0.045
			(−0.37)	(0.03)
R-squared (adjusted)	0.39	0.10	0.40	0.59
Observations	2,599	2,303	2,598	2,599
No. of countries	113	104	113	113
Country fixed effects	Yes	Yes	Yes	Yes
Year fixed effects	Yes	Yes	Yes	Yes

ln = natural logarithm, YPC = income per capita.

Notes: t statistics in parentheses. ^***p < 0.01. For services, F statistics in parentheses. ⁺⁺⁺p(F) < 0.01.

Source: Authors’ computations.