Table 4.

. | 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.

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