| . | Agriculture . | Mining . | Manufacturing . | LIM . | Services . |
|---|---|---|---|---|---|
| ln YPC | −51.343*** | −10.631 | 64.43*** | 17.49++ | 15.661 |
| (−2.42) | (−0.71) | (2.82) | (1.28) | (0.60) | |
| ln YPC squared | 3.241*** | 0.560 | −3.443*** | −1.232++ | −0.872 |
| (2.71) | (0.64) | (−2.76) | (−1.63) | (−0.63) | |
| Agricultural endowment | 2.779 | ||||
| (1.44) | |||||
| Mineral endowment | 0.258 | ||||
| (0.76) | |||||
| Capital endowment | −0.980 | −1.523 | 4.042 | ||
| (0.25) | (−0.82) | (1.21) | |||
| R-squared (adjusted) | 0.21 | 0.16 | 0.06 | 0.11 | 0.03 |
| Observations | 2,063 | 1,837 | 2,061 | 2,049 | 2,369 |
| No. of countries | 109 | 100 | 109 | 108 | 112 |
| Country fixed effects | Yes | Yes | Yes | Yes | Yes |
| Year fixed effects | Yes | Yes | Yes | Yes | Yes |
| . | Agriculture . | Mining . | Manufacturing . | LIM . | Services . |
|---|---|---|---|---|---|
| ln YPC | −51.343*** | −10.631 | 64.43*** | 17.49++ | 15.661 |
| (−2.42) | (−0.71) | (2.82) | (1.28) | (0.60) | |
| ln YPC squared | 3.241*** | 0.560 | −3.443*** | −1.232++ | −0.872 |
| (2.71) | (0.64) | (−2.76) | (−1.63) | (−0.63) | |
| Agricultural endowment | 2.779 | ||||
| (1.44) | |||||
| Mineral endowment | 0.258 | ||||
| (0.76) | |||||
| Capital endowment | −0.980 | −1.523 | 4.042 | ||
| (0.25) | (−0.82) | (1.21) | |||
| R-squared (adjusted) | 0.21 | 0.16 | 0.06 | 0.11 | 0.03 |
| Observations | 2,063 | 1,837 | 2,061 | 2,049 | 2,369 |
| No. of countries | 109 | 100 | 109 | 108 | 112 |
| Country fixed effects | Yes | Yes | Yes | Yes | Yes |
| Year fixed effects | Yes | Yes | Yes | Yes | Yes |
LIM = labor-intensive manufacturing, ln = natural logarithm, YPC = income per capita.
Notes: t statistics in parentheses. ***p < 0.01. For labor-intensive manufacturing, F statistics in parentheses. ++p(F) < 0.05. Labor-intensive manufacturing includes textiles, clothing, and footwear.
Source: Authors’ computations.