Table 6.

. | Value Added . | Employment . | Exports . |
---|---|---|---|

ln YPC | −46.855^{***} | −38.806^{***} | −48.918^{*} |

(−3.77) | (−3.56) | (−1.87) | |

ln YPC squared | 2.201^{**} | 1.522^{**} | 3.123^{**} |

(3.23) | (2.39) | (2.18) | |

Agricultural endowment | 1.539 | 2.218^{**} | 3.159 |

(1.48) | (2.07) | (1.52) | |

Agricultural TFP growth | 2.811 | −0.225 | 8.071^{**} |

(0.99) | (−0.18) | (2.33) | |

R-squared (adjusted) | 0.40 | 0.45 | 0.22 |

Observations | 1,995 | 2,088 | 1,669 |

No. of countries | 99 | 98 | 95 |

Country fixed effects | Yes | Yes | Yes |

Year fixed effects | Yes | Yes | Yes |

. | Value Added . | Employment . | Exports . |
---|---|---|---|

ln YPC | −46.855^{***} | −38.806^{***} | −48.918^{*} |

(−3.77) | (−3.56) | (−1.87) | |

ln YPC squared | 2.201^{**} | 1.522^{**} | 3.123^{**} |

(3.23) | (2.39) | (2.18) | |

Agricultural endowment | 1.539 | 2.218^{**} | 3.159 |

(1.48) | (2.07) | (1.52) | |

Agricultural TFP growth | 2.811 | −0.225 | 8.071^{**} |

(0.99) | (−0.18) | (2.33) | |

R-squared (adjusted) | 0.40 | 0.45 | 0.22 |

Observations | 1,995 | 2,088 | 1,669 |

No. of countries | 99 | 98 | 95 |

Country fixed effects | Yes | Yes | Yes |

Year fixed effects | Yes | Yes | Yes |

ln = natural logarithm, TFP = total factor productivity, YPC = income per capita.

Notes: *t* statistics in parentheses. ^{*}p < 0.1, ^{**}p < 0.05, ^{***}p < 0.01.

Source: Authors’ computations.

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