File 0099 PDF
File 0099 PDF
File 0099 PDF
Table 5 Incomes, trade shares, and import tariffs in a panel of non-OECD countries—Cont'd
Notes: Source is Aisbett, Harrison, and Zwane (2005), as reported in Harrison (2007). Huber robust standard errors in parenthesis. Data are annual data, with one
observation for each country and year. The dependent variable is the log of income per capita, in PPP $1993. Trade share is the share of exports plus imports in GDP.
Import tariffs are import revenues divided by the value of imports. Both are taken from the World Bank’s indicators. OLS indicates ordinary least squares and IV
indicates instrumental variables. All regressions exclude OECD high-income countries. Columns (3) and (7) include controls for inflation, government expenditure in
GDP, currency crises, investment in GDP, and the fraction of the population that is literate. Columns (4) and (8) include controls for inflation, government
expenditure, and currency crises. In instrumental variable regressions, trade share is instrumented using 3-year lagged value, and import tariff is instrumented using
3-year lagged value.
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Huber robust standard errors in parenthesis with """ indicating significance at 1%, "" indicating significance at 5% and " indicating significance at 10%.