Yet another tale of two cities: Buenos Aires and Chicago

Latin American Economic Review

Table 3 Nineteenth century variables and twentieth century economic performance

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
Dependent variable: Log GDP per capita 2000
Log GDP per capita 1900	1.011*** [0.097]				0.238 [0.22]			0.242 [0.250]	0.339* [0.17]
Schooling (all levels) 1900		1444*** [1.70]			7.540*** [2.15]	7.400*** [1.35]	14.35*** [1.75]	7.595*** [2.259]	2.698 [1.82]
Manufacturing share of output circa 1913			0.0300*** [0.0089]			0.0098* [0.0054]
[0.0089]
Average. Poli.ty2 score 1870–1900				0.0732*** [0.017]			0.0008 [0.015]	0.0028 [0.015]
Average Polity! score 1970–2000									0.0840*** [0.020]
Observations	37	36	16	47	25	13	33	23	24
R-squared	0.653	0.701	0.439	0.154	0.659	0.833	0.687	0.654	0.856

Source: Own elaboration based on Madison, Marshall and Jaggers, Banks, and other sources
Robust standard errors in brackets ***p < 0.01,**p < 0.05, *p < 0.1