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Table 3 Nineteenth century variables and twentieth century economic performance

From: Yet another tale of two cities: Buenos Aires and Chicago

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