Skills versus Luck: Bolivia and its recent Bonanza

Latin American Economic Review

Table 11 Pre-treatment characteristics

	Real	Syn [A]	Ave [A]	Syn [B]	Ave [B]	Syn [C]	Ave [C]	Syn [D]	Ave [D]
Access to electricity	65.49	71.27	89.93	71.76	96.59	62.96	82.50	57.91	82.50
Energy use	494.83	502.18	1141.81	1159.98	2983.42	599.40	2535.12	583.74	2535.12
Investment rate	16.03	21.56	20.32	26.34	24.72	16.27	22.91	17.96	22.91
Health expenditures	5.32	5.12	6.82	4.32	5.90	5.94	6.15	5.37	6.15
Human capital	2.40	2.50	2.65	1.88	2.84	1.97	2.47	1.95	2.47
Improved water	76.05	79.91	88.50	81.55	94.51	75.19	87.54	75.89	87.54
Inflation	5.39	1.86	4.27	2.77	3.61	5.08	8.25	5.28	8.25
Net barter TT	98.26	111.28	82.55	80.54	47.60	95.25	69.44	97.89	69.44
Openness	50.27	49.63	62.38	64.40	91.27	51.59	79.26	51.25	79.26
Prevalence anemia	54.27	49.28	34.49	40.63	32.43	54.72	34.28	54.55	34.28
Share of G	14.28	10.77	14.38	15.45	17.20	14.29	15.76	14.25	15.76
TFP	0.37	0.51	0.57	0.62	0.65	0.38	0.67	0.38	0.67
Countries	1	2	6	2	12	8	93	8	93
RMSPE	0	0.26	0.47	0.51	1.52	0.09	1.25	0.09	1.25

[A] Gini. [B] Dropout rate. [C] Infant mortality rate. [D] Life expectancy. All variables are averaged for the period described in Table 2. Real is the average for Bolivia (\(X_{1}\)). Syn is the value for synthetic Bolivia (\({\widehat{X}}_{1}\)). Ave is the simple average for all the countries considered to build the synthetic control. Countries denote the number of countries considered. RMSPE denotes the root mean squared percentage error when compared to Bolivia. Further data description is in Appendix 1