Table 4 Cobb–Douglas production function estimates
|  | With Solow–Swan restriction \(\left( {\alpha = 0} \right)\) | Without Solow–Swan restriction \(\left( {\alpha \ne 0} \right)\) | ||||||
|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
ln(n + g+δ) | − 0.032* (0.019) | − 0.040* (0.022) | − 0.029 (0.019) | − 0.031 (0.023) | − 0.040*** (0.017) | − 0.037** (0.016) | − 0.035** (0.017) | − 0.030* (0.016) |
ln(k/l) | 0.722*** (0.023) | 0.701*** (0.034) | 0.723*** (0.025) | 0.704*** (0.039) | 0.646*** (0.050) | 0.642*** (0.052) | 0.646*** (0.052) | 0.643*** (0.054) |
ln(h/l) | Â | Â | Â | Â | Â | Â | 0.190** (0.096) | 0.218** (0.099) |
De Jure (latent) | 0.029*** (0.009) | 0.033*** (0.009) | Â | Â | 0.026*** (0.008) | 0.028*** (0.008) | Â | Â |
De Facto (latent) | Â | Â | 0.002*** (0.0007) | 0.002*** (0.0008) | Â | Â | 0.001** (0.0006) | 0.002*** (0.0006) |
Latent control variables | Yes | Yes (0.719) | Yes (0.790) | Yes (0.778) | Yes (0.951) | Yes (0.988) | Yes (0.948) | Yes (0.981) |
Common Technology Shocks | No | Yes (0.000) | No | Yes (0.000) | No (0.000) | Yes (0.000) | No | Yes (0.000) |
# observations | 1674 | 1674 | 1674 | 1674 | 1674 | 1674 | 1674 | 1674 |
R2 | 0.93 | 0.93 | 0.93 | 0.93 | 0.94 | 0.94 | 0.94 | 0.94 |