Table 4: WDI: ICT Abundance and Industrial Composition

|||A. 2000|||B. 2010||C.|1994 – 20|11|Ind.<br>Pred.<br>1980|ln( <sup>Obs.</sup><br>Pred. <sup>)</sup>|
|---|---|---|---|---|---|---|---|---|---|---|---|
||(A.1)|(A.2)|(A.3)|(B.1)|(B.2)|(B.3)|(C.1)|(C.2)|(C.3)|(D)|(E)|
|ln(GDP/L)|0.37***||0.15|0.069||0.066|0.27***||0.14*|0.037|0.12**|
||(0.058)||(0.12)|(0.061)||(0.063)|(0.061)||(0.074)|(0.10)|(0.058)|
|Ind. Pred.||1.67***|1.11*||0.13|0.047||1.31***|0.88***|0.93***||
|||(0.30)|(0.60)||(0.23)|(0.21)||(0.26)|(0.30)|(0.34)||
|t=1993|||||||-2.19***|0.56|-0.12|-0.51|0.17|
||||||||(0.30)|(0.79)|(0.76)|(0.70)|(0.28)|
|t=1994|||||||-2.21***|0.47|-0.19|-0.51|0.10|
||||||||(0.29)|(0.78)|(0.75)|(0.71)|(0.28)|
|t=1995|||||||-2.18***|0.50|-0.16|-0.52|0.12|
||||||||(0.29)|(0.78)|(0.75)|(0.71)|(0.27)|
|t=1996|||||||-2.18***|0.44|-0.21|-0.49|0.075|
||||||||(0.28)|(0.76)|(0.73)|(0.71)|(0.27)|
|t=1997|||||||-2.16***|0.41|-0.22|-0.47|0.057|
||||||||(0.28)|(0.75)|(0.72)|(0.71)|(0.27)|
|t=1998|||||||-2.14***|0.35|-0.25|-0.45|0.017|
||||||||(0.28)|(0.74)|(0.70)|(0.71)|(0.27)|
|t=1999|||||||-2.09***|0.46|-0.16|-0.40|0.11|
||||||||(0.28)|(0.75)|(0.72)|(0.71)|(0.26)|
|t=2000|||||||-2.05***|0.45|-0.16|-0.34|0.11|
||||||||(0.28)|(0.73)|(0.71)|(0.71)|(0.26)|
|t=2001|||||||-2.06***|0.35|-0.23|-0.35|0.031|
||||||||(0.27)|(0.72)|(0.69)|(0.71)|(0.26)|
|t=2002|||||||-2.07***|0.43|-0.19|-0.35|0.082|
||||||||(0.27)|(0.73)|(0.71)|(0.72)|(0.26)|
|t=2003|||||||-2.11***|0.37|-0.24|-0.39|0.026|
||||||||(0.27)|(0.73)|(0.71)|(0.72)|(0.25)|
|t=2004|||||||-2.16***|0.29|-0.31|-0.43|-0.050|
||||||||(0.26)|(0.72)|(0.70)|(0.72)|(0.25)|
|t=2005|||||||-2.19***|0.31|-0.31|-0.45|-0.047|
||||||||(0.26)|(0.73)|(0.71)|(0.72)|(0.25)|
|t=2006|||||||-2.19***|0.43|-0.23|-0.42|0.049|
||||||||(0.26)|(0.75)|(0.74)|(0.73)|(0.25)|
|t=2007|||||||-2.18***|0.43|-0.23|-0.40|0.047|
||||||||(0.26)|(0.75)|(0.73)|(0.73)|(0.25)|
|t=2008|||||||-2.18***|0.46|-0.21|-0.39|0.069|
||||||||(0.25)|(0.75)|(0.74)|(0.74)|(0.25)|
|t=2009|||||||-2.11***|0.75|0.0072|-0.31|0.31|
||||||||(0.26)|(0.80)|(0.79)|(0.74)|(0.25)|
|t=2010|||||||-2.11***|0.63|-0.077|-0.31|0.21|
||||||||(0.25)|(0.77)|(0.76)|(0.74)|(0.25)|
|t=2011|||||||-2.11***|0.58|-0.11|-0.32|0.17|
||||||||(026)|(076)|(075)|(075)|(025)|
|Constant|-1.60***|1.48*|0.58|-2.98***|-2.89***|-2.85***|.|.|.|.|.|
||(0.25)|(0.83)|(1.24)|(0.25)|(0.68)|(0.62)||||||
|Obs.|66|66|66|67|67|67|1226|1226|1226|702|1226|
|F-Stat.<br>|40.1|31.8|19.3|1.3|0.3|0.7|338.2|416.6|415.4|310.6|151.0|
|R<sup>2</sup>|0.3|0.3|0.4|0.0|0.00|0.0|1.0|1.0|1.0|1.0|0.4|
|Adj. R<sup>2</sup>|0.3|0.3|0.3|0.0|-0.0|-0.001|1.0|1.0|1.0|1.0|0.4|

_Notes:_ The table reports coefficient estimates from linear regressions of ln <u>�</u> _pph,nh,ikkhh,n,i_ <u>�</u> on log real GDP per capita and predicted values based on country specific industrial composition, both separately and jointly. Data are taken from the WDI. Predictions based on industrial composition are based on equation (12) and computed as ln � _<u>rr</u>_ <u>++</u> _<u>δδni</u>_<sup>_·_</sup> <u>��</u> _<u>njnj</u>_ =1=1<sup>_ααj,nj,iYYhh,j,j_</sup> �, with _r_ = 0 _._ 03, _δn_ = 0 _._ 06, and _δi_ = 0 _._ 2. Standard errors are clustered on country and reported in parentheses below each coefficient. Significance levels are indicated by * _p <_ 0 _._ 1, ** _p <_ 0 _._ 05, and *** _p <_ 0 _._ 01. 26