**Table 5.** DW data: Marginal posterior summary of the _β_ ’s.

<u>(Regressors are standardized.)</u>

|||||||Con|ditional on Inc|lusion<br>||
|---|---|---|---|---|---|---|---|---|---|
||Regressors|Prob.|E(_βi|y_)|_√_Var(_βi|y_)|_|_E(_β_i_|_y)_|_<br>_~~√~~_Var(_β_i_|_y)|E(_βi|y_)|_~~√~~_Var(_βi|y_)|_|_E(_β_i_|_y)_|_<br>_~~√~~_Var(_β_i_|_y)|Sign|
|1|Primary school enrollment, 1960|0.87|0.7080|0.338|2.1|0.8101|0.218|3.7|1.0|
|2|Investment price|0.86|-0.3900|0.195|2.0|-0.4530|0.125|3.6|1.0|
|3|East Asian dummy|0.84|0.5647|0.293|1.9|0.6693|0.179|3.7|1.0|
|4|logGDP in 1960|0.78|-0.5828|0.371|1.6|-0.7444|0.235|3.2|1.0|
|5|Fraction in tropical area|0.66|-0.4703|0.370|1.3|-0.7180|0.175|4.1|1.0|
|6|Population coastal density|0.56|0.2516|0.246|1.0|0.4527|0.135|3.4|1.0|
|7|Malaria prevalence|0.20|-0.1411|0.302|0.5|-0.6950|0.256|2.7|1.0|
|8|Fraction Confucian|0.17|0.0725|0.176|0.4|0.4326|0.168|2.6|1.0|
|9|Life expectancy|0.16|0.1556|0.390|0.4|0.9554|0.415|2.3|1.0|
|10|Sub-Saharan dummy|0.15|-0.1068|0.282|0.4|-0.7277|0.300|2.4|1.0|
|11|<br>Latin American dummy|0.14|-0.0832|0.219|0.4|-0.5825|0.214|2.7|1.0|
|12|Spanish colony dummy|0.11|-0.0454|0.143|0.3|-0.4216|0.173|2.4|1.0|
|13|Fraction GDP in mining|0.10|0.0305|0.102|0.3|0.3023|0.147|2.1|1.0|
|14|Ethnolinguistic fractionalization|0.10|-0.0331|0.111|0.3|-0.3316|0.155|2.1|1.0|
|15|Fraction Buddhist|0.09|0.0315|0.112|0.3|0.3505|0.167|2.1|1.0|
|16|Fraction Muslim|0.09|0.0319|0.116|0.3|0.3705|0.178|2.1|1.0|
|17|Population density|0.08|0.0201|0.077|0.3|0.2535|0.122|2.1|1.0|
|18|Government consumption share|0.08|-0.0231|0.092|0.3|-0.3078|0.157|2.0|1.0|
|19|Number of years open economy|0.07|0.0286|0.115|0.2|0.3851|0.198|1.9|1.0|
|20|Political rights|0.07|-0.0278|0.115|0.2|-0.3966|0.204|1.9|1.0|
|21|Fraction speaking foreign language|0.06|0.0156|0.073|0.2|0.2762|0.150|1.8|1.0|
|22|Openness measure 1965–74|0.05|0.0148|0.075|0.2|0.2989|0.165|1.8|1.0|
|23|Real exchange rate distortions|0.05|-0.0142|0.075|0.2|-0.3038|0.176|1.7|1.0|
|24|Higher education enrollment|0.05|-0.0158|0.084|0.2|-0.3545|0.191|1.9|1.0|
|25|Government share of GDP|0.04|-0.0115|0.063|0.2|-0.2578|0.159|1.6|1.0|
|26|Public investment share|0.04|-0.0115|0.063|0.2|-0.2709|0.155|1.7|1.0|
|27|Air distance to big cities|0.04|-0.0096|0.057|0.2|-0.2583|0.150|1.7|1.0|
|28|<br>Primary exports|0.03|-0.0090|0.063|0.1|-0.3144|0.208|1.5|1.0|
|29|Fraction population under 15|0.03|0.0091|0.069|0.1|0.3383|0.259|1.3|1.0|
|30|Fraction population in tropics|0.03|-0.0101|0.072|0.1|-0.3673|0.242|1.5|1.0|
|31|Fraction Protestant|0.02|-0.0072|0.060|0.1|-0.3064|0.242|1.3|1.0|
|32|Fraction Hindu|0.02|0.0048|0.038|0.1|0.2047|0.146|1.4|1.0|
|33|Nominal Government share|0.02|-0.0032|0.030|0.1|-0.1760|0.141|1.2|1.0|
|34|Outward orientation|0.02|-0.0030|0.027|0.1|-0.1611|0.122|1.3|1.0|
|35|Revolutions and coups|0.02|-0.0026|0.026|0.1|-0.1570|0.128|1.2|1.0|
|36|<br>Civil liberties|0.02|-0.0039|0.042|0.1|-0.2438|0.231|1.1|1.0|
|37|Fertility|0.02|-0.0049|0.061|0.1|-0.3021|0.379|0.8|0.9|
|38|Colony dummy|0.02|-0.0029|0.032|0.1|-0.1924|0.177|1.1|1.0|
|39|European dummy|0.01|-0.0004|0.047|0.0|-0.0315|0.397|0.1|0.5|
|40|Absolute latitude|0.01|0.0021|0.050|0.0|0.1583|0.402|0.4|0.6|
|41|Hydrocarbon deposits|0.01|0.0018|0.023|0.1|0.1378|0.152|0.9|0.9|
|42|<br>Fraction Catholic|0.01|-0.0035|0.048|0.1|-0.2790|0.329|0.8|0.9|
|43|British colony dummy|0.01|0.0017|0.022|0.1|0.1406|0.152|0.9|1.0|
|44|Religion measure|0.01|-0.0013|0.018|0.1|-0.1137|0.123|0.9|1.0|
|45|Average infation 1960–90|0.01|-0.0014|0.018|0.1|-0.1209|0.122|1.0|1.0|
|46|Landlocked country dummy|0.01|-0.0011|0.018|0.1|-0.1072|0.138|0.8|0.9|
|47|Terms of trade growth in 1960s|0.01|0.0012|0.019|0.1|0.1174|0.150|0.8|0.9|
|48|<br>Defense spending share|0.01|0.0013|0.020|0.1|0.1238|0.150|0.8|1.0|
|49|Square of infation 1960—90|0.01|-0.0010|0.016|0.1|-0.1037|0.121|0.9|1.0|
|50|Fraction of population over 65|0.01|0.0005|0.032|0.0|0.0493|0.313|0.2|0.6|
|51|<br>Public education spendingshare|0.01|0.0011|0.018|0.1|0.1156|0.146|0.8|1.0|

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