**Table 2.** FLS 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(_βi|y_)_|_<br>_~~√~~_Var(_βi|y_)|E(_βi|y_)|_~~√~~_Var(_βi|y_)|_|_E(_β_i_|_y)_|_<br>_~~√~~_Var(_β_i_|_y)|Sign|
|1<br>log GDP in 1960|1.00|-1.4180|0.269|5.3|-1.4180|0.267|5.3|1.0|
|2<br>Fraction Confucian|1.00|0.4900|0.117|4.2|0.4922|0.113|4.4|1.0|
|3<br>Life expectancy|0.95|0.9574|0.371|2.6|1.0120|0.300|3.4|1.0|
|4<br>Equipment investment|0.94|0.5575|0.222|2.5|0.5920|0.179|3.3|1.0|
|5<br>Sub-Saharan dummy|0.76|-0.4772|0.334|1.4|-0.6303|0.225|2.8|1.0|
|6<br>Fraction Muslim|0.66|0.2565|0.219|1.2|0.3909|0.143|2.7|1.0|
|7<br>Rule of law|0.52|0.2594|0.280|0.9|0.5027|0.172|2.9|1.0|
|8<br>Number of years open economy|0.50|0.2556|0.283|0.9|0.5088|0.174|2.9|1.0|
|9<br>Degree of capitalism|0.47|0.1577|0.184|0.9|0.3347|0.114|2.9|1.0|
|10<br>Fraction Protestant|0.46|-0.1441|0.176|0.8|-0.3129|0.120|2.6|1.0|
|11<br>Fraction GDP in mining|0.44|0.1384|0.176|0.8|0.3136|0.122|2.6|1.0|
|12<br>Non-Equipment investment|0.43|0.1346|0.173|0.8|0.3130|0.116|2.7|1.0|
|13<br>Latin American dummy|0.19|-0.0729|0.175|0.4|-0.3829|0.205|1.9|1.0|
|14<br>Primary school enrollment, 1960|0.18|0.0941|0.224|0.4|0.5126|0.241|2.1|1.0|
|15<br>Fraction Buddhist|0.17|0.0394|0.100|0.4|0.2356|0.114|2.1|1.0|
|16<br>Black market premium|0.16|-0.0355|0.092|0.4|-0.2250|0.106|2.1|1.0|
|17<br>Fraction Catholic|0.11|-0.0123|0.113|0.1|-0.1118|0.326|0.3|0.7|
|18<br>Civil liberties|0.10|-0.0388|0.134|0.3|-0.3879|0.212|1.8|1.0|
|19<br>Fraction Hindu|0.10|-0.0247|0.094|0.3|-0.2556|0.182|1.4|1.0|
|20<br>Primary exports, 1970|0.07|-0.0209|0.089|0.2|-0.2916|0.178|1.6|1.0|
|21<br>Political rights|0.07|-0.0205|0.090|0.2|-0.2994|0.189|1.6|1.0|
|22<br>Exchange rate distortions|0.06|-0.0134|0.063|0.2|-0.2202|0.142|1.6|1.0|
|23<br>Age|0.06|-0.0098|0.048|0.2|-0.1714|0.110|1.6|1.0|
|24<br>War dummy|0.05|-0.0097|0.051|0.2|-0.1886|0.127|1.5|1.0|
|25<br>Fraction of Pop. Speaking English|0.05|-0.0071|0.039|0.2|-0.1512|0.104|1.5|1.0|
|26<br>Fraction speaking foreign language|0.05|0.0089|0.051|0.2|0.1893|0.146|1.3|0.9|
|27<br>Size labor force|0.05|0.0099|0.069|0.1|0.2107|0.240|0.9|0.8|
|28<br>Ethnolinguistic fractionalization|0.04|0.0059|0.042|0.1|0.1718|0.154|1.1|1.0|
|<br>29<br>Spanish Colony dummy|0.03|0.0058|0.050|0.1|0.1693|0.211|0.8|0.9|
|30<br>S.D. of black-market premium|0.03|-0.0041|0.031|0.1|-0.1337|0.117|1.1|1.0|
|31<br>French Colony dummy|0.03|0.0042|0.031|0.1|0.1358|0.117|1.2|1.0|
|32<br>Absolute latitude|0.02|0.0005|0.040|0.0|0.0212|0.257|0.1|0.5|
|33<br>Ratio workers to population|0.02|-0.0030|0.031|0.1|-0.1220|0.158|0.8|0.9|
|34<br>Higher education enrollment|0.02|-0.0041|0.039|0.1|-0.1720|0.187|0.9|1.0|
|35<br>Population growth|0.02|0.0032|0.035|0.1|0.1513|0.188|0.8|0.9|
|<br>36<br>British colony dummy|0.02|-0.0019|0.022|0.1|-0.0913|0.121|0.8|0.9|
|37<br>Outward orientation|0.02|-0.0018|0.021|0.1|-0.0865|0.117|0.7|0.9|
|38<br>Fraction Jewish|0.02|-0.0014|0.020|0.1|-0.0701|0.127|0.6|0.8|
|39<br>Revolutions and coups|0.02|0.0000|0.017|0.0|0.0009|0.136|0.0|0.5|
|40<br>Public education share|0.02|0.0004|0.017|0.0|0.0230|0.130|0.2|0.6|
|41<br>Area (scale effect)|0.02|-0.0006|0.014|0.0|-0.0427|0.108|0.4|0.8|

_−_ Fig. 3 displays the log posterior odds, log( _Jij_ ), for all the 820 = 41(41 1) _/_ 2 pairs of variables. In the plot, the log Bayes factors, log( _Jij_ ), are sorted lexicographically along the horizontal axis, first by _P_ ( _i_ ) and then by _P_ ( _j_ ). Thus, since variable 1 has the highest inclusion probability, all its pairings appear first. Among those, variable 2 appears first, then 3, etc.

Posterior odds in Fig. 3 are classified as conveying positive, strong, very strong or decisive evidence of jointness when they exceed 3, 10, 30 or 100, and horizontal lines separate these 7