Table 1

Proxies for the suggested factors, the sources from where information on them was obtained and how they are calculated

GroupVariable(s)DescriptionSource
Political–economicLog. Years Since IndependenceLog. (Time − years of independence)CIA Factbook (CIA, n.d.)
Communist HeritageA dummy variable for whether a country was ruled by a Communist regimeKailitz (2013) and Sabry (2009) with some modifications
Urban Population in the 1960sAverage of urban population (% of total population) between 1960 and 1965World Development Indicators (WDI) (World Bank, n.d.a)
Industry Value Added in the 1960sAverage of industry (including construction) value added (% of GDP) between 1960 and 1965Google Developers (Google Developers, n.d.)
GeographicalCountry SizeLog. (Population, total)WDI
LatitudeAbsolute of distance from the equatorGoogle Developers (Google Developers, n.d.)
Fuel Richness5-year average of the following calculation: [Fuel exports (% of merchandise exports) * Merchandise exports (current US$)] * [GDP (current US$)/GDP (constant 2015 US$)] * [1/Population, total]WDI
Metal Richness5-year average of the following calculation: [Ores and metals exports (% of merchandise exports) * Merchandise exports (current US$)] * [GDP (current US$)/GDP (constant 2015 US$)]* [1/Population, total]WDI
LegalLegal VariablesBritish, French and German Legal Systems dummy variablesLa Porta et al. (2008) 
CulturalReligious AdherenceProtestant, Catholic, Orthodox, Muslim, Buddhist and ConfucianSabry (2013) depending on data from the UN “Ethnocultural characteristics” (United Nations, n.d.), CIA Factbook, and the “Association of Religion Data Archives” (ARDA) (The Association of Religion Data Archives (ARDA), n.d.)
Ethnic Fractionalization The Quality of Government Dataset (University of Gothenburg, n.d.) and Alesina, Devleeschauwer, Easterly, Kurlat, and Wacziarg (2003) 

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