Table A1 Summary statistics Variable...

Table A1

Summary statistics

Variable	Mean	Median	Minimum	Maximum	Std. Dev	Skewness	Ex. Kurtosis
Balanced SBLR	0.132	0	0	1	0.339	2.169	2.704
State-capture SBLR	0.361	0	0	1	0.480	0.578	−1.666
Crony SBLR	0.440	0	0	1	0.496	0.243	−1.941
State-dominance SBLR	0.067	0	0	1	0.250	3.471	10.049
Log. years of independence	4.228	3.989	0	7.894	1.106	0.764	1.254
Urban pop. (1960–1965)	38.874	35.392	2.178	100	24.913	0.624	−0.333
Industry VA per GDP (1960–1965)	22.014	20.662	3.590	58.216	10.126	0.829	1.545
Communist heritage	0.216	0	0	1	0.411	1.383	−0.087
Log. population	6.647	6.798	3.974	9.142	0.992	−0.464	−0.138
Latitude	19.216	17.608	−40.901	71.707	23.907	−0.207	−0.573
Fuel richness	1.240	1.613	−4.940	4.578	1.854	−0.741	0.024
Metal richness	1.318	1.555	−4.682	3.801	1.249	−0.870	0.772
Legal British	0.328	0	0	1	0.470	0.732	−1.465
Legal French	0.538	1	0	1	0.499	−0.154	−1.976
Protestant	0.192	0.06	0	0.961	0.250	1.410	0.926
Catholic	0.302	0.160	0	0.98	0.331	0.806	−0.902
Orthodox	0.071	0	0	0.98	0.213	3.257	9.287
Muslim	0.237	0.024	0	1	0.358	1.241	−0.195
Buddhist	0.040	0.001	0	0.964	0.156	4.571	20.349
Confucian/Taoism/Chinese	0.010	0.001	0	0.589	0.061	8.280	70.339
Ethnic Frac	0.439	0.431	0	0.930	0.257	0.003	−1.249

Variable	Mean	Median	Minimum	Maximum	Std. Dev	Skewness	Ex. Kurtosis
Balanced SBLR	0.132	0	0	1	0.339	2.169	2.704
State-capture SBLR	0.361	0	0	1	0.480	0.578	−1.666
Crony SBLR	0.440	0	0	1	0.496	0.243	−1.941
State-dominance SBLR	0.067	0	0	1	0.250	3.471	10.049
Log. years of independence	4.228	3.989	0	7.894	1.106	0.764	1.254
Urban pop. (1960–1965)	38.874	35.392	2.178	100	24.913	0.624	−0.333
Industry VA per GDP (1960–1965)	22.014	20.662	3.590	58.216	10.126	0.829	1.545
Communist heritage	0.216	0	0	1	0.411	1.383	−0.087
Log. population	6.647	6.798	3.974	9.142	0.992	−0.464	−0.138
Latitude	19.216	17.608	−40.901	71.707	23.907	−0.207	−0.573
Fuel richness	1.240	1.613	−4.940	4.578	1.854	−0.741	0.024
Metal richness	1.318	1.555	−4.682	3.801	1.249	−0.870	0.772
Legal British	0.328	0	0	1	0.470	0.732	−1.465
Legal French	0.538	1	0	1	0.499	−0.154	−1.976
Protestant	0.192	0.06	0	0.961	0.250	1.410	0.926
Catholic	0.302	0.160	0	0.98	0.331	0.806	−0.902
Orthodox	0.071	0	0	0.98	0.213	3.257	9.287
Muslim	0.237	0.024	0	1	0.358	1.241	−0.195
Buddhist	0.040	0.001	0	0.964	0.156	4.571	20.349
Confucian/Taoism/Chinese	0.010	0.001	0	0.589	0.061	8.280	70.339
Ethnic Frac	0.439	0.431	0	0.930	0.257	0.003	−1.249

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