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Table 1: FD and ST

(1) (2) (3) (4) (5)


pcy pcy pcy pcy pcy
state 0.706*** 0.481*** 0.688*** 0.958*** 0.334*
(0.175) (0.153) (0.174) (0.160) (0.165
cr 0.451***
(0.128)
cyear -0.941***
(0.219)
info 0.385***
(0.097)
legor_fr -0.344***
(0.096)
legor_ge -0.088
(0.140)
legor_sc 0.304
(0.218)
catho80 -0.685***
(0.193)
muslim80 -1.104***
(0.193)
no_cpm80 -0.809***
(0.203)
latitude 0.991*
(0.329
island 0.204
(0.157
landlock -0.256*
(0.082
tropical -0.07
(0.129
am

as

eu

oc

_cons 0.163* 0.015 0.375*** 0.765*** 0.121


(0.092) (0.136) (0.102) (0.168) (0.173
R2 0.134 0.393 0.288 0.356 0.411
adj. R2 0.126 0.369 0.260 0.331 0.381
N 107 107 107 107 107
Standard errors in parentheses
* p < 0.10, ** p < 0.05, *** p < 0.01

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