CC0 1.0 Universal Public Domain Dedicationhttps://creativecommons.org/publicdomain/zero/1.0/
License information was derived automatically
The model estimated in this document uses a set of variables that are available for a wide range of countries with different levels of development, resulting in a sample of 91 countries for the period 1970-2010. The file titled “Database PLS-PM” contains the data with which is possible to estimate the human capital index (ich) calculated in the paper. The variables used and their notation is as follows: FR= Fertility Rates VAAS = value-added contributed by the agricultural sector to GDP GNI = Gross National Incomes per capita LE = Life Expectancy MR = Mortality rate for children under five years AYE = Average Years of Education SPR = Student-Professor Ratio EC = Energy Consumption per capita PP = patent applications by residents per capita Given the database is not complete for all countries or for all years, this missing data was complete through interpolation method. All variables were transformed by mean of logarithms, except GNI. In the case of EC and PP, block of returns on human capital, the manifest variables are transformed such that they may be retrieved in levels at a later stage. 2. Data to estimate the economic growth regressions Cross-section: The file titled “Database – Cross-Section” contains the data with which it is possible to estimate the results shown in tables 1-5 of the manuscript. The variables used and their notation is the following: grow = GDP per capita, rate of change log(gdp75) = lag of GDP in 1975, logarithm demo = a binary variable measuring the level of democracy in the countries contes = indicators by principal component analysis to approximate the degree of contestation inclu = indicators by principal component analysis to approximate the degree of inclusiveness lnihc = human capital index estimated through PLS-PM, logarithm lnaye = average years of education developed by Barro and Lee (2013), logarithm lninves = investment in physical capital, measured as the average share of investment real to GDP, logarithm lngov = average government consumption as a percentage of GDP, logarithm lninfla = inflation measured by consumer prices, logarithm lnpop = population growth rate, logarithm lnich70, lnich75, lnape70, lnape75 lninves70 lninves75 lnpop70 lnpop75 = lags of lnich, lnaye, lninves and lnpop dafri = dummy for African countries Panel data: The file titled “Database – Panel data” contains the data with which it is possible to estimate the results shown in tables 6-9 of the manuscript. All variables are averages for the underlying period. The variables used and their notation is the following: grow = GDP per capita, rate of change lngdp75 = initial GDP in 1975, logarithm demo = a binary variable measuring the level of democracy in the countries contes = indicators by principal component analysis to approximate the degree of contestation inclu = indicators by principal component analysis to approximate the degree of inclusiveness lnihc = human capital index estimated through PLS-PM, logarithm lnaye = average years of education developed by Barro and Lee (2013), logarithm lninves = investment in physical capital, measured as the average share of investment real to GDP, logarithm lngov = average government consumption as a percentage of GDP, logarithm lninfla = inflation measured by consumer prices, logarithm lnpop = population growth rate, logarithm dafri = dummy for African countries
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CC0 1.0 Universal Public Domain Dedicationhttps://creativecommons.org/publicdomain/zero/1.0/
License information was derived automatically
The model estimated in this document uses a set of variables that are available for a wide range of countries with different levels of development, resulting in a sample of 91 countries for the period 1970-2010. The file titled “Database PLS-PM” contains the data with which is possible to estimate the human capital index (ich) calculated in the paper. The variables used and their notation is as follows: FR= Fertility Rates VAAS = value-added contributed by the agricultural sector to GDP GNI = Gross National Incomes per capita LE = Life Expectancy MR = Mortality rate for children under five years AYE = Average Years of Education SPR = Student-Professor Ratio EC = Energy Consumption per capita PP = patent applications by residents per capita Given the database is not complete for all countries or for all years, this missing data was complete through interpolation method. All variables were transformed by mean of logarithms, except GNI. In the case of EC and PP, block of returns on human capital, the manifest variables are transformed such that they may be retrieved in levels at a later stage. 2. Data to estimate the economic growth regressions Cross-section: The file titled “Database – Cross-Section” contains the data with which it is possible to estimate the results shown in tables 1-5 of the manuscript. The variables used and their notation is the following: grow = GDP per capita, rate of change log(gdp75) = lag of GDP in 1975, logarithm demo = a binary variable measuring the level of democracy in the countries contes = indicators by principal component analysis to approximate the degree of contestation inclu = indicators by principal component analysis to approximate the degree of inclusiveness lnihc = human capital index estimated through PLS-PM, logarithm lnaye = average years of education developed by Barro and Lee (2013), logarithm lninves = investment in physical capital, measured as the average share of investment real to GDP, logarithm lngov = average government consumption as a percentage of GDP, logarithm lninfla = inflation measured by consumer prices, logarithm lnpop = population growth rate, logarithm lnich70, lnich75, lnape70, lnape75 lninves70 lninves75 lnpop70 lnpop75 = lags of lnich, lnaye, lninves and lnpop dafri = dummy for African countries Panel data: The file titled “Database – Panel data” contains the data with which it is possible to estimate the results shown in tables 6-9 of the manuscript. All variables are averages for the underlying period. The variables used and their notation is the following: grow = GDP per capita, rate of change lngdp75 = initial GDP in 1975, logarithm demo = a binary variable measuring the level of democracy in the countries contes = indicators by principal component analysis to approximate the degree of contestation inclu = indicators by principal component analysis to approximate the degree of inclusiveness lnihc = human capital index estimated through PLS-PM, logarithm lnaye = average years of education developed by Barro and Lee (2013), logarithm lninves = investment in physical capital, measured as the average share of investment real to GDP, logarithm lngov = average government consumption as a percentage of GDP, logarithm lninfla = inflation measured by consumer prices, logarithm lnpop = population growth rate, logarithm dafri = dummy for African countries