Cross-Country Evidence on the Link between the Level of Infrastructure and Capital Inflows

Variable

__________________Description__________________

_____Sources_____

Wealth

log( GDP per Capita in Current US $)

Simple Average for 1990-95_______________________

World Bank (GDF
& WDI, 1999 a,b)

Size

log( GDP in Current US $)

Simple Average for 1990-95_______________________

World Bank (GDF
& WDI, 1999 a,b)

Nat. Resources

Mineral Fuels as a Percentage of

Merchandise Exports

Simple Average for 1990-95_______________________

World Bank (WDI,
1999 b)

Telecircuit

Int. Telephone Circuits / Population

Population in Total. Level at
1990__________________________________________

World Telecom.
Indicators (ITU,
2001)

World Bank (WDI,
1999 b)____________

Road

Total Lenght of Concrete or Bitumen-Surfaced
Roads / Square km

Square km as of Country Size. Level
at 1990__________________________________________

Canning (1998)

World Bank
(WDI, 1999 b)

Air-Departures
per Population

Aircraft departures (thousands) / Population

Population in Total. Level at

1990__________________________________________

World Bank
(WDI, 1999 b)

Openness

Sum of predicted Bilateral Trade Shares
(taken from geographical determinants
of the gravity model)______________________________

Frankel and
Romer (1999)

Latitude

Latitude of country centroid. In those countries
where the country’s centroid fell in the
ocean it was moved within the

nearest land boundary___________________________

Sachs and
Warner (1997)

Landlocked

Dummy which takes the value 1 if the
country has no access to any coastline,
otherwise 0.________________________________________

Gallup, Sachs
and Mellinger
(1998)______________