Globalization, Divergence and Stagnation



Table 1: Descriptive Statistics

IPR

OPEN*

OPEN

KL

HL

POP

GDPW

1965

2.47

0.52

46.69

7848

19.82

26420

16953

(0.59)

(0.50)

(25.69)

(7703)

(18.39)

(70771)

(11608)

1970

2.52

0.51

50.37

10232

23.51

29003

18915

(0.67)

(0.50)

(29.52)

(9265)

(19.61)

(78764)

(12248)

1975

2.53

0.49

57.83

12997

26.11

31833

20917

(0.67)

(0.50)

(29.51)

(11394)

(19.95)

(87549)

(13244)

1980

2.69

0.52

61.42

15190

32.72

34782

21347

(0.85)

(0.50)

(31.38)

(12781)

(22.09)

(97354)

(14101)

1985

2.71

0.49

60.69

16507

35.59

37821

23412

(0.89)

(0.50)

(35.42)

(14154)

(21.63)

(107662)

(15666)

1990

2.75

0.70

63.54

18754

40.26

41039

25433

(0.90)

(0.46)

(38.14)

(16336)

(21.99)

(118867)

(16960)

Correlation Matrix

IPR

1.00

OPEN*

0.40

1.00

OPEN

0.20

0.26

1.00

KL

0.55

0.50

0.11

1.00

HL

0.61

0.50

0.16

0.78

1.00

POP

-0.05

-0.07

-0.31

-0.07

-0.01

1.00

GDPW

0.59

0.60

0.16

0.86

0.80

-0.05

1.00

Note: OPEN* is the Sachs and Warner index of openness. Standard error in parentheses.

Table 2: Conditional Correlations

Variable

Conditional on

CORR with GDPW

N. obs.

IPR

OPEN=0

0.003

146

IPR

OPEN=1

0.748

166

OPEN

IPR<2.5

0.238

135

OPEN

IPR>=2.5

0.726

177

IPR

POP<mean

0.48

254

IPR

POP>=mean

0.85

70

Note: OPEN= Sachs and Warner index of openness

24



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