Table 5 Incomes, trade shares, and import tariffs in a panel of non-OECD countries

Using trade shares as a measure of openness, 1960-2000

Dependent variable: ln income per capita, in PPP $1993
(4)
(1) (2) (3) OLS (5) (6) (7) (8)
OLS No OLS No OLS Includes Includes IV No IV No IV Includes IV Includes
controls controls controls controls controls controls controls controls

Trade, Foreign Investment, and Industrial Policy for Developing Countries

3-Year lag 0.907 0.514 0.214 0.203
trade share (0.036)!!! (0.037)!!! (0.038)!!! (0.035)!!!
Trade share 0.978 0.857 0.426 0.402
(0.037)!!! (0.057)!!! (0.067)!!! (0.064)!!!
Country NO YES YES YES NO YES YES YES
fixed effects?
Time fixed NO NO YES YES NO NO YES YES
effects
Observations 3294 3294 1996 2657 3288 3288 1996 2657
Continued

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