Capital Abundance and Developing Country Production Patterns

Table 4. Panel Regressions, Industry Value-Added Share, 14 Countries, 1982-1992
L i /K i ISIC Random-Effects Estimation
rank code Effect of ln(K/L) Effect of ln(w c /w US)
1 322 0.000
−0.003
(0.006)
(0.003)
2 324 0.005
−0.002
(0.001)*** (0.001)***
3 332 0.005
0.0004
(0.001)***
(0.001)
4 390 0.007
−0.003
(0.002)*** (0.001)***
5 323 0.001
0.0004
(0.0006)**
(0.0003)
6 385 0.004
0.000
(0.002)**
(0.001)
7 381 0.006
0.005
(0.003)** (0.002)**
8 382 0.016
0.012
(0.010)
(0.007)*
9 331 0.005
−0.001
(0.004)
(0.002)
10 342 0.0002
0.010
(0.002)
(0.002)***
11 356 0.005
0.001
(0.003)
(0.002)
12 361 0.001
0.001
(0.001)
(0.001)
13 321 −0.001
0.008
(0.008)
(0.005)
14 311 −0.030
0.014
(0.013)**
(0.008)*
15 383 0.046
−0.009
(0.012)***
(0.008)
16 384 0.011
−0.000
(0.006)**
(0.004)
17 355 −0.003
0.001
(0.002)
(0.001)
18 352 −0.018
0.014
(0.004)*** (0.003)***
19 313 0.010
0.010
(0.006)* (0.003)***
20 362 −0.002
0.002
(0.001)* (0.001)***
21 314 −0.029
0.012
(0.007)*** (0.004)***
22 341 0.011
−0.005
(0.002)*** (0.001)***
23 369 −0.008
0.009
(0.003)*** (0.002)***
24 372 −0.009
0.008
(0.008)
(0.004)**
25 354 −0.002
0.002
(0.002)
(0.001)
Between R 2 Within R 2 n
0.323 0.037 154
0.007 0.226 154
0.349 0.255 154
0.256 0.228 154
0.018 0.139 154
0.230 0.102 154
0.525 0.147 154
0.165 0.132 154
0.057 0.103 154
0.508 0.226 154
0.239 0.082 154
0.005 0.121 142
0.000 0.350 154
0.200 0.049 152
0.446 0.105 154
0.022 0.086 154
0.042 0.174 154
0.234 0.246 154
0.006 0.238 154
0.010 0.244 143
0.140 0.231 154
0.104 0.386 154
0.042 0.241 153
0.295 0.153 146
0.498 0.145 116