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Acemoglu, Johnson, Robinson (2005) (view source)
Revision as of 14:09, 15 May 2012
, 14:09, 15 May 2012→How does the author test the hypothesis?
*X is other covarriate
*PAT is potential for Atlantic Trade
Reults of Specification 1:
* when Interation term added, WE covariate becomes small and non-significant. Demenstrating that the interation is what is important.
*Run cols 8-10 with Atlantic costline instead of Atlantic Trader, as we are concerned with Atlantic trader being an expost outcome and endogenous.
*Interation only becomes significant after dates 1600 when using AT dummuy, and 1750 when using Atlantic costline instead of expost AT result.
Secification 2 repeats specification 1 using a more restricted model, as we force differential growth to be related to log of aggregate volume of atlantic trade in time t and country j instead of simply being an Atlantic trader. Results are nearly identical to Specification 1.
=== What do the authors tests achieve?===
