DDI_WLD_2002_IBGTE_v01_M 2011-03-10 NADA Version 01 (March 2011) Institution Building and Growth in Transition Economies 1987-2002 IBGTE 1987-2002 WLD_2002_IBGTE_v01_M Thorsten Beck and Luc Laeven NADA Development Research Group Macroeconomics - Indicators This dataset contains all variables used in the regressions of the paper "Institution Building and Growth in Transition Economies". The definition and sources of the different variables are explained in an appendix table of the paper, available as external resources. Please note that the growth data reported in Table 1 do not correspond to the growth data used for the analysis. The actual data used for the analysis are in the dataset. The growth data in Table 1 are from an earlier version of the paper that looked at a shorter sample period. World Aggregate data [agg] The dataset includes indicators related to: - Socialism - Raw exports - Ethnic fractionalization - CMEA Trade share - Tertiary enrollment - Gas reserves / population - Political Structure and Institution Building - Executive Constraints, Communist share, Liberalization, Privatization - Change in Rule of Law, Change in Corruption, EBRD reform - Monetary growth - Inflation Other [oth] Use of the dataset must be acknowledged using a citation which would include: - the Identification of the Primary Investigator - the title of the survey (including country, acronym and year of implementation) - the survey reference number - the source and date of download Example: Thorsten Beck and Luc Laeven. Institution Building and Growth in Transition Economies (IBGTE) 1987-2002. Ref. WLD_2002_IBGTE_v01_M. Dataset downloaded from [web address] on [date]. The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses. data This dataset contains all variables used in the regressions of the paper "Institution Building and Growth in Transition Economies". 24 31 cncode cncode cncode cncode cncode Country Code 24 ALB ARM AZE BGR BLR CZE EST GEO HRV HUN KAZ KGZ LTU LVA MDA MKD POL ROM RUS SVK SVN TJK TKM UKR mongrowth mongrowth mongrowth mongrowth mongrowth Monetary Growth 24 0.0504 0.985 0.361 0.243 Average annual growth rate of reserve money, averaged over 1992-2002. govcons govcons govcons govcons govcons Government Consumption 24 9.373 24.946 17.03 4.393 Share of government consumption in GDP, averaged over 1992-2002. viendist viendist viendist viendist viendist Distance from Vienna 24 62 4644 1570.542 1424.189 statehist statehist statehist statehist statehist State Antiquity 24 0.262 0.652 0.466 0.11 exconst exconst exconst exconst exconst Executive Constraints 1930 24 1 7 2.917 2.062 1 2 3 5 7 De facto political independence of chief executive of a country, measured in 1992, ranging from 1 (unlimited authority) to 7 (executive parity or subordination) gasres gasres gasres gasres gasres Gas Reserves/Population 24 0.00146 7.85e-05 0.0003 Natural gas reserves in trillion cubic meters in 1990 p[roved recoverable reserves divided by population cmeatrade cmeatrade cmeatrade cmeatrade cmeatrade CMEA Trade Share 24 0.02 0.45 0.19 0.114 Share of trade with CMEA partners in GDP in 1990. euaccess euaccess euaccess euaccess euaccess EU accession 24 1 Dummy variable that takes a value of one if the country is one of the eight countries that joined the European Union in 2003. educ educ educ educ educ Tertiary Enrollment 24 7.356 46.719 25.632 10.76 Ratio of total enrollment in institutions of tertiary education, regardless of age, to the population of the age group that officially corresponds to this level of education. vouch vouch vouch vouch vouch Voucher Privatization 23 1 1 Sysmiss Dummy variable if the country opted for mass privatization (as compared to direct sales or equity offerings), and zero otherwise. ethfrac ethfrac ethfrac ethfrac ethfrac Ethnic Fractionalization 24 0.118 0.675 0.371 0.161 Probability that two randomly selected individuals in a country are not from the same ethnic group. civilwar civilwar civilwar civilwar civilwar Civil War 24 1 Dummy variable that takes a value of one if there was a civil war in the country during 1992-2002 fsu fsu fsu fsu fsu FSU 24 1 Dummy variable that takes a value of one if the country was part of the Former Soviet Union, and zero otherwise. instdev instdev instdev instdev instdev Instititional Development 24 -1.677 0.783 -0.205 0.624 Measure of institutional development in 1996. This variables measures institutional development along six dimensions: voice and accountability, government effectiveness, rule of law, regulatory quality, absence of corruption, and political stability. The measure is a principal components indicator of these six components with a mean of zero and a standard deviation of one. socyears socyears socyears socyears socyears Years Undr Socialism 24 40 74 56.208 13.844 Number of years under socialism. rawimp rawimp rawimp rawimp rawimp Initial Raw Imports 24 0.00511 0.552 0.0825 0.119 Share of fuel, ores, and metal raw exports in GDP in the first available year of the sample period. ebrdref ebrdref ebrdref ebrdref ebrdref EBRD reform 24 1 3 2.116 0.546 Average of four indices measuring reforms in the areas of enterprise reform, competition policy, banking sector reform and reform of non-banking financial institutions. landlock landlock landlock landlock landlock Landlocked 24 1 Dummy variable that takes a value of one if the country is landlocked, and zero otherwise. hhconsgr hhconsgr hhconsgr hhconsgr hhconsgr Household Consumption Growth 24 -0.0489 0.102 0.0145 0.035 Average annual real growth rate of financial household consumption expenditure per capita over the period 1992 to 2002. gdppcgr gdppcgr gdppcgr gdppcgr gdppcgr GDP per Capita Growth 24 -0.0259 0.0713 0.0232 0.0256 Average annual real GDP per capita growth lgdppc lgdppc lgdppc lgdppc lgdppc Log of initial GDP per Capita 24 6.242 9.028 7.462 0.76 libinit libinit libinit libinit libinit Initial Liberalization 24 -0.891 2.079 2.5e-08 1 Principal component indicator of three liberalization indexes (price, trade, and ownership) in 1990. libspeed libspeed libspeed libspeed libspeed Speed of Liberalization 24 -1.982 1.069 -5.83e-08 1 Principal component indicator of the changes in the price, trade and ownership liberalization indexes over 1990-97. lawchange lawchange lawchange lawchange lawchange Change in Rule of Law 24 -1.827 1.75 -0.659 0.912 corruptchange corruptchange corruptchange corruptchange corruptchange Change in Corruption 24 -1.64 1.129 -0.771 0.721 lhhcini lhhcini lhhcini lhhcini lhhcini Log of initial household consumption per capita 19 5 4.764 8.199 6.742 0.857 rule_change96 rule_change96 rule_change96 rule_change96 rule_change96 Change in Rule of Law until 1996 24 -1.897 1.15 -0.742 0.74 corr_change96 corr_change96 corr_change96 corr_change96 corr_change96 Change in Corruption until 1996 24 -1.96 1.219 -0.782 0.66 repinfl repinfl repinfl repinfl repinfl Repressed inflation 24 -7.7 25.7 17.775 11.545 Increase in deflated wages minus the change in real GDP over the period 1987 to 1990 Predicted instdev Predicted instdev Predicted instdev Predicted instdev Predicted instdev Predicted institutional development 24 -0.568 0.409 8.33e-09 0.264