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| Variables | Description and sources |
|
| Growth | Average compound growth rate of real PPP converted GDP per capita (Chain Series) at 2005 constant prices. Source: Penn World Table 7.1. |
| Govcons | Government Consumption, (percent of GDP). Source: IMF World Economic Outlook (WEO). |
| Invest | Total investment (percent of GDP). Source: World Bank. |
| Pubinv | Gross fixed capital formation, public sector (percent of GDP). Source: World Bank and AMECO*. |
| Prinv | Gross fixed capital formation, private sector (percent of GDP). Source: World Bank and AMECO. |
| Exp | General government total expenditure (percent of GDP). Source: World Bank. |
| Pubeduc | Public spending on education, total (percent of GDP). Source: World Bank. |
| Pubhealth | Health expenditure, public (percent of GDP). Source: World Bank. |
| Pubmilit | Military expenditure (percent of GDP). Source: World Bank & SIPRI organization. |
| Sch | Average years of schooling. Source: Barro-Lee. (Interpolated) |
| Pupteapr | Pupils-teacher ratio, primary. Source: World Bank. |
| Pupteasec | Pupils-teacher ratio, secondary. Source: World Bank. |
| Fertil | Fertility rate, total (births per woman). Source: World Bank. |
| Lifeexp | Life expectancy. Source: World Bank. |
| Openness | Openness at 2005 constant prices (%). Source: Penn World Table 7.1. |
| Inflation | Average consumer prices, (Index), Source: IMF World Economic Outlook (WEO). |
| Unempl | Unemployment, total (% of total labor force). Source: World Bank. |
| Tfpgrowth | Total Factor Productivity Growth—Estimated as Tornqvist index. Source: Total Economy Database, USA. |
| Telec | Telephone lines (per 100 people). Source: World Bank. |
| Railway | Rail lines (total route-km). Source: World Bank. |
| Roadpaved | Roads, paved (% of total roads). Source: World Bank. |
| Pop | Population growth (annual %). Source: World Bank. |
| Deficit | Cash surplus/deficit (percent of GDP). Source: World Bank. |
| Debt | General Government gross debt, (perecnt of GDP). Source: IMF World Economic Outlook (WEO). |
| Emplindu | Employment in industry (percent of total employment). Source: World Bank. |
| Mortal5 | Mortality rate, under-5 (per 1,000 live births). Source: World Bank. |
| Stabil | Political Stability and Absence of Violence. Source: Worldwide Governance Indicators. |
| Effect | Government Effectiveness. Source: Worldwide Governance Indicators. |
| Rule | Rule of Law. Source: Worldwide Governance Indicators. |
| Corrupt | Control of Corruption. Source: Worldwide Governance Indicators. |
| Gini | Index, Source: World Bank. |
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