& \textbf{Dev-Favored}& \textbf{Mean in 1985}& \textbf{Mean in 2015}& \multicolumn{2}{c}{\textbf{Change (in $\sigma_{1985}$)}}& Convergence $\beta$ \\ \cmidrule(lr){2-7}
& & & & Estimate & p-val & \\ \hline
 Gross capital formation (\% of GDP) &       High &     22.07 &     24.18 &      0.23 &      0.06 &     -2.98*** \\
 Population growth (annual \%) &        Low &      1.99 &      1.42 &     -0.43 &      0.00 &     -1.53*** \\
 \textbf{Barro-Lee Education Age 20-60} &       High &      6.19 &      8.80 &      0.86 &      0.00 &     -0.16 \\
\hline
\textbf{Average of Solow Fundamentals} & & & & & &     -1.56 \\
\hline
 Education Gap (Male-Female) &        Low &      0.97 &      0.33 &     -0.66 &      0.00 &     -0.81*** \\
 Labor Force Participation Rate &        Low &     62.48 &     62.61 &      0.01 &      0.79 &     -0.66*** \\
 \textbf{Polity 2 Score} &       High &     -0.87 &      4.69 &      0.73 &      0.00 &     -2.03*** \\
 Freedom House Political Rights &       High &      5.86 &      6.53 &      0.30 &      0.00 &     -1.39*** \\
 Freedom House Civil Liberty &       High &      5.72 &      6.56 &      0.41 &      0.00 &     -1.36*** \\
 Media Freedom Score &       High &     52.63 &     49.93 &     -0.12 &      0.02 &     -0.88*** \\
 WGI Political Stability &       High & - & - & - & - & -  \\
 WGI Government Effective &       High & - & - & - & - & -  \\
 WGI Regulatory Quality &       High & - & - & - & - & -  \\
 \textbf{WGI Rule of Law} &       High & - & - & - & - & -  \\
 WGI Control of Corruption &       High & - & - & - & - & -  \\
 Overall Economic Freedom Index &       High & - & - & - & - & -  \\
 Government Integrity &       High & - & - & - & - & -  \\
 Property Rights &       High & - & - & - & - & -  \\
 Business Freedom &       High & - & - & - & - & -  \\
 Equal-weighted Tariff &        Low &      9.46 &      4.36 &     -0.47 &      0.00 &     -3.46*** \\
 Value-weighted Tariff &        Low &      8.11 &      3.09 &     -0.70 &      0.00 &     -3.38*** \\
 Taxes on Income \& Capital Gain &       High &     25.54 &     28.79 &      0.20 &      0.06 &     -1.61*** \\
 \textbf{Government Spending (\%GDP)} &       High &     15.90 &     15.96 &      0.01 &      0.90 &     -1.61*** \\
 Taxes on Goods and Services &        N/A & - & - & - & - & -  \\
 Tax Burden Score &        N/A & - & - & - & - & -  \\
 Private Investment &       High &      0.63 &      0.63 &      0.00 &      0.99 &     -1.60*** \\
 Military Expenditure (\%GDP) &        N/A &      3.38 &      1.89 &     -0.47 &      0.00 &     -2.10*** \\
 Inflation &        N/A &     16.19 &      2.25 &     -0.54 &      0.00 &     -3.07*** \\
 Central Bank Independence &        N/A &      0.38 &      0.60 &      1.77 &      0.00 &     -2.56*** \\
 Credit to Private Sector &       High &     31.46 &     55.60 &      0.95 &      0.00 &      0.89** \\
 \textbf{Credit by Financial Sector} &       High &     49.42 &     69.15 &      0.47 &      0.00 &     -0.98 \\
 Financial Freedom &       High & - & - & - & - & -  \\
 Investment Freedom &       High & - & - & - & - & -  \\
\hline
\textbf{Average of Short Run Correlates} & & & & & &     -1.66 \\
\hline
