& $\delta_{1985}$& $\delta_{2005}$& $\lambda_{1985}$& $\lambda_{2005}$& $\delta\lambda_{1985}$& $\delta\lambda_{2005}$& N \\ \hline
 Gross capital formation (\% of GDP) &      0.263\sym{***} &     0.111  \sym{*} &     0.277 &     0.385\sym{*} &     0.073 &     0.043 &       115 \\
 Population growth (annual \%) &     -0.354\sym{***} &    -0.187\sym{***} &    -0.676\sym{***} &    -0.653\sym{***} &     0.239 &     0.122 &       136 \\
 \textbf{Barro-Lee Education Age 20-60} &      0.593\sym{***} &     0.619\sym{***} &     1.019\sym{***} &     0.579\sym{*} &     0.604 &     0.359 &       118 \\
\hline
\textbf{Average of Solow Fundamentals} &  &  &  &  &      0.31 &      0.17 & & 
 \\
\hline
 Education Gap (Male-Female) &     -0.326\sym{***} &    -0.447\sym{***} &    -0.560 \sym{**} &    -0.151 &     0.183 &     0.067 &       118 \\
 Labor Force Participation Rate &     -0.314\sym{***} &    -0.270\sym{***} &    -0.411 &     0.357\sym{*} &     0.129 &    -0.096 &       160 \\
 \textbf{Polity 2 Score} &      0.409\sym{***} &     0.185\sym{***} &     0.905\sym{***} &     0.326 &     0.370 &     0.060 &       124 \\
 Freedom House Political Rights &      0.451\sym{***} &     0.331\sym{***} &     1.103\sym{***} &     0.152 &     0.498 &     0.050 &       132 \\
 Freedom House Civil Liberty &      0.480\sym{***} &     0.334\sym{***} &     0.970\sym{***} &     0.132 &     0.466 &     0.044 &       132 \\
 Media Freedom Score &      0.466\sym{***} &     0.444\sym{***} &     0.079 &    -0.034 &     0.037 &    -0.015 &       152 \\
 WGI Political Stability & - & - & - & - &     0.061 &     0.023 &       159 \\
 WGI Government Effective & - & - & - & - &    -0.092 &     0.141 &       158 \\
 WGI Regulatory Quality & - & - & - & - &    -0.222 &    -0.025 &       159 \\
 \textbf{WGI Rule of Law} & - & - & - & - &    -0.145 &     0.010 &       159 \\
 WGI Control of Corruption & - & - & - & - &    -0.141 &    -0.092 &       159 \\
 Overall Economic Freedom Index & - & - & - & - &    -0.264 &    -0.179 &        97 \\
 Government Integrity & - & - & - & - &    -0.153 &    -0.145 &        97 \\
 Property Rights & - & - & - & - &    -0.117 &    -0.186 &        97 \\
 Business Freedom & - & - & - & - &    -0.030 &    -0.156 &        97 \\
 Equal-weighted Tariff &     -0.611\sym{***} &    -0.225\sym{***} &     0.567 &     1.066 &    -0.346 &    -0.240 &        45 \\
 Value-weighted Tariff &     -0.571\sym{***} &    -0.246\sym{***} &     0.437 &    -0.406 &    -0.249 &     0.100 &        45 \\
 Taxes on Income \& Capital Gain &      0.394\sym{***} &     0.286 \sym{**} &    -0.036 &     0.092 &    -0.014 &     0.026 &        48 \\
 \textbf{Government Spending (\%GDP)} &      0.248\sym{***} &     0.230\sym{***} &    -0.174 &    -0.259 &    -0.043 &    -0.060 &       111 \\
 Taxes on Goods and Services &     -0.169 &    -0.123 &    -0.602  \sym{*} &     0.253 &     0.102 &    -0.031 &        49 \\
 Tax Burden Score & - & - & - & - &     0.005 &    -0.004 &        97 \\
 Private Investment &      0.204\sym{***} &     0.218\sym{***} &     0.049 &     0.179 &     0.010 &     0.039 &       133 \\
 Military Expenditure (\%GDP) &      0.112 &     0.048 &     0.054 &    -0.536 &     0.006 &    -0.026 &       110 \\
 Inflation &     -0.096 &    -0.048 \sym{**} &    -0.114 &    -1.177\sym{**} &     0.011 &     0.056 &       124 \\
 Central Bank Independence &     -0.029 &     0.323\sym{***} &    -0.607 \sym{**} &     0.005 &     0.018 &     0.002 &       100 \\
 Credit to Private Sector &      0.459\sym{***} &     0.937\sym{***} &     0.740 \sym{**} &     0.161 &     0.340 &     0.151 &       104 \\
 \textbf{Credit by Financial Sector} &      0.251\sym{***} &     0.572\sym{***} &     0.373 &     0.139 &     0.093 &     0.079 &       104 \\
 Financial Freedom & - & - & - & - &    -0.066 &    -0.077 &        97 \\
 Investment Freedom & - & - & - & - &     0.133 &     0.007 &        97 \\
\hline
\textbf{Average of Short Run Correlates} &  &  &  &  &      0.02 &     -0.02 & & 
 \\
\hline
 Population in 1900 &     -0.218  \sym{*} &    -0.125 &     0.476 &     0.507\sym{**} &    -0.104 &    -0.063 &        58 \\
 Legal Origin (UK) &     -0.007 &     0.026 &     0.555\sym{***} &     0.041 &    -0.004 &     0.001 &       136 \\
 Legal Origin (France) &     -0.136 \sym{**} &    -0.171\sym{***} &    -0.621\sym{***} &    -0.282 &     0.084 &     0.048 &       136 \\
 Legal Origin (Germany) &      0.125 \sym{**} &     0.131 \sym{**} &     0.197 &     0.470\sym{**} &     0.025 &     0.061 &       136 \\
 Legal Origin (Scandinavia) &      0.237\sym{***} &     0.219\sym{***} &    -0.051 &    -0.077 &    -0.012 &    -0.017 &       136 \\
 Legal Origin (Socialist) &     -0.130  \sym{*} &    -0.080 &     0.002 &     0.352\sym{**} &    -0.000 &    -0.028 &       136 \\
 Log Settler Mortality Rate &     -0.570\sym{***} &    -0.563\sym{***} &    -0.814 \sym{**} &    -0.333 &     0.464 &     0.188 &        84 \\
 Mean Temperature (1986) &     -0.547\sym{***} &    -0.475\sym{***} &    -0.001 &     0.489\sym{**} &     0.000 &    -0.233 &        60 \\
 Distance from Coast &      0.287 \sym{**} &     0.329\sym{***} &     0.832 \sym{**} &     0.072 &     0.239 &     0.024 &        61 \\
 Ethno-Linguistic Fractionalization &     -0.405\sym{***} &    -0.417\sym{***} &    -0.601 \sym{**} &     0.050 &     0.244 &    -0.021 &       124 \\
 Landlocked &     -0.182\sym{***} &    -0.136 \sym{**} &     0.286 &     0.189 &    -0.052 &    -0.026 &       129 \\
 Latitude &      0.469\sym{***} &     0.477\sym{***} &     0.696 \sym{**} &     0.063 &     0.326 &     0.030 &       129 \\
 Tropical Climate &     -0.578\sym{***} &    -0.509\sym{***} &    -0.064 &     0.768\sym{***} &     0.037 &    -0.391 &        89 \\
\hline
\textbf{Average of Long Run Correlates} & &  &  &  &      0.10 &     -0.03 & & 
 \\
\hline
 Power Distance &     -0.534\sym{***} &    -0.497\sym{***} &    -0.065 &     0.775\sym{***} &     0.034 &    -0.385 &        60 \\
 Individualism &      0.545\sym{***} &     0.460\sym{***} &    -0.562  \sym{*} &    -0.691\sym{***} &    -0.306 &    -0.318 &        60 \\
 Masculinity &     -0.034 &    -0.053 &    -0.250 &    -0.136 &     0.008 &     0.007 &        60 \\
 Uncertainty Avoidance &     -0.024 &    -0.095 &    -0.493  \sym{*} &    -0.098 &     0.012 &     0.009 &        60 \\
 Indulgence &      0.246\sym{***} &     0.294\sym{***} &     0.824\sym{***} &     0.452\sym{**} &     0.203 &     0.133 &        69 \\
 Long Term Orientation &      0.230 \sym{**} &     0.210 \sym{**} &    -0.029 &    -0.434\sym{**} &    -0.007 &    -0.091 &        70 \\
\hline
\textbf{Average of Culture Determinants} &  &  &  &   &     -0.01 &     -0.11 & & 
 \\
\hline
