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- Debt service: Total debt service (% of GNI). World Bank (2010). Deïation dummy: Dummy variable equal to one for deïation in country i in year t, one year lagged.
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Deininger, K. & Squire, L. (1998). New ways of looking at old issues: Inequality and growth. Journal of Development Economics. 57(2), 259-287.
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- GDP per capita, in logarithm: GDP per capita, PPP (constant 2005 international $), natural logarithm, one year lagged.
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- IMF (2011j), own calculations. Credit, in logarithm: Domestic credit to private sector (% of GDP), natural logarithm, one year lagged.
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- IMF (2011j), own calculations. Reserves: Total reserves (% of total external debt), one year lagged.
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- IMF (2011j), own calculations. Years before program, trend: Time trend counting in how many years from time t on a program starts.
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- IMF (2011j), own calculations. Years of schooling: Average years of schooling, whole population, from 15 to 99, one year lagged.
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- IMF (2011j). Program years, trend: Time trend counting consecutive program years of a country.
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- Poverty gap $2: Poverty gap at $2 a day (PPP) (%). World Bank (2010). Headcount ratio $1.25: Poverty headcount ratio at $1.25 a day (PPP) (% of population).
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- Trade: Trade (% of GDP), one year lagged. World Bank (2010). Trade LIC, natural logarithm: Interaction of Trade (% of GDP) in natural logarithm and a dummy variable equal to one for low income countries (LIC), one year lagged.
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- Trend: Time trend starting in 1982. Own calculations.
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ul Haque, N., & Khan, M.S. (1998). Do IMF-supported programs work? A survey of the cross-country empirical evidence. IMF Working Paper, WP/98/169.
- UNU-WIDER (2008). World Income Inequality Database, Version 2.0c. Available from: http://www.
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- Urban population: Urban population (% of total), one year lagged. World Bank (2010). Value added of agriculture: Agriculture, value added (% of GDP), one year lagged.
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- Vote in line with G7: Voting in line with G7, deïnition according to Barro & Lee (2005), one year lagged.
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Vreeland, J.R. (2003). The IMF and Economic Development. Cambridge University Press.
- wider.unu.edu/research/Database/en_GB/database/ Vreeland, J.R. (2002). The eïect of IMF programs on labor. World Development, 30(1), 121-139.
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Wood, A., & Ridao-Cano, C. (1999). Skill, trade and international inequality. Oxford Economic Papers, 51(1), 89-119.
- World Bank (2010), own calculations. Inïation, in logarithm: Inïation, GDP deïator (annual %), natural logarithm, one year lagged.
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- World Bank (2010). Current account balance: Current account balance (% of GDP), one year lagged.
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- World Bank (2010). Gini gross: Estimate of Gini index of inequality in equivalized (square root scale) household gross (pre-tax, pretransfer) income, using Luxembourg Income Study data as the standard.
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- World Bank (2010). Headcount ratio$ 2: Poverty headcount ratio at $2 a day (PPP) (% of population).
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- World Bank (2010). Hyperinïation dummy: Dummy equal to one for hyperinïation in country i in year t, one year lagged. Hyperinïation is deïned as inïation exceeding 50% in one year.
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- World Bank (2010). Investment, in logarithm: Gross ïxed capital formation (% of GDP), one year lagged.
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- World Bank (2010). Life expectancy: Life expectancy at birth, total (years), one year lagged.
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- World Bank (2010). Natural resource rents: Total natural resources rents (% of GDP), one year lagged.
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- World Bank (2010). Past program years: Cumulative number of years that a country has been under IMF agreement.
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- World Bank (2010). Trade LMIC, natural logarithm: Interaction of Trade (% of GDP) in natural logarithm and a dummy variable equal to one for lower middle income countries (LMIC), one year lagged.
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