
Econ ArticlesCreated 2/21/1996 
[2]This removes Botswana, Burma, Burundi, Ethiopia, Gambia, Guinea, Lesotho, Malawi, Nepal, Niger, Rwanda, Tanzania, Togo, Uganda, and Zaire from the sample.
[3]Corresponding to an equipment capital share of five and a structures capital share of thirty percent in the production function.
[4]Corresponding to an equipment capital share of 7.5 and a structures capital share of fiftyfive percent in the production function.
[5]Similar results are found under the polar opposite assumption that capitaloutput ratios in 1960 were perfectly correlated with and equal to 1985 capitaloutput ratios. The difference in the equipment investment coefficient is less than onesixth of the coefficient's magnitude.

Econ ArticlesCreated 2/21/1996 

Professor of Economics J. Bradford DeLong, 601
Evans 