Partial correlations between the labor share and GDP per capita (in logarithm), estimations from columns 6, table 2

Source: Authors' estimates from UNIDO data and Penn World Tables (2015).

Note: Figure 3 displays results from the regression presented in column 6 of table 2. In figure 3(a) the vertical axis is |$LS_{it}-\widehat{a_{i}}$|⁠, where |$\widehat{a_{i}}$| are the estimated coefficients of country fixed effects from this regression. In figure 3(b) the vertical axis is |$LS_{it}-\widehat{a_{i}}-\widehat{a_{t}} - \hat{\beta}(I/Y)_{it}$| where |$\hat{\beta}$| is the estimated coefficient of |$(I/Y)_{it}$| from this regression.