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Appendix 2. Summary Statistics by Varieties of Capitalism
Liberal Market Economies (LMEs)
Variable
mean
s.d.
median
min
max
N
Growth of Social Spending/capita
4.41
5.28
3.64
-12.89
26.62
222
Left cabinet share
1.90
3.58
0
0
10
222
∆ Left cabinet
0.05
2.07
0
-9.2
10
222
Right cabinet share
6.19
4.52
10
0
10
222
∆ Right cabinet
-0.09
2.67
0
-10
10
222
Left government (COG)
4.22
1.31
3.95
2.31
7.22
210
∆ Left government
0.29
0.77
0
-3.20
4.09
204
Social Spending Level
14.30
4.30
13.86
7.02
25.91
222
GDP/capita Growth
2.35
2.77
2.63
-7.75
9.71
222
Public Debt
50.12
24.38
45.70
13.10
132.30
222
Inflation rate
6.30
4.98
4.70
-5.56
27.14
222
Voter Turnout
77.01
12.50
76.00
47.20
95.83
222
∆ Dependency ratio
-0.17
0.25
-0.15
-1.10
0.40
222
∆ Unemployment rate
0.09
1.00
-0.10
-2.50
3.40
222
∆ Trade Openness
0.84
3.25
0.45
-11.30
15.20
222
∆ Capital Liberalization
0.12
0.52
0
-1
4.50
222
∆ Deindustrialization
0.39
0.82
0.29
-1.43
6.86
222
Social Market Economies (SMEs)
Variable
mean
s.d.
median
min
max
N
Growth of Social Spending/capita
4.83
5.67
4.14
-19.83
33.78
296
Left cabinet share
4.64
3.84
4.70
0
10
296
∆ Left cabinet
0.02
2.32
0
-10
9.2
296
Right cabinet share
2.16
2.86
0.1
0
10
296
∆ Right cabinet
-0.01
1.63
0
-10
10
296
CD cabinet share
1.71
2.46
0
0
10
296
∆ CD cabinet share
-0.01
0.80
0
-7.5
4.7
296
Left government (COG)
5.01
1.30
5.10
2.38
7.04
280
∆ Left government
0.01
0.82
0
-3.84
2.97
272
Social Spending Level
21.97
5.66
22.51
8.36
33.72
296
GDP/capita Growth
2.54
2.36
2.57
-8.11
10.41
296
Public Debt
32.13
26.36
23.75
3
132
296
Inflation rate
5.30
3.22
4.71
-0.95
22.43
296
Voter Turnout
86.05
6.22
86.70
68.40
95.60
296
∆ Dependency ratio
-0.06
0.27
0
-0.90
0.70
296
∆ Unemployment rate
0.16
0.94
0
-2.90
5.00
296
∆ Trade Openness
0.77
4.00
0.60
-19.20
13.00
296
∆ Capital Liberalization
0.13
0.48
0
-1
4
296
∆ Deindustrialization
0.52
0.71
0.47
-2.39
2.85
296
45
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