

**********************************************************************************************************
Legal Traditions and Initial Endowments in Shaping the Path of Financial Development, forthcoming in Journal of Money, Credit and Banking.    

Authors: Oto-Peralas, D. and Romero-vila D. (2012) 

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We provide seven files that allow replication of the tables and graphs of the paper using Stata.

The files "table1.do", "table2.do", "table3.do", "table4.do", "table5.do" and "figure1.do" are Stata programs to replicate the results obtained in the paper.

The file "dataset.dta" contains the variables used in the paper. In addition, the dataset is also available in a csv format.

Variable definitions:

AFR	Africa dummy
cathol	Catholics
cil_fr	Implantation by France dummy
cil_ot	Others (within civil law tradition) dummy
cil_pd	Civil law dummy x Population density
cil_sp	Spanish law legacy dummy
cilaw	Civil law dummy
cilfr_mr	Implantation by France dummy x Mineral resources
cilfr_pd	Implantation by France dummy x Population density
cilfr_sm	Implantation by France dummy x Settler mortality
cilfr_sw	Implantation by France dummy x Sugar/Wheat ratio
cilfr_ur	Implantation by France dummy x Urbanization in 1500
cilot_mr	Others (within civil law tradition) dummy x Mineral resources
cilot_pd	Others (within civil law tradition) dummy x Population density
cilot_sm	Others (within civil law tradition) dummy x Settler mortality
cilot_sw	Others (within civil law tradition) dummy x Sugar/Wheat ratio
cilot_ur	Others (within civil law tradition) dummy x Urbanization in 1500
cilsp_mr	Spanish law legacy dummy x Mineral resources
cilsp_pd	Spanish law legacy dummy x Population density
cilsp_sm	Spanish law legacy dummy x Settler mortality
cilsp_sw	Spanish law legacy dummy x Sugar/Wheat ratio
cilsp_ur	Spanish law legacy dummy x Urbanization in 1500
code	3-letter Country Code
col_mr	Common law dummy x Mineral resources
col_pd	Common law dummy x Population density
col_sm	Common law dummy x Settler mortality
col_sw	Common law dummy x Sugar/Wheat ratio
col_ur	Common law dummy x Urbanization in 1500
colaw	Common law dummy
dpi_checks	Number of veto players
dpi_lipc	Legislative competition
etfract	Ethnic fractionalization
hf_prights	Protection of property rights
LACa	Latin America and the Caribbean dummy
LAT	Latitude
lgdppc	Ln per capita GDP
logem4	Settler mortality
lp_legor	Legal tradition
lpd1500s	Population density
lsugarwheat	Sugar/Wheat ratio
MENAf	Middle East and North Africa dummy
mineralr1	Mineral resources
muslim	Muslims
ot_rel	Other religions other than Protestants, Catholics and Muslims.
p_xconst	Executive constraints
priv_cred1	Private credit
rich4	Neo-Europes
sjb1500	Urbanization in 1500
stock_md1	Stock market capitalization
TROP	Land in tropics
yearinde	Years since independence
