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Table 2
                                                      Independent Variables
               Independent                                                                                    Expect
               Variables             Measures      Year     Description                                 N       r
               Economy
                 Per Capita GDP      GDP_CAP       1994     Per capita Gross Domestic Product;         153
                                                            Source: ITU World Telecommunication
                                                            Indicators (WTI) Database (1997)
                 Trade               TRADE         1994     Trade as a percent of GDP;                 147
                                                            Source: World Bank (1997)
                 Research Net        DEFENSE       1992     Defense Expenditure as % of GDP;            75
                                                            Source: World Bank (1997)
                 Access to Mass Media  NWSPAPR     1992     Daily Newspapers per 1,000;                154
                                                            Source: World Bank (1997)
                 Education           SCHLNROL      1990     School Enrollment, tertiary (% of gross)   110
                                                            Source: World Bank
                                     EDUCBUD       1990     Public Spending on Education, tertiary (% of GDP)   75
                                                            Source: World Bank (1997)
                 Personal Computers  PCPTHO95      1995     PCs per thousand;                           87
                                                            Source: ITU WTI Database (1997)
               Infrastructure
                 Teledensity         TELEDEN       1994     Mainlines per 1000;                        200
                                                            Source: ITU WTI Database (1997)
                 Cost of Access      CLCOST94      1994     Cost of a 3-minute local call;             128
                                                            Source ITU WTI Database (1997)
                                     LESDPC94      1994     Leased lines per capita;                    99
                                                            Source: ITU WTI Database (1997)
                                     COMPET        1997     Market structure: monopoly or competition;  84
                                                            Source: Mody, Maitland et al. (1997)
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