A Sensitivity Analysis of Cross-Country Growth Regressions
Abstract
A vast literature uses cross-country regressions to search for empirical linkages between long-run growth rates and a variety of economic policy, political, and institutional indicators. This paper examines whether the conclusions from existing studies are robust or fragile to small changes in the conditioning information set. The authors find that almost all results are fragile. They do, however, identify a positive, robust correlation between growth and the share of investment in GDP and between the investment share and the ratio of international trade to GDP. The authors clarify the conditions under which there is evidence of per capita output convergence. Copyright 1992 by American Economic Association.Download Info
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Bibliographic Info
Article provided by American Economic Association in its journal American Economic Review.
Volume (Year): 82 (1992)
Issue (Month): 4 (September)
Pages: 942-63
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Keywords:Other versions of this item:
- Levine, Ross & Renelt, David, 1991. "A sensitivity analysis of cross-country growth regressions," Policy Research Working Paper Series 609, The World Bank.
References
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Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- The tyranny of methodological consensus in development economics
by Dani Rodrik in Dani Rodrik's weblog on 2008-01-07 15:49:21 - Democracia y crecimiento económico volátil (Por David Cuberes)
by Jesús Fernández-Villaverde in Nada Es Gratis on 2011-02-09 07:00:07
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