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Under Performers and Over Achievers: A Quantile Regression Analysis of Growth

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  • Raul A. Barreto
  • Anthony W. Hughes

Abstract

Numerous papers have searched for empirical linkages between long run economic growth and a myriad of economic, socio‐political and environmental factors. Most of these studies use ordinary least‐squares regression or panel regression analysis on a sample of countries and therefore consider the behaviour of growth around the mean of the conditional distribution. We extend the literature by using quantile regression to analyse long‐term growth at a variety of points in the conditional distribution. By using this approach, we identify the determinants of growth for under performing countries relative to those for over achieving countries.

Suggested Citation

  • Raul A. Barreto & Anthony W. Hughes, 2004. "Under Performers and Over Achievers: A Quantile Regression Analysis of Growth," The Economic Record, The Economic Society of Australia, vol. 80(248), pages 17-35, March.
  • Handle: RePEc:bla:ecorec:v:80:y:2004:i:248:p:17-35
    DOI: 10.1111/j.1475-4932.2004.00122.x
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