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Cross-Country Growth Regressions

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  • Benhabib, Jess
  • Spiegel, Mark

Abstract

A large literature has identified a variety of "ancillary variables", such as political instability, income distribution, and financial development as important determinants of income growth in cross-sectional studies. This leaves open the question of whether these variables influence growth through their effect on rates of factor accumulation or their influence on total factor productivity growth. This paper addressses this question by examining whether "primitives", or rates of factor accumulation, are sufficient statistics for economic growth, and whether the ancillary variables found in the literature do enter in the determination of physical and human capital accumulation rates.

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File URL: http://econ.as.nyu.edu/docs/IO/9382/RR97-20.PDF
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Bibliographic Info

Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number 97-20.

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Length: 26 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:cvs:starer:97-20

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Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
Phone: (212) 998-8936
Fax: (212) 995-3932
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Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html
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Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
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Related research

Keywords: ECONOMIC GROWTH ; HUMAN CAPITAL ; MACROECONOMICS ; LABOUR ; DEMOGRAPHY ; EDUCATION ; INCOME DISTRIBUTION;

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Cited by:
  1. Alejandro Gaytan & Romain Ranciere, 2004. "Wealth, Financial Intermediation and Growth," Working Papers 191, Barcelona Graduate School of Economics.
  2. Foders, Federico, 1998. "A note on economic growth and human capital in Eastern Europe," Kiel Working Papers 864, Kiel Institute for the World Economy.
  3. Ikonen, Pasi, 2010. "Effect of finance on growth through more efficient utilization of technological innovations," Research Discussion Papers 21/2010, Bank of Finland.

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