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A Sensitivity Analysis of Cross-Country Regressions

Опубликовано на портале: 14-07-2005
American Economic Review. 1992.  Vol. 82. No. 4. P. 942-963. 
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.

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текст статьи в формате pdf на сайте JSTOR:
http://www.jstor.org/view/00028282/di976315/97p01467/0
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