Corpus ID: 14486377

A Sensitivity Analysis of Cross-Country Growth Regressions

@article{Levine1991ASA,
  title={A Sensitivity Analysis of Cross-Country Growth Regressions},
  author={Ross Levine and David Renelt},
  journal={The American Economic Review},
  year={1991},
  volume={82},
  pages={942-963}
}
A vast amount of literature uses cross-country regressions to find empirical links between policy indicators and long-run average growth rates. The authors study whether the conclusions from existing studies are robust or fragile when small changes in the list of independent variables occur. They find that although"policy"appears to be importantly related to growth, there is no strong independent relationship between growth and almost every existing policy indicator. They also find that very… Expand

Tables from this paper

Time Varying Determinants of Cross-Country Growth
In this paper we investigate the time variation in the short term growth determinants through five subperiod cross sectional growth regressions. We also use a panel regression to analyze the longExpand
Misspecification and cross-country growth regressions
Cross-country growth studies are commonly used to empirically investigate the neoclassical convergence hypothesis, the determinants of growth and the impact of policies on growth performance. WhileExpand
A Robust Sensitivity Analysis of Cross-Country Finance-Growth Regressions
This paper addresses the issue of outliers in finance-growth literature and provides a robust sensitivity analysis of some past studies and an updated data set. We employ the robust regressionExpand
A Sensitivity Analysis of Cross-Country Growth Regressions: Is 1990-2010 Different?
This paper examines the robustness of explanatory variables in cross-country growth regressions. It employs a variant of Leamer’s (1983, 1985) extreme-bounds analysis. My results confirm Levine andExpand
Openness to International Trade and Economic Growth: A Cross-Country Empirical Investigation
In this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusingExpand
Volatility and Growth
The authors study the empirical, cross-country relationship between macroeconomic volatility and long-run economic growth. They address four central questions: 1) Does the volatility-growth linkExpand
Free Trade and Economic Growth: A Critical Assessment of the Evidence
This paper surveys the recent literature on free trade and economic growth. While theory suggests many potential linkages, empirical evidence from cross-country and panel growth regressions remainsExpand
Foreign Aid, Investment and Economic Growth in Kenya: a Time Series Approach
Most of the literature on determinants of economic growth in developing countries is basedon cross-country analysis and thus only yields some patterns that hold on average. The aim of this paper isExpand
Trade and Economic Growth: Evidence on the Role of Complementarities for Cafta-Dr Countries
This paper examines the effects of trade on growth among Central America-Dominican Republic Free Trade Agreement countries. To accomplish this task, the authors collected a panel data set of 136Expand
Testing a Neoclassical Growth Model with the Institution Effect of Government Size: a Dynamic Panel Data Model
This paper develops and tests a Neoclassical growth model with the institution effect of government size in the framework of a dynamic panel data model, using two Generalized method of moments (GMM)Expand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 52 REFERENCES
Economic Growth in a Cross Section of Countries
In neoclassical growth models with diminishing returns to capital, a country's per capita growth rate tends to be inversely related to its initial level of income per person. This convergenceExpand
Macroeconomic determinants of growth: Cross-country evidence
Abstract Using post-war data from forty-seven countries, we examine the cross-sectional relation between the mean growth rate of real product (growth) and variables suggested by the theoreticalExpand
An empirical analysis of cross-national economic growth, 1951-1980
Abstract Using pooled cross-section/time-series data on 113 countries, we investigate empirical regularities in post-war economic growth. We find that coefficient values vary widely acrossExpand
A Contribution to the Empirics of Economic Growth
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of humanExpand
Economic Growth in a Cross Section of Countries
For 98 countries in the period 1960–1985, the growth rate of real per capita GDP is positively related to initial human capital (proxied by 1960 school-enrollment rates) and negatively related to theExpand
Openness, Outward Orientation, Trade Liberalization and Economic Performance in Developing Countries
This paper deals with the role of trade regimes in determining economic performance and growth in the developing countries. The policy and empirical literatures on trade orientation and economicExpand
Government Expenditure and Economic Growth: A Cross-Country Study
This paper examines the relationship between the share of government consumption expenditure in GDP and the rate of growth of real per capita GDP. The work of the U.N. International ComparisonExpand
Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985
  • David L. Dollar
  • Business, Economics
  • Economic Development and Cultural Change
  • 1992
The long run trade orientation of an economy is measured in this article by an index which measures the extent to which the real exchange rate is distorted away from its free trade level by the tradeExpand
Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Reply
A study of the impact of government size on economic performance and growth is important. Theoretically, one point of view suggests that a larger government size is likely to be detrimental toExpand
Some International Evidence on Output-Inflation Tradeoffs.
This paper reports the results of an empirical study of real output-inflation tradeoffs, based on annual time-series from eighteen countries over the years 1951-67. These data are examined from theExpand
...
1
2
3
4
5
...