Corpus ID: 14486377

A Sensitivity Analysis of Cross-Country Growth Regressions

  title={A Sensitivity Analysis of Cross-Country Growth Regressions},
  author={Ross Levine and David Renelt},
  journal={The American Economic Review},
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

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