Economic information versus quality variation in cross-country data

@inproceedings{Dawson2001EconomicIV,
  title={Economic information versus quality variation in cross-country data},
  author={John W. Dawson and Joseph P. DeJuan and E. Frank Stephenson},
  year={2001}
}
Data quality in the Penn World Tables varies systematically across countries that have different growth rates and are at different stages of economic development, thus introducing measurement error correlated with variables of economic interest. We explore this problem with three examples from the literature, showing that the problem appears to be minor in growth convergence regressions but serious in estimating the effect of income volatility on growth and in a cross-country test of the… CONTINUE READING

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