A Sensitivity Analysis of Cross-Country Growth Regressions

Primary tabs

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.

Type: 
Other
Languages Supported: 
English
Topics: 
Macroeconomic and Structural Policies
Granularity: 
Geographical Coverage: 
Sub-Saharan Africa
Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Cameroon
Central African Republic
Chad
Comoros
Congo, Dem. Rep.
Congo, Rep.
Côte d'Ivoire
Ethiopia
Eritrea
Equatorial Guinea
Gabon
Gambia, The
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
Nigeria
Rwanda
São Tomé and Principe
Seychelles
Senegal
Sierra Leone
Somalia
South Africa
South Sudan
Sudan
Eswatini
Tanzania
Togo
Uganda
Zambia
Zimbabwe
Economy Coverage: 
Low Income
Lower Middle Income
Number of Economies: 
54
Periodicity: 
Periodicity not specified
Access Options:
Download
Time Periods: 
March, 2018

No Visualizations Available.

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.

Data Resources

FieldValue
Groups audience
Modified Date
2019-05-04
Release Date
Periodicity
Identifier
c6946b1e-bcb9-41aa-a21d-24a19786f4ac
License
License Not Specified
Rating: 
0
No votes yet
Type: 
Languages Supported: 
Time Periods: 
March, 2018
Economy Coverage: 
Number of Economies: 
54
Data Classification of a Dataset: 
DEC
Granularity: 
Modified date: 
96
Primary Dataset: 
Yes

Data Access and Licensing

This dataset is classified as Public under the Access to Information Classification Policy. Users inside and outside the Bank can access this dataset.

This dataset is licensed under CC-BY 4.0

CC-BY 4.0

Share Metadata

The information on this page (the dataset metadata) is also available in these formats.

PRINT EMAIL JSON RDF