Economic Growth in a Cross Section of Countries
Reads0
Chats0
TLDR
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 the initial (1960) level as mentioned in this paper.Abstract:
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 the initial (1960) level of real per capita GDP. Countries with higher human capital also have lower fertility rates and higher ratios of physical investment to GDP. Growth is inversely related to the share of government consumption in GDP, but insignificantly related to the share of public investment. Growth rates are positively related to measures of political stability and inversely related to a proxy for market distortions.read more
Citations
More filters
Book ChapterDOI
Real Exchange Rate Misalignments and Growth
Ofair Razin,Susan M. Collins +1 more
TL;DR: In this article, the authors discuss the real exchange rate misalignment in the context of currency exchange and propose a solution to solve the problem of currency misalignments in the currency market.
Journal ArticleDOI
Causality in the freedom-growth relationship
TL;DR: In this article, the authors address the issue of causality in the relationship between various types of institutions and long run economic growth and show that existing empirical studies of these relationships provide evidence of correlation, but not causation.
Journal ArticleDOI
Partisan governance, women's employment, and the social democratic service state
Evelyne Huber,John D. Stephens +1 more
TL;DR: In this article, the authors examined the causes of the expansion and cross-national variation in the provision of welfare state goods and services and concluded that social democratic governance is by far the most important determinant of the public delivery of services.
Journal ArticleDOI
Which country matters? Institutional development and foreign affiliate performance
TL;DR: In this article, the effect of the level of institutional development of host countries on the level and variation in foreign affiliate performance is investigated, and the results suggest that the level as determined by the Institutional Development Index (IDI), a new measurement developed in this study, has a strong negative curvilinear relationship with the variation in the foreign affiliate's performance and a negative effect on the overall performance of foreign affiliate.
Journal ArticleDOI
Specifying Human Capital
TL;DR: A review of the measures of the stock of human capital used in empirical growth research as mentioned in this paper reveals that human capital is mostly poorly proxied, and the simple use of the most common proxy, average years of schooling, misspecifies therelationship between education and human capital.
References
More filters
Journal ArticleDOI
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
TL;DR: In this article, a parameter covariance matrix estimator which is consistent even when the disturbances of a linear regression model are heteroskedastic is presented, which does not depend on a formal model of the structure of the heteroSkewedness.
Journal ArticleDOI
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
Book ChapterDOI
Investment in humans, technological diffusion and economic growth
TL;DR: Most economic theorists have embraced the principle that education enhances one's ability to receive, decode, and understand information, and that information processing and interpretation is important for performing or learning to perform many jobs as discussed by the authors.
Journal ArticleDOI
The Purchasing-Power Parity Doctrine: A Reappraisal
TL;DR: The purchasing power parity (HIE) doctrine has had its ebbs and flows I over the years as mentioned in this paper and it has also had its critics, among others Taussig after World War J4 and Haberler after WWIJ,5 but it has managed to survive nevertheless.
Posted Content
Long Run Policy Analysis and Long Run Growth
TL;DR: In this paper, the authors describe a class of models in which this type of heterogeneity in growth experiences can arise as a result of cross-country differences in government policy, which can also create incentives for labor migration from slow growing to fast growing countries.