A non-linear sensitivity analysis of cross-country growth regressions

We extend the sensitivity analysis of cross-country growth regressions of Levine and Renelt (1992) by introducing a semi-parametric formulation of their regression function. Our results differ from theirs in how certain policy variables affect growth rates. We find that distortion variables, such as the standard deviation of gross domestic credit and inflation and real exchange rate distortions, have a robust negative effect on growth.

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Year of publication:	2000
Authors:	Kalaitzidakis, Pantelis ; Mamuneas, Theofanis P. ; Stengos, Thanasis
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 33.2000, 3, p. 604-617
Publisher:	Canadian Economics Association - CEA

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; C14 - Semiparametric and Nonparametric Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005035677