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

Authors
Kalaitzidakis, P Mamuneas, TP Stengos, T
Citation
P. Kalaitzidakis et al., A non-linear sensitivity analysis of cross-country growth regressions, CAN J ECON, 33(3), 2000, pp. 604-617
Citations number
26
Categorie Soggetti
Economics
Journal title
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE
ISSN journal
00084085 → ACNP
Volume
33
Issue
3
Year of publication
2000
Pages
604 - 617
Database
ISI
SICI code
0008-4085(200008)33:3<604:ANSAOC>2.0.ZU;2-B
Abstract
We extend the sensitivity analysis of cross-country growth regressions of L evine and Renelt ( 1992) by introducing a semi-parametric formulation of th eir regression function. Our results differ from theirs in how certain poli cy variables affect growth rates. We find that distortion variables, such a s the standard deviation of gross domestic credit and inflation and real ex change rate distortions, have a robust negative effect on growth. JEL class ification: O47, C14.