DP2294 Cross-Country Growth Comparison: Theory to Empirics

Author(s): Danny Quah

Publication Date: November 1999

Keyword(s): Convergence , Cross-Section Regression , Distribution Dynamics , Endogenous Growth , knowledge , Neoclassical Growth , Panel Data , Technology , Twin Peaks

JEL(s): C21 , C22 , C23 , D30 , E13 , O30 , O41

Programme Areas: International Macroeconomics

Link to this Page: www.cepr.org/pubs/dps/DP2294.asp

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth - both empirical and theoretical - distinguish from previous work in three distinct ways: 1. An explicit focus on cross-country growth and development experiences; 2. Improved, more extensive cross-country data; 3. A heightened need, driven by real-world topicality, for understanding the role of knowledge and technology in economic growth.