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: cepr.org/active/publications/discussion_papers/dp.php?dpno=2294

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.