Working Paper: CEPR ID: DP2294
Authors: Danny Quah
Abstract: 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.
Keywords: convergence; cross-section regression; distribution dynamics; endogenous growth; knowledge; neoclassical growth; technology; twin peaks; panel data
JEL Codes: C21; C22; C23; D30; E13; O30; O41
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Differences in economic performance across countries (O57) | Understanding growth (O40) |
| Knowledge (D83) | Technological advancement (O00) |
| Technological advancement (O00) | Economic growth (O49) |
| Knowledge (D83) | Economic growth (O00) |
| Endogenous growth theory (O40) | Understanding differences in economic performance (P17) |
| Cross-country comparisons (O57) | Understanding economic growth (O49) |