Economic Growth in a Cross Section of Countries. Barro, R. J Q. J. Econ., 106(2):407–443, May, 1991.
Paper doi abstract bibtex For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively related to initial human capital (proxied by 1960 school-enrollment rates) and negatively related to the initial (1960) level of real per capita GDP. Countries with higher human capital also have lower fertility rates and higher ratios of physical investment to GDP. Growth is inversely related to the share of government consumption in GDP, but insignificantly related to the share of public investment. Growth rates are positively related to measures of political stability and inversely related to a proxy for market distortions.
@article{barro_economic_1991,
title = {Economic {Growth} in a {Cross} {Section} of {Countries}},
volume = {106},
issn = {0033-5533},
url = {http://www.jstor.org/stable/2937943},
doi = {10.2307/2937943},
abstract = {For 98 countries in the period 1960-1985, the growth rate of real per
capita GDP is positively related to initial human capital (proxied by 1960
school-enrollment rates) and negatively related to the initial (1960)
level of real per capita GDP. Countries with higher human capital also
have lower fertility rates and higher ratios of physical investment to
GDP. Growth is inversely related to the share of government consumption in
GDP, but insignificantly related to the share of public investment. Growth
rates are positively related to measures of political stability and
inversely related to a proxy for market distortions.},
number = {2},
urldate = {2013-09-21},
journal = {Q. J. Econ.},
author = {Barro, Robert J},
month = may,
year = {1991},
keywords = {\#nosource},
pages = {407--443},
}
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