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Cross-country studies of growth and policy : methodological, conceptual, and statistical problems

Levine, Ross; Renelt, David - Economics Research, World Bank Group - 1991

This paper reviews the conceptual, methodological, and statistical problems associated with drawing inferences from cross-country regressions. The authors elaborate on the particular problems associated with empirical attempts to link particular policies with long-run growth. They hope to...

Persistent link: https://www.econbiz.de/10005080062

Finance and inequality : theory and evidence

Demirguc-Kunt, Asli; Levine, Ross - Economics Research, World Bank Group - 2009

This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature …. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a … rich set of predictions concerning both the impact of finance on inequality and about the relevant mechanisms. Although …

Persistent link: https://www.econbiz.de/10004979100

A sensitivity analysis of cross-country growth regressions

Levine, Ross; Renelt, David - Economics Research, World Bank Group - 1991

A vast amount of literature uses cross-country regressions to find empirical links between policy indicators and long-run average growth rates. The authors study whether the conclusions from existing studies are robust or fragile when small changes in the list of independent variables occur....

Persistent link: https://www.econbiz.de/10005128655

Finance, inequality, and poverty: cross-country evidence

Beck, Thorsten; Demirguc-Kunt, Asli; Levine, Ross - Economics Research, World Bank Group - 2004

cross-country sample, the authors find that the answer is yes: Financial intermediary development reduces income inequality …

Persistent link: https://www.econbiz.de/10005129356

Africa's growth tragedy : a retrospective, 1960-89

Easterly, William; Levine, Ross - Economics Research, World Bank Group - 1995

Africa's economic history since 1960 fits the classical definition of tragedy: potential unfulfilled with disastrous consequences. The authors use one mehthodology - cross-country regressions - to account for sub-Saharan Africa's growth performance over the past 30 years and to suggest policies...

Persistent link: https://www.econbiz.de/10005134244

Big bad banks ? the impact of U.S. branch deregulation on income distribution

Beck, Thorsten; Levine, Ross; Levkov, Alexey - Economics Research, World Bank Group - 2007

lowered income inequality by affecting labor market conditions, not by boosting the business income of the poor, nor by … account for the bulk of the explained drop in income inequality. …

Persistent link: https://www.econbiz.de/10005030475

Finance and growth : Schumpeter might be right

King, Robert G.; Levine, Ross - Economics Research, World Bank Group - 1993

Joseph Schumpeter argued in 1911 that the services provided by financial intermediaries - mobilizing savings, evaluating projects, managing risk, monitoring managers, and facilitating transactions -stimulate technological innovation and economic development. The authors present evidence that...

Persistent link: https://www.econbiz.de/10005116675