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Per capita income convergence and the role of international trade

Article Abstract:

Papers by Sachs and Warner in 1995 and Ben-David in 1993 and 1996 correlate cross-country convergence of per capita income to international trade. They infer that trade helps in the convergence of per capita income in countries that are both connected, in some way, by trade and convergence. But trade between countries does not necessarily prove that trade aids the convergence of per capita income. More thorough work is needed to prove that trade and convergence of per capita income are connected.

International aspects, International trade, Income

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I just ran two million regressions

Article Abstract:

Twenty-two variables in economic growth literature are identified to be robustly correlated to economic growth. Almost 2 million regressions are estimated without using the extreme-bounds test used by Ross Levine and David Renelt in 1992. A level of confidence is assigned to each variable, and the complete distribution of the estimators of Bz is considered. Two assumptions are made: that the distribution of the estimates of Bz across models is normal and not normal.

Economic development

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