Education and Economic Growth: A Meta-Regression Analysis

Benos, Nikos; Zotou, Stefania

doi:10.1016/j.worlddev.2014.06.034

Cited by 230 publications

(158 citation statements)

References 84 publications

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“…These results are similar in both developing and developed economies. Much as most empirical studies have investigated the relationship between human capital development and economic growth, a meta-analysis of this relationship has confirmed that indeed this relationship is not homogeneous, with variations due to different factors (Benos and Zotou 2014).…”

Section: Discussionmentioning

confidence: 98%

Macroeconomic Determinants of Economic Growth: A Review of International Literature

Chirwa

Odhiambo

2016

South East European Journal of Economics and Business

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The paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated the determinants of economic growth using various econometric methods, the majority of these studies have not distinguished what drives or hinders economic growth in developing or developed countries. The study finds that the determinants of economic growth are different when this distinction is used. It reveals that in developing countries the key macroeconomic determinants of economic growth include foreign aid, foreign direct investment, fiscal policy, investment, trade, human capital development, demographics, monetary policy, natural resources, reforms and geographic, regional, political and financial factors. In developed countries, the study reveals that the key macroeconomic determinants that are associated with economic growth include physical capital, fiscal policy, human capital, trade, demographics, monetary policy and financial and technological factors.

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Section: Discussionmentioning

confidence: 98%

Macroeconomic Determinants of Economic Growth: A Review of International Literature

Chirwa

Odhiambo

2016

South East European Journal of Economics and Business

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“…While meta-analysis methods have been applied within economics in numerous fields such as labor economics (Card and Krueger, 1995;Card et al, 2010;Chetty et al, 2011), development economics (Askarov and Doucouliagos, 2015;Benos and Zotou, 2014;Doucouliagos and Paldam, 2010), and international economics (Bumann et al, 2013;Havranek and Irsova, 2011;Irsova and Havranek, 2013), there has been no meta-analysis examining the effect of natural resources on economic growth.…”

Section: Introductionmentioning

confidence: 99%

Natural Resources and Economic Growth: A Meta-Analysis

2016

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“…They are mostly used in meta-analysis (see e.g. Alptekin and Levine, 2012;Ugur;2014;Benos and Zotou, 2014).…”

Section: Partial Correlation Coefficients (Pccs)mentioning

confidence: 99%

Does Government Size Affect Per-Capita Income Growth? A Hierarchical Meta-Regression Analysis

Awaworyi Churchill,

Ugur,

Yew

2015

SSRN Journal

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Abstract:We conduct a hierarchical meta-regression analysis to review 87 empirical studies that report 769 estimates for the effects of government size on economic growth. We follow best-practice recommendations for meta-analysis of economics research, and address issues of publication selection bias and heterogeneity. When size is measured as the ratio of total government expenditures to GDP, the partial correlation between government size and per-capita GDP growth is negative in developed countries, but insignificant in developing countries. When size is measured as the ratio of consumption expenditures to GDP, the partial correlation is negative in both developed and developing countries, but the effect in developing countries is less adverse. We also report that government size is associated with less adverse effects when primary studies control for endogeneity and are published in journals and more recently, but it is associated with more adverse effects when primary studies use cross-section data. Our findings indicate that the relationship between government size and per-capita GDP growth is context-specific and likely to be biased due to endogeneity between the level of per-capita income and government expenditures. JEL code: O40, H50, C1Keywords: Economic growth; Government size; Government expenditure; Government consumption; Meta-analysis; Evidence synthesis Acknowledgements: We would like to thank two anonymous reviewers of the Program Committee of MAER-Net Colloquium 2015 in Prague; and the participants in the conference for helpful comments.

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Education and Economic Growth: A Meta-Regression Analysis

Cited by 230 publications

References 84 publications

Macroeconomic Determinants of Economic Growth: A Review of International Literature

Macroeconomic Determinants of Economic Growth: A Review of International Literature

Natural Resources and Economic Growth: A Meta-Analysis

Does Government Size Affect Per-Capita Income Growth? A Hierarchical Meta-Regression Analysis

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