Introduction

Paper yang ditulis oleh Chenery, Minhas, dan Solow pada tahun 1961 berisi tentang regresi cross-country dengan variabel log value added dan log wage rate. Joan Robinson mengatakan usaha ini sebagai looking for a black cat in a dark room where no cat exists. Why?? Cross-country regressions mengasumsikan fungsi produksi untuk setiap negara adalah sama. Introduction (lanjutan)

Introduction (lanjutan)
Tujuan :
Membahas tentang penggunaan cross-country panel data dengan 2 masalah :
Analisis pertumbuhan ekonomi Analisis dari teori Purchasing Power Parity (PPP)

Identifikasi
Data Problems
Unreliable interpolasi dan extrapolasi SRINIVASAN [1994, 1995], BEHRMAN and ROSENZWEIG [1994] and other papers in the Journal of Development Economics [1994]. Not all countries should be treated equally. Grouping methods should be avoided.
Untuk keperluan studi ekonomi dimana data dari negara berkembang dibutuhkan, identifikasi data dan adjustment data sangat dibutuhkan

(lanjutan)
Mempelajari bagaimana negara miskin di Data Sets negara kaya dan faktor tanggap dengan ekonomi apa (human capital accumulation, government penelitian bagaimana Studi ini saja yang mencakupnya membahas dari Financial policies, openness of the economy and so bekerja dengan menggunakan variable is development cross-country significant but on) mempengaruhi pertumbuhan panel data this does not mean to ekonomi.
Penn-World tables by analyzed in the many studies on growth. The cross-country data assembled at the World Bank and analyzed by KING and LEVINE [1993a, b] to study the effect of financial development on growth.
grow is to start a stock SUMMERS and HESTON [1991] market

The Issues
See inter alia BHALLA [1994] and BARRO [1996].
Democracy promotes growth but what specific policy conclusions follow from this is not clear except to argue that U.S. foreign aid should go only to democracies.

SACHS and WARNER [1995]

Economic openness or trade liberalization policies are another matter.

SALA-I-MARTIN [1997]
Number of years open economy and rule of law to have significantly positive coefficients. However, among the religious variables, Confucian, Buddist and Moslem have significant and positive coefficients and Protestant and Catholic have significant negative coefficients. Policy conclusion: To promote U.S. economic growth, efforts should be made to convert all Christians in the U.S. into Confucians, Buddists or Moslems.