Under Performers and Over Achievers: A Quantile Regression Analysis of Growth

Raul Barreto and Anthony W. Hughes

The Economic Record, 2004, vol. 80, issue 248, 17-35

Abstract: Numerous papers have searched for empirical linkages between long run economic growth and a myriad of economic, socio‐political and environmental factors. Most of these studies use ordinary least‐squares regression or panel regression analysis on a sample of countries and therefore consider the behaviour of growth around the mean of the conditional distribution. We extend the literature by using quantile regression to analyse long‐term growth at a variety of points in the conditional distribution. By using this approach, we identify the determinants of growth for under performing countries relative to those for over achieving countries.

Date: 2004
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