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Stephen Bond
;
Asli Leblebicioglu
;
Fabio Schiantarelli

capital accumulation and growth: a new look at the empirical evidence (replication data)

Using annual data for 75 countries in the period 1960-2000, we present evidence of a positive relationship between investment as a share of gross domestic product (GDP) and the long-run growth rate of GDP per worker. This result is robust for our full sample and for the subsample of non-OECD countries, but not for the subsample of OECD countries. Our analysis controls for time-invariant country-specific heterogeneity in growth rates, and for a range of time-varying control variables. We also address endogeneity issues, and allow for heterogeneity across countries in model parameters and for cross-section dependence.

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Suggested Citation

Bond, Stephen; Leblebicioglu, Asli; Schiantarelli, Fabio (2010): Capital accumulation and growth: a new look at the empirical evidence (replication data). Version: 1. Journal of Applied Econometrics. Dataset. http://dx.doi.org/10.15456/jae.2022320.0720760009