Abstract

http://ssrn.com/abstract=2045620
 


 



The Quality of Growth


Ann L. Owen


Hamilton College - Economics Department

Julio Videras


Hamilton College - Economics Department

April 24, 2012


Abstract:     
We use latent class analysis to categorize development experiences. This technique allows us to consider a broad range of country characteristics including per capita income growth, health, inequality, environmental performance, and life satisfaction. We show that each of these indicators is important in explaining the classifications based on the quality of growth. We then predict membership in growth quality classes using many of the standard determinants of growth. We find that they are related to growth quality in a non-linear way and that population growth is more consistently related to our broader measure of growth quality than is typically found in standard growth regressions.

Number of Pages in PDF File: 27

Keywords: long-run growth, standard of living, human development, finite mixture model

JEL Classification: O4, I3

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Date posted: April 26, 2012  

Suggested Citation

Owen, Ann L. and Videras, Julio, The Quality of Growth (April 24, 2012). Available at SSRN: http://ssrn.com/abstract=2045620 or http://dx.doi.org/10.2139/ssrn.2045620

Contact Information

Ann L. Owen (Contact Author)
Hamilton College - Economics Department ( email )
198 College Hill Road
Clinton, NY 13323
United States
315-859-4419 (Phone)
303-859-4477 (Fax)
Julio Videras
Hamilton College - Economics Department ( email )
198 College Hill Road
Clinton, NY 13323
United States
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