Research Article
Public Investments, Human Capital, and Political Stability: The Triptych of Economic Success
Table 11
Empirical studies on economic growth.
| Study | Sample period | Convergence | Investment ratio | Education | Government consumption distortions | Monetary and fiscal variables | Political instability | Inflation |
| Kormendi and Meguire, 1985 [6] | 47 countries, 1950–87 | Conditional | Positive | Not considered | Not robust | Negative | Negative | Negative |
|
Barro, 1991 [9] | 98 countries, 1960–85 | Conditional | Not considered | Positive | Negative | Not considered | Not considered | Not considered |
| Levine and Renelt, 1992 [10] | 119 countries, 1960–89 | Conditional | Positive | Positive | Not robust | Not robust | Not robust | Not robust |
| Mankiw et al., 1992 [11] | 98 countries, 1960–85 | Conditional | Positive | Positive | Not considered | Not considered | Not considered | Not considered |
|
Barro and Lee, 1993 [56] | 116 countries, 1965–85 | Conditional | Positive | Positive | Negative | Not considered | Negative | Not considered |
|
Easterly and Rebelo, 1993 [12] | 100 countries, 1970–88 | Conditional | Positive | Not considered | Not considered | Not robust | Not considered | Not considered |
| Bleaney, 1996 [40] | 41 countries, 1980–90 | Conditional | Positive | Not considered | Not considered | Negative | Not robust | Positive |
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