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