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PRWP

Reproducibility package for Leveraging Growth Regressions for Country Analysis

2024
Get Reproducibility Package
Reference ID
RR_WLD_2024_88
DOI
https://doi.org/10.60572/ewta-5p80
Author(s)
Konstantin M. Wacker, Robert C.M. Beyer, Lars Christian Moller
Collections
World Bank Policy Research Working Papers
Metadata
JSON
Created on
Apr 10, 2024
Last modified
Apr 10, 2024
  • Overview
  • Reproducibility Package
  • Description
  • Scope and coverage
  • Disclaimer
  • Access and rights
  • Contacts
  • Information on metadata
  • Citation

    • Overview

    Abstract

    This paper shows how growth regressions can be useful for analyzing a country’s growth performance. Growth regressions describe changes in key macroeconomic variables that countries typically experience during their growth process. Such partial correlations facilitate comparative analysis, can usually be linked to policies, and can hence be informative from a policy perspective. Against this background, the paper introduces a new data set of growth correlates spanning more than 150 countries from 1970 to 2019. Additionally, it presents several econometric reference models and details their application for country-level growth analysis. Two distinct metrics highlight infrastructure and human capital as exhibiting the strongest correlations with growth.

    Reproducibility Package

    Scripts
    Get Reproducibility Package
    Title
    Reproducibility package for Leveraging Growth Regressions for Country Analysis
    Date
    2024-04
    Dependencies
    coefplot, xtabond2, domin. All dependency files are included in the folder "ado" of the reproducibility package.
    Instructions
    See README in reproducibility package.
    Notes
    Computational reproducibility verified by Development Impact (DIME) Analytics team, World Bank.
    Source code repository
    Repository name URI
    Reproducible Research Repository (World Bank) https://reproducibility.worldbank.org
    Software
    Name
    Stata
    Version
    16

    Reproducibility

    Technology environment

    Paper exhibits were reproduced on two computers with the following specifications:

    • Computer 1:
      – OS: Windows 10 Enterprise, version 21H2
      – Processor: Intel(R) Xeon(R) Gold 6226R CPU @ 2.90GHz, 16 Core(s)
      – Memory available: 109 GB
      – Software version: Stata 17
    • Computer 2:
      – OS: Windows 10 Enterprise, version 21H2
      – Processor: Intel(R) Xeon(R) Gold 6132 CPU @ 2.60GHz 2.60 GHz (2 processors)
      – Memory available: 128 GB
      – Software version: StataMP 18
    Technology requirements

    Runtime: 2 days

    Data

    Datasets
    Name
    Penn World Tables 10.0
    Note
    Data used for the paper was downloaded on May 2021.
    Access policy
    Data is public. Data is loaded directly in the do-file 0_WBPRWP_datacr.do.
    Data URL
    https://www.rug.nl/ggdc/productivity/pwt/pwt-releases/pwt100
    Name
    World Bank World Development Indicators
    Note
    Used macroeconomic, infrastructure, human capital, pollution, and natural disasters indicators from the WDI. All the indicators are listed in the data files "WDI_WBgro_govtcons_addon_Oct2021.xlsx", "WDI_WBgro_May2021.xlsx", "WDI_WBgro_remit_agric_addons_June2021.xlsx", and "WDI_WBgro_technologyaddon_March2022.xlsx". Data was downloaded on May, June, and October 2021, and March 2022.
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://datatopics.worldbank.org/world-development-indicators/
    Name
    Observatory of Economic Complexity (OEC)
    Note
    Data was downloaded on June 2021. Data file: "eci_hs6_hs92_95-18.csv"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://oec.world/en/resources/bulk-download/international
    Name
    IMF Export Diversification and Quality Databases
    Note
    Data was downloaded on June 2021. Data file: "IMF_Export_Diversification.xlsx"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://www.imf.org/external/np/res/dfidimf/diversification.htm
    Name
    UNCTAD Stat Merchandise
    Note
    Data was downloaded on June 2021. Data file: "UNCTAD_concentdiversindices_81062638549722.xlsx"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://unctadstat.unctad.org/datacentre/dataviewer/US.ConcentDiversIndices
    Name
    UNCTAD FDI stocks and flows
    Note
    Data was downloaded on June 2021. Data files: "UNCTAD_fdiflowsstock_81009535476315.xlsx" and "UNCTAD_fdiflowsstock_81009783013659.xlsx"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://unctadstat.unctad.org/datacentre/dataviewer/US.FdiFlowsStock
    Name
    Major Episodes of Political Violence from the Center for Systemic Peace
    Note
    Data was downloaded on August 2021.
    Access policy
    Data is public but not included in the package. Data is available in the URL below.
    Data URL
    www.systemicpeace.org/inscr/MEPVv2018.xls
    Name
    Laeven and Valencia Systemic Banking Crises Database II
    Note
    Data was downloaded on August 2021. Data file: "BankingCrises.xlsx"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://sites.google.com/site/laevenl/data-and-codes
    Name
    Standardized World Income Inequality Database, Version 9.1
    Note
    Data was downloaded on September 2021. Data file: "swiid9_1_summary.csv"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://fsolt.org/swiid/swiid_downloads/
    Name
    World Bank Climate Change Knowledge Portal, Collection CRU 0.5-degree
    Note
    Monthly data for all countries for the indicator "Temperature, Air, at Surface (TAS)" was downloaded on August 2021. Data file: "CCKP_meantemp_month_tas_1901_2020.csv"
    Access policy
    Data is public and included in the reproducibility package.
    Data URL
    https://climateknowledgeportal.worldbank.org/download-data
    Data statement

    All data used for this reproducibility package are public but not all of them are included in the reproducibility package. See dataset information or the README for data access.

    Description

    Output
    Type
    Working paper
    Title
    Leveraging Growth Regressions for Country Analysis
    Description
    Policy Research Working Paper (PRWP)
    Authors
    Author Affiliation Email
    Konstantin M. Wacker University of Groningen k.m.wacker@rug.nl
    Robert C.M. Beyer International Monetary Fund RBeyer@imf.org
    Lars Christian Moller World Bank lmoller@worldbank.org
    Date of production

    2024-04

    Scope and coverage

    Geographic locations
    Location Code
    World WLD
    Keywords
    economic growth growth regressions growth econometrics comparative country analysis economic policy
    Topics
    ID Topic Parent topic ID Vocabulary Vocabulary URI
    O47 Empirical Studies of Economic Growth • Aggregate Productivity • Cross-Country Output Convergence O4 Journal of Economic Literature (JEL)
    C5 Econometric Modeling C Journal of Economic Literature (JEL)

    Disclaimer

    Disclaimer

    The materials in the reproducibility packages are distributed as they were prepared by the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this event do not necessarily reflect the views of the World Bank, the Executive Directors of the World Bank, or the governments they represent. The World Bank does not guarantee the accuracy of the materials included in the reproducibility package.

    Access and rights

    License
    Name URI
    Modified BSD3 https://opensource.org/license/bsd-3-clause/

    Contacts

    Contacts
    Name Affiliation Email
    Konstantin M. Wacker University of Groningen k.m.wacker@rug.nl
    Reproducibility WBG World Bank reproducibility@worldbank.org

    Information on metadata

    Producers
    Name Abbreviation Affiliation Role
    Reproducibility WBG DIME World Bank - Development Impact Department Verification and preparation of metadata
    Date of Production

    2024-04-09
    Document version

    1

    Citation

    Citation
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