"Empirical studies of economic growth are flawed because many of the truly important underlying determinants, such as culture and institutions, are very hard to measure." Discuss this statement paying particular attention to simple cross-section data and panel data models. Use equations whenever possible to underscore your argument.

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The Answer of "Empirical studies of economic growth are flawed because many of the truly important underlying determinants, such as culture and institutions, are very hard to measure." Discuss this statement paying particular attention to simple cross-section data and panel data models. Use equations whenever possible to underscore your argument.

"Empirical Studies of Economic Growth Are Flawed Because Many of the Truly