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Research record

The Analysis Register

Data as of November 2026. Register release 1.0.

Cite a claim by its identifier, not the page address.
Recomputed weekly. A new version is published when a number changes.

Every claim below was computed from public official data by one script, and each one carries the number of observations behind it. We publish the claims that failed as prominently as the ones that held, because a research record that only reports successes is not a record.

Where a claim is about a relationship, three numbers are reported. The plain correlation mixes differences between countries with changes inside them. The second removes fixed differences between countries, so each country is compared only to itself. The third also removes each year's common shock. The third is the strictest and the one we quote.

What holds

Inflation is sticky. This year's rate is the best single guide to next year's.

r = 0.52, n = 6,633.GFI-AN-2026-006source: World Bank WDI

Countries with more people online are richer, and the link still holds when a single country is followed over time.

r = 0.28, n = 6,110.GFI-AN-2026-007source: World Bank WDI

The interest rate banks charge moves with inflation, closely enough that either is a fair proxy for the other.

r = 0.52, n = 3,525.GFI-AN-2026-009source: World Bank WDI

When inflation runs hot the after-inflation interest rate falls, which is arithmetic before it is economics.

r = -0.34, n = 3,517.GFI-AN-2026-014source: World Bank WDI

Five institutions hold 43.0 percent of insured bank assets and fifty hold 77.5 percent.

n = 4,313.GFI-AN-2026-028source: FDIC quarterly financials 2026-Q2

In monthly euro-area data higher unemployment does go with lower inflation, so the trade-off exists at higher frequency even though annual data hides it.

r = -0.22, n = 2,028.GFI-AN-2026-029source: Eurostat monthly

What is weak

The share of output going into investment is only weakly related to growth the following year.

r = 0.07, n = 6,205.GFI-AN-2026-008

A high after-inflation rate is followed by slightly lower inflation a year later, but the size of the effect is small.

r = -0.13, n = 3,455.GFI-AN-2026-016

Countries with more women in parliament tend to have less income inequality, and that holds when the same country is followed over years.

r = -0.11, n = 1,930.GFI-AN-2026-023

Bigger banks run slightly leaner, but the difference is small.

r = -0.07, n = 4,296.GFI-AN-2026-026

What we could not find

Central government debt shows no relationship with growth the next year, which cuts against the simple story that debt slows an economy.

r = -0.05, n = 1,504.GFI-AN-2026-001

Foreign investment inflows do not predict growth the following year.

r = 0.02, n = 7,034.GFI-AN-2026-002

A larger government share does not predict slower growth the next year.

r = 0.03, n = 6,192.GFI-AN-2026-004

Countries with longer life expectancy grow slightly slower the following year. The effect is small.

r = -0.05, n = 7,496.GFI-AN-2026-010

A larger manufacturing share is not associated with more volatile growth here.

r = 0.01, n = 6,801.GFI-AN-2026-011

Military spending as a share of output shows no relationship with growth the next year.

r = -0.01, n = 5,788.GFI-AN-2026-012

Higher research spending is not followed by faster growth the next year.

r = 0.02, n = 3,163.GFI-AN-2026-013

Higher after-inflation interest rates are not followed by measurably slower growth in this data.

r = -0.03, n = 3,576.GFI-AN-2026-015

The tax take and the income level are barely related once a country is compared to itself.

r = 0.03, n = 4,199.GFI-AN-2026-017

More university enrolment is not followed by faster growth the next year in this data.

r = -0.01, n = 4,610.GFI-AN-2026-018

More open economies do not grow faster the next year in this data.

r = -0.02, n = 6,466.GFI-AN-2026-019

The trade-off between lower unemployment and higher inflation is not visible in annual data, though it is in monthly data.

r = 0.01, n = 6,539.GFI-AN-2026-020

The rule that unemployment rises when growth falls is not visible in annual country data.

r = 0.01, n = 6,791.GFI-AN-2026-021

Bigger banks are not more profitable. The gap is negligible.

r = -0.04, n = 4,296.GFI-AN-2026-024

Bigger banks do not earn wider lending margins.

r = -0.01, n = 4,296.GFI-AN-2026-025

Banks holding more capital earn the same return on assets in this snapshot.

r = -0.00, n = 4,296.GFI-AN-2026-027

What flips when countries are compared to themselves

The idea that growth widens inequality and then narrows it does not appear in this data once countries are compared to themselves.

pooled r = -0.39, two-way r = 0.20, n = 2,080.GFI-AN-2026-003

Countries spending more on health live longer, but most of that gap is between countries, not within a country over time.

pooled r = 0.33, two-way r = -0.11, n = 5,644.GFI-AN-2026-005

Richer countries are more urban, but a country's fastest-urbanising years are not its richest years. The headline comparison overstates the link.

pooled r = 0.64, two-way r = -0.19, n = 7,481.GFI-AN-2026-022

Method

Method version 1.0. Annual country panel from World Bank World Development Indicators, 1995 to 2025, 262 territories, 186,242 observations. Bank cross-section from FDIC quarterly financials for 2026 Q2, 4,313 institutions. Monthly series from Eurostat. Minimum thirty usable observations per test. Lags are chosen by hand, not estimated. All figures are association on official data; none of it identifies cause, and no instrument was attempted.

Corrections are logged publicly with dates. A claim that stops surviving new data is withdrawn here rather than quietly dropped.

29 claims ยท register release 1.0 ยท data as of November 2026