Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32061
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dc.contributor.authorRehme, Güntheren_US
dc.date.accessioned2007-07-31en_US
dc.date.accessioned2010-05-14T11:56:54Z-
dc.date.available2010-05-14T11:56:54Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/32061-
dc.description.abstractIn this paper it is shown that it matters a lot for empirical research whether policy is taken to be exogenously set or to be endogenous. In the model investment depends on policy which depends on economically important fundamentals and is, thus, endogenous. Conditioning on factor accumu- lation in growth regressions that also include endogenous policy variables may then be problematic. When policy is endogenous the measured ef- fects of policy on growth will generally be biased. Based on the model and OECD data, the signs of the biases for tax variables related to the tax base and for redistribution are derived. Based on these signed biases the paper discusses some empirical results that seem puzzling from a theoreti- cal viewpoint. The paper argues that regressing growth on policy may still yield important information if policy endogeneity is taken account of.en_US
dc.language.isoengen_US
dc.publisher|aTechn. Univ., Inst. für Volkswirtschaftslehre|cDarmstadten_US
dc.relation.ispartofseries|aDarmstadt discussion papers in economics|x182en_US
dc.subject.jelO4en_US
dc.subject.jelD3en_US
dc.subject.jelC2en_US
dc.subject.ddc330en_US
dc.subject.keywordGrowthen_US
dc.subject.keywordPolicyen_US
dc.subject.keywordCross-Sectional Modelsen_US
dc.subject.stwWirtschaftspolitiken_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwBiasen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwQuerschnittsanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwOECD-Staatenen_US
dc.titleEndogenous policy and cross-country growth empiricsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn538463945en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:darddp:dar_35720-

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