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dc.contributor.authorRehme, Güntheren
dc.date.accessioned2009-01-29T15:02:13Z-
dc.date.available2009-01-29T15:02:13Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/22523-
dc.description.abstractThis paper analyzes the link between growth and public policy when the latter depends on economically important fundamentals. When policy is endogenous the measured effects of policy on growth will generally be biased. Using a widely quoted theoretical model, the signs of the biases are derived. It is shown that the usually reported effects on growth of tax rate variables related to GDP, the ratio of public investment to total investment and the ratio of redistributive transfers to GDP are generally biased downwards. Based on these signed biases the paper discusses some empirical results that seem puzzling from a theoretical viewpoint.en
dc.language.isoengen
dc.publisher|aTechnische Universität Darmstadt, Department of Law and Economics |cDarmstadten
dc.relation.ispartofseries|aDarmstadt Discussion Papers in Economics |x140en
dc.subject.jelO4en
dc.subject.jelC2en
dc.subject.ddc330en
dc.subject.keywordGrowthen
dc.subject.keywordPublic Policyen
dc.subject.keywordCross-Sectional Modelsen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwFinanzpolitiken
dc.subject.stwRegressionen
dc.subject.stwBiasen
dc.subject.stwTheorieen
dc.subject.stwCross-Sectional Modelen
dc.titleWhy Run a Million Regressions? Endogenous Policy and Cross Country Growth Empirics-
dc.typeWorking Paperen
dc.identifier.ppn477149065en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:darddp:dar_21579en

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