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dc.contributor.authorRehme, Güntheren
dc.date.accessioned2007-07-31-
dc.date.accessioned2010-05-14T11:56:54Z-
dc.date.available2010-05-14T11:56:54Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aTechnische Universität Darmstadt, Department of Law and Economics |cDarmstadten
dc.relation.ispartofseries|aDarmstadt Discussion Papers in Economics |x182en
dc.subject.jelO4en
dc.subject.jelD3en
dc.subject.jelC2en
dc.subject.ddc330en
dc.subject.keywordGrowthen
dc.subject.keywordPolicyen
dc.subject.keywordCross-Sectional Modelsen
dc.subject.stwWirtschaftspolitiken
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwBiasen
dc.subject.stwNeue Wachstumstheorieen
dc.subject.stwQuerschnittsanalyseen
dc.subject.stwSchätzungen
dc.subject.stwTheorieen
dc.subject.stwOECD-Staatenen
dc.titleEndogenous policy and cross-country growth empirics-
dc.typeWorking Paperen
dc.identifier.ppn538463945en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:darddp:dar_35720en

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