Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22523
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dc.contributor.authorRehme, Güntheren_US
dc.date.accessioned2009-01-29T15:02:13Z-
dc.date.available2009-01-29T15:02:13Z-
dc.date.issued2004en_US
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.
dc.language.isoeng
dc.publisher|aTechnische Universität Darmstadt, Institut für Volkswirtschaftslehre |cDarmstadt
dc.relation.ispartofseries|aDarmstadt Discussion Papers in Economics |x140
dc.subject.jelO4en_US
dc.subject.jelC2en_US
dc.subject.ddc330
dc.subject.keywordGrowthen_US
dc.subject.keywordPublic Policyen_US
dc.subject.keywordCross-Sectional Modelsen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwRegressionen_US
dc.subject.stwBiasen_US
dc.subject.stwTheorieen_US
dc.subject.stwCross-Sectional Modelen_US
dc.titleWhy Run a Million Regressions? Endogenous Policy and Cross Country Growth Empirics
dc.typeWorking Paper
dc.identifier.ppn477149065en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen
dc.identifier.repecRePEc:zbw:darddp:dar_21579-

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