Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83920
Authors: 
Minford, Patrick
Meenagh, David
Wang, Jiang
Year of Publication: 
2007
Series/Report no.: 
Cardiff Economics Working Papers E2007/12
Abstract: 
The effect of business tax and regulation on growth, together with potential effects of government spending on education and R&D, is embodied in a model of a small open economy with growth choices. The structural model is estimated on post-war panel data for 76 countries and the bootstrap is used to produce the modelís sampling variation for the analysis of panel regressions of growth. Statistical rejection can occur at either the structural or the growth regression stage. The models featuring government spending on education and R&D are rejected while that with business taxation is accepted.
Subjects: 
growth
living standards
business regulation
business taxation
public education
government R&D
structural model
bootstrap testing
JEL: 
O41
O57
C52
Document Type: 
Working Paper

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