Economic Growth: The Role of Policies and Institutions: Panel Data. Evidence from OECD Countries
This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of cross-country time-series regressions. The econometric approach allows short-term adjustments and convergence speeds to vary across countries, imposing restrictions only on the long...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2001
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| Schriftenreihe: | OECD Economics Department Working Papers
no.283 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of cross-country time-series regressions. The econometric approach allows short-term adjustments and convergence speeds to vary across countries, imposing restrictions only on the long-run coefficients. In addition to the 'primary' influences of capital accumulation and skills embodied in the human capital, the results confirm the importance for growth of R&D activity, the macroeconomic environment, trade openness and well developed financial markets. They also confirm that many of the policy influences operate not only 'directly' on growth but also indirectlyviathe mobilisation of resources for fixed investment. The paper also reports some bivariate correlations between OECD indicators of product regulation and growth. They provide some supporting evidence that the negative impact of stringent regulations and administrative burden on the efficiency of product ... |
| Beschreibung: | 1 Online-Ressource (70 p.) 21 x 29.7cm. |
| DOI: | 10.1787/722675213381 |
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| spelling | Bassanini, Andrea VerfasserIn aut Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries Andrea, Bassanini, Stefano, Scarpetta and Philip, Hemmings Paris OECD Publishing 2001 1 Online-Ressource (70 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.283 This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of cross-country time-series regressions. The econometric approach allows short-term adjustments and convergence speeds to vary across countries, imposing restrictions only on the long-run coefficients. In addition to the 'primary' influences of capital accumulation and skills embodied in the human capital, the results confirm the importance for growth of R&D activity, the macroeconomic environment, trade openness and well developed financial markets. They also confirm that many of the policy influences operate not only 'directly' on growth but also indirectlyviathe mobilisation of resources for fixed investment. The paper also reports some bivariate correlations between OECD indicators of product regulation and growth. They provide some supporting evidence that the negative impact of stringent regulations and administrative burden on the efficiency of product ... Economics Scarpetta, Stefano MitwirkendeR ctb Hemmings, Philip MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/722675213381 Volltext |
| spellingShingle | Bassanini, Andrea Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries Economics |
| title | Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries |
| title_auth | Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries |
| title_exact_search | Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries |
| title_full | Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries Andrea, Bassanini, Stefano, Scarpetta and Philip, Hemmings |
| title_fullStr | Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries Andrea, Bassanini, Stefano, Scarpetta and Philip, Hemmings |
| title_full_unstemmed | Economic Growth: The Role of Policies and Institutions Panel Data. Evidence from OECD Countries Andrea, Bassanini, Stefano, Scarpetta and Philip, Hemmings |
| title_short | Economic Growth: The Role of Policies and Institutions |
| title_sort | economic growth the role of policies and institutions panel data evidence from oecd countries |
| title_sub | Panel Data. Evidence from OECD Countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/722675213381 |
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