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Economic Growth: The Role of Policies and Institutions [electronic resource] : Panel Data. Evidence from OECD Countries / Andrea Bassanini, Stefano Scarpetta and Philip Hemmings.

Author/Creator:
Bassanini, Andrea, author
Publication:
Paris : OECD Publishing, 2001.
Series:
OECD Economics Department Working Papers 18151973 ; no.283.
OECD Economics Department Working Papers 18151973 ; no.283
Format/Description:
Government document
Book
1 online resource (70 pages)
Subjects:
Economics.
Summary:
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 ...
Notes:
Title from title screen (viewed May 1, 2017).
Contributor:
Scarpetta, Stefano.
Hemmings, Philip.
SourceOECD (Online Service)
Access Restriction:
Restricted for use by site license.
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