The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries
This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of pooled cross-country time-series regressions. The novel econometric approach used in the paper allows short-term adjustments and convergence speeds to vary across countries, in acco...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2003
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| Subjects: | |
| Links: | https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en https://doi.org/10.1787/eco_studies-v2001-art10-en |
| Summary: | This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of pooled cross-country time-series regressions. The novel econometric approach used in the paper allows short-term adjustments and convergence speeds to vary across countries, in accordance with most theoretical models, while imposing restrictions only on the longrun coefficients. In addition to the "primary" influences of physical and human capital accumulation, 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 via the overall efficiency of factor use but also indirectly via the mobilisation of resources for fixed investment |
| Physical Description: | 1 Online-Ressource (61 Seiten) |
| DOI: | 10.1787/eco_studies-v2001-art10-en |
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| spelling | Bassanini, Andrea Verfasser aut The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries Andrea Bassanini and Stefano Scarpetta Paris OECD Publishing 2003 1 Online-Ressource (61 Seiten) txt rdacontent c rdamedia cr rdacarrier This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of pooled cross-country time-series regressions. The novel econometric approach used in the paper allows short-term adjustments and convergence speeds to vary across countries, in accordance with most theoretical models, while imposing restrictions only on the longrun coefficients. In addition to the "primary" influences of physical and human capital accumulation, 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 via the overall efficiency of factor use but also indirectly via the mobilisation of resources for fixed investment Economics Scarpetta, Stefano ctb https://doi.org/10.1787/eco_studies-v2001-art10-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bassanini, Andrea The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries Economics |
| title | The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries |
| title_auth | The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries |
| title_exact_search | The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries |
| title_full | The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries Andrea Bassanini and Stefano Scarpetta |
| title_fullStr | The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries Andrea Bassanini and Stefano Scarpetta |
| title_full_unstemmed | The Driving Forces of Economic Growth Panel Data Evidence for the OECD Countries Andrea Bassanini and Stefano Scarpetta |
| title_short | The Driving Forces of Economic Growth |
| title_sort | the driving forces of economic growth panel data evidence for the oecd countries |
| title_sub | Panel Data Evidence for the OECD Countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-v2001-art10-en |
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