Unlucky or Bad? Economic Policy and Economic Growth

61 Pages Posted: 25 Jul 2003

See all articles by Evan Osborne

Evan Osborne

Wright State University - Raj Soin College of Business - Department of Economics

Date Written: May 2003

Abstract

Cross-country growth regressions have in recent years become a major growth industry. The most common purpose of this work has been to investigate the determinants of economic growth. But it is also possible to use the existing growth data to determine the extent to which policy choices help or hinder growth. This paper generates estimates of the net contribution of policy to growth for a wide variety of countries. It also provides the ability to "see" in an almost photographic way what substantial economic reform looks like, to test whether countries have meaningfully reformed. The findings also provide grist for speculation on the virtues of gradual versus dramatic, total economic reform.

Keywords: Growth, growth regression, development, economic reform

JEL Classification: O11, O47, O57

Suggested Citation

Osborne, Evan, Unlucky or Bad? Economic Policy and Economic Growth (May 2003). Available at SSRN: https://ssrn.com/abstract=413220 or http://dx.doi.org/10.2139/ssrn.413220

Evan Osborne (Contact Author)

Wright State University - Raj Soin College of Business - Department of Economics ( email )

3640 Col. Glenn Hwy.
Dayton, OH 45435
United States
937-775-4599 (Phone)
937-775-2441 (Fax)

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