Testing a Simple Structural Model of Endogenous Growth

A. Patrick Minford, David Meenagh and Jiang Wang

CDMA Conference Paper Series from Centre for Dynamic Macroeconomic Analysis

Abstract: The efect of taxation on growth is embodied in a model of a small open economy with endogenous growth. The structural model is estimated on post-war panel data for 76 countries and the bootstrap is used to produce the model’s sampling variation. Panel data regressions of growth on taxation do not reject this model but do reject a model with no tax effects.

Keywords: endogenous growth; taxation; business regulation; bootstrap; model validation. (search for similar items in EconPapers)
JEL-codes: H25 O11 O41 O50 (search for similar items in EconPapers)
Date: 2006-09
New Economics Papers: this item is included in nep-dev and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:san:cdmacp:0606

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