 On Explaining Inter-Country Differences in Economic Growth Rates of OECD countries for 1996-2008: Does Regulatory Quality MatterSal Amirkhalkhali and Atul A. Dar Applied Econometrics and International Development, 2012, vol. 12, issue 2 Abstract: This study empirically examines the role of regulatory quality in explaining the differences in economic growth rates of the twenty three OECD countries over the 1996-2008 period. The model we adopt is a generalized version of the growth accounting, production function model of Solow in which the rate of economic growth is a function of capital and labour accumulation and total factor productivity. In this model, the quality of regulation affects economic growth via its impact on total factor productivity. Our findings do lend support for the view that the better the quality of regulation, the higher rate of economic growth. In particular, our empirical results indicate that countries in which the institutional framework is more conducive to the formulation and implementation of effective regulatory policies also more likely to have better macroeconomic performance. Keywords: economic growth; total factor productivity; regulatory quality; OECD countries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:12:y:2012:i:2_3 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development |
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