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Testing a Simple Structural Model of Endogenous Growth

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Author Info
Patrick Minford
David Meenagh
Jiang Wang

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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.

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File URL: http://www.st-andrews.ac.uk/economics/CDMA/papers/cp0606.pdf
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Paper provided by Centre for Dynamic Macroeconomic Analysis in its series CDMA Conference Paper Series with number 0606.

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Date of creation: Sep 2006
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Handle: RePEc:san:cdmacp:0606

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Postal: Department of Economics, University of St. Andrews, Fife KY16 9AL
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Related research
Keywords: endogenous growth; taxation; business regulation; bootstrap; model validation.;

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Find related papers by JEL classification:
H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General

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