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Does Policy Affect Growth?

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  • Lutz Arnold

Abstract

New growth theory is mainly concerned with the question of how the government can accelerate growth with suitable policies. This paper is concerned with the question of whether the government can influence the economy's long-run economic growth rate or not. The answer is probably no.

Suggested Citation

  • Lutz Arnold, 1999. "Does Policy Affect Growth?," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 56(2), pages 141-141, June.
  • Handle: RePEc:mhr:finarc:urn:sici:0015-2218(199906)56:2_141:dpag_2.0.tx_2-2
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    Cited by:

    1. Zeng, Jinli, 2003. "Reexamining the interaction between innovation and capital accumulation," Journal of Macroeconomics, Elsevier, vol. 25(4), pages 541-560, December.
    2. Nowak-Lehmann D., Felicitas, 2003. "Trade Policy and its Impact On Economic Growth: The Chilean Experience in the Period of 1960 to 1998," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(2).
    3. Michaelis, Jochen & Birk, Angela, 2006. "Employment- and growth effects of tax reforms," Economic Modelling, Elsevier, vol. 23(6), pages 909-925, December.
    4. Lutz G. Arnold, 2002. "On the Effectiveness of Growth-Enhancing Policies in a Model of Growth Without Scale Effects," German Economic Review, Verein für Socialpolitik, vol. 3(3), pages 339-346, August.
    5. Nowak-Lehmann D., Felicitas, 2000. "Was there endogenous growth in Chile (1960 - 1998)? A test of the AK-model," Center for European, Governance and Economic Development Research Discussion Papers 7, University of Goettingen, Department of Economics.

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