Regional and institutional influences on the determinants of long-term economic growth in the OECD
This paper examines regional and institutional influences on the determinants of long-term economic growth in the OECD. We construct a growth equation based on the new growth model of Barro with a catch-up variable, total investments, total tax revenues exclusive social security benefits, primary and secondary school enrolment ratio's and population growth. We find that regional and institutional aspects have some substantial influences on determinants such as catch up, population growth, the level of subsidies and tax revenues exclusive social security benefits. So, next to direct effects of institutions on economic growth, there are also some indirect influences through economic determinants of growth.
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