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Why We Learn Nothing from Regressing Economic Growth on Policies

DC Field Value Language
dc.contributor.authorRodrik, Dani-
dc.date.accessioned2012-05-31T08:54:35Z-
dc.date.available2012-05-31T08:54:35Z-
dc.date.issued2012-04-
dc.identifier.citationSeoul Journal of Economics, Vol.25 No.2, pp. 137-151-
dc.identifier.issn1225-0279-
dc.identifier.urihttps://hdl.handle.net/10371/76707-
dc.description.abstractGovernment use policy to achieve certain outcomes. Sometimes the

desired ends are worthwhile, and sometimes they are pernicious.

Cross-country regressions have been the tool of choice in assessing

the effectiveness of policies and the empirical relevance of these two

diametrically opposite views of government behavior. When government

policy responds systematically to economic or political objectives,

the standard growth regression in which economic growth (or any

other performance indicator) is regressed on policy tells us nothing

about the effectiveness of policy and whether government motives

are good or bad.
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dc.language.isoen-
dc.publisherInstitute of Economic Research, Seoul National University-
dc.subjectEconomic growth-
dc.titleWhy We Learn Nothing from Regressing Economic Growth on Policies-
dc.typeSNU Journal-
dc.citation.journaltitleSeoul Journal of Economics-
dc.citation.endpage151-
dc.citation.number2-
dc.citation.pages137-151-
dc.citation.startpage137-
dc.citation.volume25-
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