Esther Ademmer, Joscha Beckmann, Rainer Schweickert (IfW)
Large-scale Transformations of Socio-economic Institutions. WWWforEurope Working Paper No. 75
WWWforEurope: Welfare, Wealth and Work for Europe, Dezember 2014, 37 Seiten
Mit finanzieller Unterstützung von: Österreichische Forschungsförderungsgesellschaft mbH – Österreichische Austauschdienst-GesmbH
Auftraggeber: Europäische Kommission
Studie von: Projekt-Konsortium WWWforEurope
Online seit: 22.12.2014 0:00
We explain economic growth by both politics, i.e., government activity including spending as well as regulation, and institutional quality and its interaction with politics. This extends previous work on institution building in transition by looking at its impact and, at the same time, considering endogeneity problems. While initially planned in two stages, the modified approach is able to integrate the arguments developed in the cluster approach on varieties of capitalism and their potential explanatory power for economic growth. As forseen for the second stage, we estimate the determinants of transition based on the exogenous components of institution building only as well as on other factors, especially welfare policies. This approach also allows integrating various measures of income or well-being as soon as panel data becomes available.
Forschungsbereich:Makroökonomie und europäische Wirtschaftspolitik