Gørgens, Tue; Paldam, Martin; Würtz, Allan H. - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2005
This paper analyzes the effect on GDP growth of income (GDP per capita) and economic regulation. A simple theoretical framework presents two opposing views. We analyze the empirical relation using a non-linear dynamic panel data model with fixed effects. The result shows that the effect of...