Arbeitspapier
Words speak louder than actions: The impact of politics on economic performance
In this paper, a new approach to disclose the impact of politics on economic growth is presented: we use data derived from content analysis of party manifestos as measures of party preferences. In a panel of 23 OECD countries, we detect a positive impact of party support for various market-liberal policies on economic performance. In particular, we show that parties which were more concerned with market interventions and - to a lesser extent - welfare state policies impacted on growth negatively; those which proposed incentives for business as well as technology and infrastructure had a positive impact. Moreover, the robustness of the results is demonstrated in a model averaging framework.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 10-092
- Klassifikation
-
Wirtschaft
Economic Growth and Aggregate Productivity: General
Structure, Scope, and Performance of Government
Capitalist Systems: Political Economy
- Thema
-
economic growth
political economy
ideology
panel data
model averaging
Ideologie
Parteiprogramm
Wirtschaftsliberalismus
Wirkungsanalyse
Wirtschaftswachstum
Public Choice
Schätzung
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Osterloh, Steffen
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Osterloh, Steffen
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2010
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