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Fiscal policy and growth revisited: the case of the Spanish regions
(1999)
Documento de trabajo / Lan gaiak,
This paper presents an assessment of the effects of fiscal policy on economic growth. Starting from a theoretical model in which only those fiscal policy instruments presumed to strictly influence the production process ...
A further generalization of the Solow growth model: the role of the public sector
(1999)
Documento de trabajo / Lan gaiak,
We develop in this paper an augmented version of the Solow (1956) growth model, including the role of government. The model leads to a non-monotonic relationship between the rate of growth of per capita output and government ...