A further generalization of the Solow growth model: the role of the public sector

Bajo Rubio, Óscar2016-05-102016-05-101999https://academica-e.unavarra.es/handle/2454/20579We 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 size, generalizing previous results by Barro (1990) to the case in which returns to scale to private factors are not constant.9 p.application/pdfengCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)Economic growthNeoclassical and augmented growth modelsPublic capitalTransfersFiscal policyA further generalization of the Solow growth model: the role of the public sectorDocumento de trabajo / Lan gaiakAcceso abierto / Sarbide irekiainfo:eu-repo/semantics/openAccess