A further generalization of the Solow growth model: the role of the public sector
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Date
1999Author
Version
Acceso abierto / Sarbide irekia
Type
Documento de trabajo / Lan gaiak
Impact
Abstract
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 size, generalizing previous results by Barro (1990) to the case in which returns to scale to private factors are not constant. ...
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Subject
Economic growth,
Neoclassical and augmented growth models,
Public capital,
Transfers,
Fiscal policy
Serie
Documentos de Trabajo DE - ES Lan Gaiak /
9913
Departament
Universidad Pública de Navarra. Departamento de Economía /
Nafarroako Unibertsitate Publikoa. Ekonomia Saila
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