Publication: A further generalization of the Solow growth model: the role of the public sector
Consultable a partir de
Date
1999
Authors
Director
Publisher
Acceso abierto / Sarbide irekia
Documento de trabajo / Lan gaia
Project identifier
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.
Keywords
Economic growth, Neoclassical and augmented growth models, Public capital, Transfers, Fiscal policy
Department
Economía / Ekonomia
Faculty/School
Degree
Doctorate program
Editor version
Funding entities
CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
Los documentos de Academica-e están protegidos por derechos de autor con todos los derechos reservados, a no ser que se indique lo contrario.