On the role of productive government spendings for convergence of a growing economy with heterogenous specialists

Konferenzbeitrag

This paper employs a dynamic framework to compare the effects of alternative governmental activities on the process of convergence. Policy instruments include facilitating private investment and public expenditure (amount and structure) that act as enhancing individual skills. Highly skilled specialists are endowed with both technological and systemic skills, though to different extents. We analyze how governmental activity speeds up convergence thereby considering productivity growth at the technology frontier either as exogenous or as endogenous parameter. Which policy maximizes the speed of convergence is crucially affected by a country's state of development. A policy switch while catching-up may be preferable.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Innovation and Productivity ; No. E16-V3

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Technological Change: Choices and Consequences; Diffusion Processes ; Human Capital; Skills; Occupational Choice; Labor Productivity
• Subject: productive governmental activities ; technology frontier ; convergence policies ; higly-skilled specialists ; technological skills ; systemic skills

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Soretz, Susanne ; Ott, Ingrid
• Event: Veröffentlichung
• (who): Verein für Socialpolitik
• (where): Frankfurt a. M.
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/37458
• Last update: 10.03.2025, 11:42 AM CET