Arbeitspapier
Endogenous Growth Through Government Policy
This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth under a constant returns to scale production technology, absent externalities. Based on the dynamics induced by various policy choices, we demonstrate that policies that maximize capital deepening generate balanced growth and are Pareto optimal. In contrast, policies chosen by the median voter produce balanced growth, but are suboptimal.
- Sprache
-
Englisch
- Erschienen in
-
Series: Claremont Colleges Working Papers in Economics ; No. 2000-18
Klassifikation
Wirtschaft
Capitalist Systems: Political Economy
Fiscal Policy
Economic Growth and Aggregate Productivity: General
Capitalist Systems: Political Economy
Fiscal Policy
Economic Growth and Aggregate Productivity: General
Thema
public investment
positive political economy
median voter theorem
endogenous growth
positive political economy
median voter theorem
endogenous growth
Ereignis
Geistige Schöpfung
(wer)
Ghate, Chetan
Zak, Paul J.
Zak, Paul J.
Ereignis
Veröffentlichung
(wer)
Claremont McKenna College, Department of Economics
(wo)
Claremont, CA
(wann)
2000
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Ghate, Chetan
- Zak, Paul J.
- Claremont McKenna College, Department of Economics
Entstanden
- 2000
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