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.
- Language
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Englisch
- Bibliographic citation
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Series: Claremont Colleges Working Papers in Economics ; No. 2000-18
- Classification
-
Wirtschaft
Capitalist Systems: Political Economy
Fiscal Policy
Economic Growth and Aggregate Productivity: General
- Subject
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public investment
positive political economy
median voter theorem
endogenous growth
- Event
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Geistige Schöpfung
- (who)
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Ghate, Chetan
Zak, Paul J.
- Event
-
Veröffentlichung
- (who)
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Claremont McKenna College, Department of Economics
- (where)
-
Claremont, CA
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ghate, Chetan
- Zak, Paul J.
- Claremont McKenna College, Department of Economics
Time of origin
- 2000
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