A further generalization of the Solow growth model: the role of the public sector

被引：37

作者：

Bajo-Rubio, O ^{[1
]}

机构：

[1] Univ Publ Navarra, Dept Econ, Pamplona 31006, Spain

来源：

ECONOMICS LETTERS | 2000年 / 68卷 / 01期

关键词：

economic growth; neoclassical and augmented growth models; public capital; transfers; fiscal policy;

D O I：

10.1016/S0165-1765(00)00220-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop in this paper an augmented version of the Solow (1956) [Solow R., 1956. A contribution to the theory of economic growth. Quarterly Journal of Economics 70, 65-94] 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) [Barro R., 1990. Government spending in a simple model of endogenous growth. Journal of Political Economy 98, S103-S125] to the case in which returns to scale to private factors are not constant. (C) 2000 Elsevier Science S.A. All rights reserved. JEL classification: E62; O40.

引用

页码：79 / 84

页数：6

共 11 条

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