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

• Autores: Oscar Bajo Rubio
• Localización: Documentos de Trabajo ( Universidad Pública de Navarra. Departamento de Economía ), Nº. 13, 1999
• Idioma: inglés
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• Dialnet Métricas: 5 Citas
• Resumen

  • 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.