Corruption in a neoclassical growth model with a non-convex production function: comment
AbstractIn Pereira and da Cruz Vieira (Int Rev Econ 57:335–346, 2010 ), it is claimed that previous studies on corruption using the neoclassical growth model in the Ramsey tradition typically exploited a convex production function with productive government spending. Moreover, a non-convex intensive form technology representation is proposed as derived from the (presumptive) strictly convex function in levels. We show that none of these claims are true, for the general function is neither convex nor concave and fails to be linearly homogeneous. As a consequence, all the findings derived in Pereira and da Cruz Vieira ( 2010 ) are not peculiar to non-convex production functions. Copyright Springer-Verlag 2012
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Bibliographic InfoArticle provided by Springer in its journal International Review of Economics.
Volume (Year): 59 (2012)
Issue (Month): 3 (September)
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Web page: http://www.springer.com/economics/journal/12232
Find related papers by JEL classification:
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
- H40 - Public Economics - - Publicly Provided Goods - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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