La tasa de crecimiento económico puede estar positivamente relacionada con el gasto público en capital humano e infraestructura física. pero el gasto público tiene un costo de oportunidad, así que debe existir un nivel óptimo de tal gasto. En este documento se presenta un modelo de crecimiento económico con gasto público en esos rubros y los resultados de las simulaciones con aquel para estimar o evaluar, en el caso colombiano:1)los niveles óptimos del gasto público en capital humano e infraestructura, 2)la pérdida de bienestar social derivada de financiar el gasto público con impuestos que distorsionan la asignación de los recursos, 3) los tiempos requeridos y las velocidades de convergencia al estado estable a partir de situaciones alejadas de éste y 4) la importancia relativa de dos motores principales del crecimiento económico: la acumulación de acervos productivos (en capital físico individual, capital humano e infraestructura) y el cambio técnico no incorporado y exógeno.
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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number
218.
Find related papers by JEL classification: D90 - Microeconomics - - Intertemporal Choice and Growth - - - General E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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