Fiscal Policy Analysis under Alternative Mechanisms of Endogenous Growth
AbstractThe endogenous growth models of Lucas (1988) and Uzawa (1965) that rely on a formal training technology to generate growth, and the endogenous technologiacl change model of Romer (1990) fit the long-run secular growth path of the US economy equally well. However, the Romer model yields significantly larger welfare cists associated with distortionary taxes on factor income. Moreover, the short-run dynamic properties of the two types of endogenous growth models are very different.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Department of Economics, Florida State University in its series Working Papers with number 1997_01_01.
Length: 28 pages
Date of creation: 1997
Date of revision:
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Richard Kneller & Norman Gemmell, 2002.
"Fiscal Policy, Growth and Convergence in Europe,"
European Economy Group Working Papers
14, European Economy Group.
- Norman Gemmell, 2010.
"Fiscal Policy in a Growth Framework,"
- Einarsson, T. & Marquis, M.H., 1996.
"Formal Training, On-the-Job Training and the Allocation of Time,"
1996_06_01, Department of Economics, Florida State University.
- Einarsson, Tor & Marquis, Milton H., 1999. "Formal Training, On-the-Job Training and the Allocation of Time," Journal of Macroeconomics, Elsevier, vol. 21(3), pages 423-442, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dmitry Ryvkin).
If references are entirely missing, you can add them using this form.