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Finite Horizons, Political Economy, and Growth

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  • Kahn, J.A.
  • Lim, J.S.

Abstract

This paper analyzes the political economy of growth as an issue of inter-generational distribution. The first part of the paper develops a model of endogenous growth via accumulation of knowledge in a finite-horizon overlapping generations setting. equilibrium growth is enefficient due to the presence of an intergenerational externality. We than analyze the outcome when the planner's objective mirrors those of the individuals to the economy.

Suggested Citation

  • Kahn, J.A. & Lim, J.S., 1996. "Finite Horizons, Political Economy, and Growth," RCER Working Papers 433, University of Rochester - Center for Economic Research (RCER).
    • Handle: RePEc:roc:rocher:433
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    Cited by:

    1. Kahn, J.A., 1996. "Education, Political Instability, and Growth," RCER Working Papers 434, University of Rochester - Center for Economic Research (RCER).
    2. Murard, Elie, 2017. "Less Welfare or Fewer Foreigners? Immigrant Inflows and Public Opinion towards Redistribution and Migration Policy," IZA Discussion Papers 10805, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    ECONOMIC GROWTH;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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