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Fiscal policy effects, convergence, and growth

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  • Lorenzo Escot
  • Miguel-Angel Galindo

Abstract

The objective of this paper is to create an economic growth model with public capital that determines when exogenous or endogenous growth appears, showing the optimal public sector dimension, and determines the convergence equation condition. An empirical analysis is also developed for several countries. Copyright International Atlantic Economic Society 1999

Suggested Citation

  • Lorenzo Escot & Miguel-Angel Galindo, 1999. "Fiscal policy effects, convergence, and growth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(1), pages 48-55, February.
    • Handle: RePEc:kap:iaecre:v:5:y:1999:i:1:p:48-55:10.1007/bf02295030
    DOI: 10.1007/BF02295030
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    References listed on IDEAS

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    1. Evans, Paul & Karras, Georgios, 1994. "Is government capital productive? Evidence from a panel of seven countries," Journal of Macroeconomics, Elsevier, vol. 16(2), pages 271-279.
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    7. Paul Cashin, 1995. "Government Spending, Taxes, and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 237-269, June.
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    9. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    10. Eric M. Engen & Jonathan Skinner, 1992. "Fiscal Policy and Economic Growth," NBER Working Papers 4223, National Bureau of Economic Research, Inc.
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