Learning-By-Doing, Government Spending And Economic Growth: A Model A La Matsu Yama-Barro
Learning-by-doing and external productive effects of government spending are well-known engines of long-run economic growth. To the best of our knowledge, the interaction of these growth engines has not been analysed. This paper aims at filling this vacuum by combining the approaches of Matsuyama (1992) and Barro (1990). In the ensuing model, industrialization and growth are directly related. Governments may play a role in industrialization by adopting an optimal fiscal policy, and through improving efficiency. There is also room for industrial policies that lead to an optimal allocation of resources. The latter possibility is in contradiction to an open commercial regime that leads to deindustrialization. The model is used to think about some development experiences, specially about the slowdown of the Colombian economy since the 1980s.
|Date of creation:||20 Jun 2003|
|Date of revision:|
|Contact details of provider:|| |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dan Ben-David, 1993. "Equalizing Exchange: Trade Liberalization and Income Convergence," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 653-679.
- Kiminori Matsuyama, 1991.
"Agricultural Productivity, Comparative Advantage and Economic Growth,"
NBER Working Papers
3606, National Bureau of Economic Research, Inc.
- Matsuyama, Kiminori, 1992. "Agricultural productivity, comparative advantage, and economic growth," Journal of Economic Theory, Elsevier, vol. 58(2), pages 317-334, December.
- Kiminori Matsuyama, 1990. "Agricultural Productivity, Comparative Advantage, and Economic Growth," Discussion Papers 934, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Mauricio Cárdenas S. & Andrés Escobar A & Catalina Gutiérrez S., 1995.
"La Contribución de la Infraestructura a la actividad Económica en Colombia 1950 - 1994,"
Ensayos sobre Política Económica,
Banco de la Republica de Colombia, vol. 14(28), pages 139-188, Junio.
- Mauricio Cárdenas & Andrés Escobar & Catalina Gutiérrez, 1995. "La contribución de la infraestructura a la actividad económica en Colombia 1950 - 1994," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 14(28), pages 139-188, December.
- Jeffrey D. Sachs & Andrew M. Warner, 1995.
"Natural Resource Abundance and Economic Growth,"
NBER Working Papers
5398, National Bureau of Economic Research, Inc.
- Barro, Robert J., 1990.
"Government Spending in a Simple Model of Endogeneous Growth,"
3451296, Harvard University Department of Economics.
- Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October.
- Robert J. Barro, 1988. "Government Spending in a Simple Model of Endogenous Growth," NBER Working Papers 2588, National Bureau of Economic Research, Inc.
- Barro, R.J., 1988. "Government Spending In A Simple Model Of Endogenous Growth," RCER Working Papers 130, University of Rochester - Center for Economic Research (RCER).
- Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
- Mauricio CARDENAS SANTAMARIA, 2002.
"Economic growth in Colombia: A reversal of Fortune,"
ARCHIVOS DE ECONOMÍA
002402, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
- Mauricio Cárdenas, 2007. "Economic Growth In Colombia: A Reversal Of ‘Fortune’?," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 25(53), pages 220-259, January.
- repec:hoo:wpaper:e-92-3 is not listed on IDEAS
- Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
- Jong-Wha Lee, 1993.
"International Trade, Distortions, and Long-Run Economic Growth,"
IMF Staff Papers,
Palgrave Macmillan, vol. 40(2), pages 299-328, June.
- Jong-Wha Lee, 1992. "International Trade, Distortions and Long-Run Economic Growth," IMF Working Papers 92/90, International Monetary Fund.
- Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 369-405.
- repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
- Krugman, Paul, 1987. "The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher : Notes on trade in the presence of dynamic scale economies," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 41-55, October.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Edwards, Sebastian, 1993. "Openness, Trade Liberalization, and Growth in Developing Countries," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1358-93, September.
When requesting a correction, please mention this item's handle: RePEc:col:000149:003136. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CENDOC)
If references are entirely missing, you can add them using this form.