Dynamic political effects in a neoclassic growth model with healthcare and creative activities
This paper incorporates healthcare and creative activities in the Ramsey-Cass-Koopmans model in order to analyse the endogenous growth effects arising from governmental policies. An increase in lump-sum taxes and inefficient expenditures decrease the short, medium and the long-run economic growth.
|Date of creation:||Nov 2011|
|Date of revision:|
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