Paving the Road to Prosperity: Productive Government Spending, Takeo . . . we document a hump-shaped relationship between produc-tive government spending and economic growth Calibrating the model to the US, we nd that raising productive government spending from its historical value to its growth-maximizing value causes an earlier
Government Spending in a Simple Model of Endogeneous Growth Empirical evidence across countries supports some of the hypotheses about government and growth Recent models of economic growth can generate long-term growth without relying on exogenous changes in technology or population
Analyzing the Impact of Public Policies on Endogenous Growth Theory Endogenous growth theory suggests that public policies can address externalities that impact economic growth For example, policies that promote the use of renewable energy can reduce negative externalities such as pollution, leading to a healthier environment and improved economic growth
Endogenous growth theory - Wikipedia The endogenous growth theory primarily holds that the long run growth rate of an economy depends on policy measures For example, subsidies for research and development or education increase the growth rate in some endogenous growth models by increasing the incentive for innovation
Government Expenditure Financing in an Endogenous Growth Model: A . . . In this paper, we utilize a simple monetary endogenous growth framework to as- sess the relative merits of alternative modes of expenditure financing We emphasize the transactional role of money via a generalized cash-in-advance or liquidity con- straint
Endogneous Growth_Zulal S. Denaux-All-revised version This paper provides a theoretical and empirical investigation of the simultaneous effects of taxes and government spending on long-run economic growth in an endogenous growth framework