The allocation of public expenditure and economic growth.
This paper studies the optimal allocation of government spending between health, education and infrastructure in an endogenous growth framework. Infrastructure affects not only the production of goods but also the supply of health and education services. The production of health (education) services...
| Publicado en: | Manchester School (14636786) Vol. 79; no. 4; pp. 899 - 932 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
July 2011
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=513190496&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513190496 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 14636786 MSE jtl: Manchester School (14636786) issn: 14636786 maglogo: N pubinfo: dt: July 2011 vid: 79 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 513190496 10.1111.1467-9957.2010.02197.x ppf: 899 ppct: 33 formats: tig: atl: The allocation of public expenditure and economic growth. aug: au: Agénor, Pierre-Richard Neanidis, Kyriakos C. su: Cross-cultural studies Resource allocation Resource allocation -- Mathematical models Government spending policy Mathematical models of economic development sug: subj: Cross-cultural studies Resource allocation Resource allocation -- Mathematical models Government spending policy Mathematical models of economic development ab: This paper studies the optimal allocation of government spending between health, education and infrastructure in an endogenous growth framework. Infrastructure affects not only the production of goods but also the supply of health and education services. The production of health (education) services depends also on the stock of human capital (health services). Transitional dynamics associated with budget-neutral shifts in the composition of expenditure are analyzed, and growth- and welfare-maximizing allocation rules are derived and compared. The discussion highlights the role played by the externalities associated with all three types of public services in the health and human capital technologies. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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