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.

MoreLess

Year of publication:	2011-11
Authors:	Guimarães, Luis ; Afonso, Óscar ; Vasconcelos, Paulo B.
Institutions:	Faculdade de Economia, Universidade do Porto
Subject:	Neoclassical economic growth \| Governmental policies \| Health-care and creative activities \| Numerical analysis

More details

Extent:	application/pdf
Series:	FEP Working Papers.
Type of publication:	Book / Working Paper
Notes:	9 pages
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; C63 - Computational Techniques
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010617862