El sector público y el cambio tecnológico

In this paper we study the impact on growth due to a technological change generated by the government. At the beginning the required main conditions to create new technologies are defined and the conditions for the macroeconomic equilibrium are established. Under a deterministic model the effects of the government’s participation on growth are examined and then the optimal government expenditure that maximizes the agent’s wealth is found. Moreover in a stochastic model the government’s participation into the economic activities through generating new technologies are studied; specifically there is a positive impact on growth and wealth from technological change induced by the government spending.