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Andrews, Matt - 2013

'Leadership' is not a common topic for research in international development. In recent years, however, prominent … studies like the 2008 Growth Commission Report noted the importance of leadership in development. This and other studies … do lead development. It deconstructs the implied theory behind the 'hero orthodoxy' into four hypotheses: about how …

Persistent link: https://www.econbiz.de/10010187197

Growth effects of fiscal policies : a comparative analysis in a multi-country context

Brons, Martijn; Groot, Henri L. F. de; Nijkamp, Peter - 1999

The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...

Persistent link: https://www.econbiz.de/10011301152

Government size and economic growth in an endogenous growth model with rent-seeking

Wadho, Waqar; Ayaz, Umair - 2017

We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...

Persistent link: https://www.econbiz.de/10012120573

Endogenous Public Policy and Long-Run Growth

Koulovatianos, Christos; Mirman, Leonard J. - 2004

We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We focus on how the dynamic politicoeconomic equilibrium maps the economic fundamentals to policies and long-run growth. We find...

Persistent link: https://www.econbiz.de/10014073361

Endogenous Public Policy and Long-Run Growth : Some Simple Analytics

Koulovatianos, Christos; Mirman, Leonard J. - 2006

We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We provide analytical results on how the dynamic politicoeconomic equilibrium maps the economic fundamentals to policies and...

Persistent link: https://www.econbiz.de/10014066719

How Do Governments Set Public Deficits? A Note on Persistent Deficit, Growth, and Indeterminacy

Greiner, Alfred - 2013

In a recent paper Minea and Villieu (2012) present an endogenous growth model with productive public spending and government debt and assert that their model can generate multiple balanced growth paths. We show that their result is non-generic and point out where the error in their analysis is....

Persistent link: https://www.econbiz.de/10013084622

Stimulating long-term growth and welfare in the U.S.

Malley, James R.; Philippopulos, Apostolēs - 2023

We develop an endogenous growth model to quantify how permanent structural policy changes that enhance the fiscal policy mix, markets' functioning, and public institutions' quality affect long-term growth and welfare. The reforms include increased public investment, reduced market power through...

Persistent link: https://www.econbiz.de/10014364961

Stagnation traps

Benigno, Gianluca; Fornaro, Luca - 2017

We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent …

Persistent link: https://www.econbiz.de/10011636233

Endogenous Growth, Monetary Shocks and Nominal Rigidities

Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth depends on the persistence of the nominal shocks and on the...

Persistent link: https://www.econbiz.de/10010343890

Volatility, Growth, and Welfare

Wang, Pengfei - 2011

This paper constructs an endogenous growth model driven by self-fulfilling expectation shocks to explain the stylized fact that the average growth rate of GDP is related negatively to volatility and positively to capacity utilization. The implied welfare gain from further stabilizing the U.S....

Persistent link: https://www.econbiz.de/10012714034

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