Policy Variability and Economic Growth

Hugo A. Hopenhayn and M.E. Maniagurria

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: This paper explores the effect of policy variability (or frequency of regime switching) on economic growth and welfare. We study a one sector growth model where investment can be subsidized at either a positive rate or not subsidized at all.

Keywords: ECONOMIC GROWTH; ECONOMIC THEORY (search for similar items in EconPapers)
JEL-codes: C63 E13 E22 E61 O41 (search for similar items in EconPapers)
Date: 1996
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Working Paper: Policy Variability and Economic Growth (1993)
Journal Article: Policy Variability and Economic Growth (1996)
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Persistent link: http://EconPapers.repec.org/RePEc:roc:rocher:422

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