A theoretical Assessment: The Limit of Governmental Expenditures or Investments on Economic Growth

Víctor Hugo Rosas Martínez

MPRA Paper from University Library of Munich, Germany

Abstract: Our growth model results claim: A trade-off between remaining in equilibrium color and getting to the free-deprivations limit; can The decentralized solution reach pareto optimality; An endogenous change of the participation of capital; No endogenous growth; Whether an economy gets to the free-deprivations public services impact limit on growth depends on the technology; The paper contribution to be at the transitional dynamics field.. Not only is the model consistent with diverse empirical tests like Passinetti’s stylized facts. Claim after claim, one basically closes further conceiving the introduction of the provided limit as a fair novel addition

Keywords: Economic Growth; Public Policy; Public Provisions; Limit; Extra Capacity (search for similar items in EconPapers)
JEL-codes: O21 O23 O40 (search for similar items in EconPapers)
Date: 2022-09-24
New Economics Papers: this item is included in nep-gro
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