Goverment Spending, Technological Change, Economic Growth, and Population Welfare

Salvador Rivas-Aceves () and Francisco Venegas-Martínez
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Salvador Rivas-Aceves: Instituto Politécnico Nacional

Chapter 5 in Paths for growth in undeveloped countries, 2016, vol. I, pp 116-127 from Escuela Superior de Economía, Instituto Politécnico Nacional

Abstract: The objective of this paper is to develop a model of an economy with a government acting as a sponsor of technological change. The model allows us to examine the effects on growth of a government promoting technological change. To do this, a two-stage game is proposed. In the first stage the representative consumer-producer made her/his optimal decisions taking as given the government spending used to support technological change. Subsequently, in the second stage, the government chooses its level of effort to support technology, in terms of its spending, in such a way that economic welfare of individuals is maximized.

Date: 2016
ISBN: 978-607-96750-4-2
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Persistent link: https://EconPapers.repec.org/RePEc:ipn:capitu:013

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