Public infrastructure, non-cooperative investments and endogenous growth

Comportements non-coopéeratifs en matièere d’investissement dans les infrastructures publiques et croissance endogèene

Charles Figuieres, Fabien Prieur and Mabel Tidball ()
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Mabel Tidball: LAMETA - Laboratoire Montpelliérain d'Économie Théorique et Appliquée - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - INRA - Institut National de la Recherche Agronomique - Montpellier SupAgro - Centre international d'études supérieures en sciences agronomiques - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier

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Abstract: Two countries strategically invest in productive infrastructure within a general equilibrium model with endogenous growth. These public investments generate externalities. Dynamic analysis reveals that: (1) under constant returns, the two countries' growth rates differ during the transition but are identical on the balanced growth path, (2) a country with decreasing returns can experience sustained growth provided that the other country grows at a positive constant rate, (3) cooperation does not necessarily lead to higher growth for each country, and it can increase or decrease the gap between countries' growth rates depending on the countries' consumption preferences regarding domestic and foreign goods.

Date: 2013
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Citations: View citations in EconPapers (2)

Published in Canadian Journal of Economics / Revue Canadienne d'Économique, 2013, 46 (2), pp.587-610. ⟨10.1111/caje.12024⟩

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Related works:
Journal Article: Public infrastructure, noncooperative investments, and endogenous growth (2013)
Journal Article: Public infrastructure, non‐cooperative investments, and endogenous growth (2013)
Working Paper: Public infrastructure, non cooperative investments and endogeneous growth (2012)
Working Paper: Public Infrastructure, non Cooperative Investments and Endogenous Growth (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02645736

DOI: 10.1111/caje.12024

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