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Federalism, Education-Related Public Good and Growth when Agents are Heterogeneou

Floriana Cerniglia and Riccarda Longaretti

No 138, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: In this paper we use an endogeneous-growth model with human capital and heterogeneous agents to analyse the relationship between fiscal federalism and economic growth. Results show that federalism, which allows education-related public good levels to be tailored on the human capital of heterogeneous agents, increases human capital accumulation. This in turn leads to higher rates of growth. The benefits of federalism are stronger the larger the intra-jurisdiction variance of agents’ human capital.

Keywords: Fiscal Federalism; Endogenous Economic Growth; Overlapping Generations; Heterogeneous Agents (search for similar items in EconPapers)
JEL-codes: H77 J24 O41 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2008-05, Revised 2008-05
New Economics Papers: this item is included in nep-dge, nep-hrm and nep-pbe
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http://repec.dems.unimib.it/repec/pdf/mibwpaper138.pdf First version, 2008 (application/pdf)

Related works:
Journal Article: Federalism, education-related public good and growth when agents are heterogeneous (2013) Downloads
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