Governance, social infrastructure and productivity
Fernando del Río
MPRA Paper from University Library of Munich, Germany
I develop a neoclassical growth model in which the government accumulates contestable social infrastructure. In this framework, both a more accountable and more fairness governance encourages governmental accumulation of social infrastructure which fosters productivity. According to the calibrated model, for a country in the lower decile of the distribution of the index of social infrastructure, improving governance fairness by one standard deviation increases, on average, social infrastructure by 84% and GDP per worker by around 38%. However, the quantitative impact of improving governance accountability on social infrastructure and productivity is negligible.
Keywords: Governance; productivity; rent-seeking; social infrastructure. (search for similar items in EconPapers)
JEL-codes: O10 O43 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge and nep-eff
Date: 2018-04-16, Revised 2018-04-16
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86245
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