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Finite Horizons, Political Economy, and Growth

James Kahn () and J.S. Lim

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: This paper analyzes the political economy of growth as an issue of inter-generational distribution. The first part of the paper develops a model of endogenous growth via accumulation of knowledge in a finite-horizon overlapping generations setting. equilibrium growth is enefficient due to the presence of an intergenerational externality. We than analyze the outcome when the planner's objective mirrors those of the individuals to the economy.

Keywords: ECONOMIC; GROWTH (search for similar items in EconPapers)
JEL-codes: O40 O47 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1996
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Journal Article: Finite Horizons, Political Economy, and Growth (2001) Downloads
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