Biblioteca Digital de VanguardiaLearning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro
Learning-by-doing and external productive effects of government spending are well-known engines of long-run economic growth. To the best of our knowledge, the interaction of these growth engines has not been analysed. This paper aims at filling this vacuum by combining the approaches of Matsuyama (1...
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| Formato: | info:eu-repo/semantics/publishedVersion |
| Lenguaje: | Inglés |
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CIDSE, Centro de Investigaciones y Documentación Socioeconomica
2021
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| Acceso en línea: | https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/4160 |
| _version_ | 1782338519218257920 |
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| author | Ortiz, Carlos Humberto |
| author_facet | Ortiz, Carlos Humberto |
| author_sort | Ortiz, Carlos Humberto |
| collection | Repositorio |
| description | Learning-by-doing and external productive effects of government spending are well-known engines of long-run economic growth. To the best of our knowledge, the interaction of these growth engines has not been analysed. This paper aims at filling this vacuum by combining the approaches of Matsuyama (1992) and Barro (1990). In the ensuing model, industrialization and growth are directly related. Governments may play a role in industrialization by adopting an optimal fiscal policy, and through improving efficiency. There is also room for industrial policies that lead to an optimal allocation of resources. The latter possibility is in contradiction to an open commercial regime that leads to deindustrialization. The model is used to think about some development experiences, specially about the slowdown of the Colombian economy since the 1980s. |
| format | info:eu-repo/semantics/publishedVersion |
| id | clacso-CLACSO4160 |
| institution | CLACSO, Repositorio Digital |
| language | Inglés |
| publishDate | 2021 |
| publisher | CIDSE, Centro de Investigaciones y Documentación Socioeconomica |
| record_format | greenstone |
| spelling | clacso-CLACSO41602022-03-11T13:28:33Z Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro Ortiz, Carlos Humberto Crecimiento económico Desarrollo económico Economía Gastos públicos Industrialización Política fiscal Política industrial Learning-by-doing and external productive effects of government spending are well-known engines of long-run economic growth. To the best of our knowledge, the interaction of these growth engines has not been analysed. This paper aims at filling this vacuum by combining the approaches of Matsuyama (1992) and Barro (1990). In the ensuing model, industrialization and growth are directly related. Governments may play a role in industrialization by adopting an optimal fiscal policy, and through improving efficiency. There is also room for industrial policies that lead to an optimal allocation of resources. The latter possibility is in contradiction to an open commercial regime that leads to deindustrialization. The model is used to think about some development experiences, specially about the slowdown of the Colombian economy since the 1980s. 2021-09-13T21:15:07Z 2021-09-13T21:15:07Z 2003 info:eu-repo/semantics/publishedVersion info:ar-repo/semantics/documento de trabajo info:eu-repo/semantics/workingPaper https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/4160 eng Attribution-NonCommercial-NoDerivatives 4.0 International info:eu-repo/semantics/openAccess application/pdf 29 p. application/pdf CIDSE, Centro de Investigaciones y Documentación Socioeconomica |
| spellingShingle | Crecimiento económico Desarrollo económico Economía Gastos públicos Industrialización Política fiscal Política industrial Ortiz, Carlos Humberto Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro |
| title | Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro |
| title_full | Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro |
| title_fullStr | Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro |
| title_full_unstemmed | Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro |
| title_short | Learning-by-doing, government spending and economic growth: a model à la Matsuyama-Barro |
| title_sort | learning-by-doing, government spending and economic growth: a model à la matsuyama-barro |
| topic | Crecimiento económico Desarrollo económico Economía Gastos públicos Industrialización Política fiscal Política industrial |
| url | https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/4160 |