• search hit 50 of 80
Back to Result List

Regional growth strategies: fiscal versus institutional governmental policies

  • This paper analyzes the growth impact of fiscal and institutional governmental policies in a regional context. The government provides a productive input that is complementary to private capital. Institutional policies include the decision about the type of public input as well as on the size of the region as determined by the number of firms. Fiscal policies decide on the extent of the public input. Private capital accumulation incurs adjustment costs that depend upon the ratio between private and public investment. After deriving the decentralized equilibrium, fiscal and institutional policies as well as their interdependencies and welfare implications are discussed. Due to the feedback effects both policies may not be determined independently. It is also shown that depending on the region’s size different types of the public input maximize growth.
  • nicht verfügbar

Download full text files

Export metadata

Additional Services

Share in Twitter Search Google Scholar
Author:Ingrid Ott (Prof. Dr.)GND, Susanne Soretz
URL: https://pub-data.leuphana.de/frontdoor/index/index/docId/436
Document Type:ResearchPaper
Year of Completion:2006
Date of Publication (online):2006/10/13
Release Date:2006/10/13
Tag:Fiscal and institutional policy; adjustment costs; congested public inputs; regional growth
GND Keyword:Fiskalpolitik; Wirtschaftswachstum
Institutes:Universität / Frühere Fachbereiche
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft