کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5055924 | 1371504 | 2008 | 15 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Fiscal policy in an endogenous growth model with human capital and heterogenous agents Fiscal policy in an endogenous growth model with human capital and heterogenous agents](/preview/png/5055924.png)
This paper studies effects of fiscal policy in an endogenous growth model with human capital and heterogenous agents. Two types of households are considered. One household acquires human capital or skills through education while the other household remains unskilled. Sustained growth is the result of human capital accumulation which is a function of the existing human capital employed in the educational sector and of public spending for education. Aggregate production is given by a function with physical capital and labor as input factors, where total labor input is modelled by a CES function with skilled and unskilled labor as arguments. The paper studies effects of fiscal policy as concerns long-run growth and the distribution of income as well as concerns welfare of the two households.
Journal: Economic Modelling - Volume 25, Issue 4, July 2008, Pages 643-657