Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom https://en.irefeurope.org/309
Public Spending & Growth
Introduction: There is by now a huge and rapidly expanding- literature on endogenous growth’. In this literature certain ingredients ’enter the production function’- that is contribute to the generation of output- which are themselves enhanced in their effects by the extra output. Hence growth may enter a ’self-feeding’ phase when these elements are present or increased beyond a certain threshold. Such elements are said to include education or personal knowledge (’human capital’), public infrastructure and research and development...