INNOVATION ECONOMY, PRODUCTIVE PUBLIC EXPENDITURE AND ECONOMIC GROWTH

被引：5

作者：

Afonso, Oscar ^{[1
]}

Monteiro, Sara ^{[2
]}

Thompson, Maria ^{[3
]}

机构：

[1] Univ Porto, Fac Econ, CEFUP, P-4200464 Oporto, Portugal

[2] Univ Nice Sophia Antipolis, Fac Law Polit Sci Econ & Management, CEMAFI, F-06050 Nice, France

[3] Univ Minho, Dept Econ, NIPE, P-4710057 Braga, Portugal

来源：

METROECONOMICA | 2014年 / 65卷 / 04期

关键词：

LONG-RUN GROWTH; ENDOGENOUS GROWTH; FISCAL-POLICY; MODEL; SCALE; INFRASTRUCTURE; MAINTENANCE; INVESTMENT;

D O I：

10.1111/meca.12054

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Multidisciplinary innovation is the main engine of growth for an increasing number of economies. Innovation requires the participation of and interaction between all economic agents. It also requires public spending on education, research and infrastructures. Our main goal is to emphasize the government's role in a growing innovation economy. Developing a non-scale, idea-based, one-sector growth model with complementarities and productive public expenditure, we analyse theoretically the growth effects of an increase in productive public expenditure, which we find positive in the short, medium and long run.

引用

页码：671 / 689

页数：19

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