Federalism, education-related public good and growth when agents are heterogeneous

Floriana Margherita Cerniglia; Riccarda Longaretti; Riccarda Arianna Longaretti

doi:10.1007/s00712-012-0298-0

Federalism, education-related public good and growth when agents are heterogeneous

Floriana Margherita Cerniglia, Riccarda Longaretti, Riccarda Arianna Longaretti

University of Milan - Bicocca

Risultato della ricerca: Contributo in rivista › Articolo in rivista › peer review

7 Citazioni (Scopus)

Abstract

In this paper we use an endogenous-growth model with human capital and heterogeneous agents to analyse the relationship between fiscal federalism and economic growth. The results show that federalism, which allows education-related public good levels to be tailored to the local distribution of human capital, increases human capital accumulation. This in turn leads to higher rates of growth. The benefits of federalism are stronger, the larger the intra-jurisdiction variance of agents’ human capital.

Lingua originale	English
pagine (da-a)	271-301
Numero di pagine	31
Rivista	JOURNAL OF ECONOMICS
Volume	109
DOI	https://doi.org/10.1007/s00712-012-0298-0
Stato di pubblicazione	Pubblicato - 2013

Keywords

Endogenous economic growth
Overlapping generations

OSS delle Nazioni Unite

Questo processo contribuisce al raggiungimento dei seguenti obiettivi di sviluppo sostenibile

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10.1007/s00712-012-0298-0

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abstract = "In this paper we use an endogenous-growth model with human capital and heterogeneous agents to analyse the relationship between fiscal federalism and economic growth. The results show that federalism, which allows education-related public good levels to be tailored to the local distribution of human capital, increases human capital accumulation. This in turn leads to higher rates of growth. The benefits of federalism are stronger, the larger the intra-jurisdiction variance of agents{\textquoteright} human capital.",

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AU - Longaretti, Riccarda Arianna

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AB - In this paper we use an endogenous-growth model with human capital and heterogeneous agents to analyse the relationship between fiscal federalism and economic growth. The results show that federalism, which allows education-related public good levels to be tailored to the local distribution of human capital, increases human capital accumulation. This in turn leads to higher rates of growth. The benefits of federalism are stronger, the larger the intra-jurisdiction variance of agents’ human capital.

KW - Endogenous economic growth

KW - Overlapping generations

KW - Endogenous economic growth

KW - Overlapping generations

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JO - JOURNAL OF ECONOMICS

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ER -

Federalism, education-related public good and growth when agents are heterogeneous

Abstract

Keywords

OSS delle Nazioni Unite

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