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

Floriana Margherita Cerniglia, Riccarda Arianna Longaretti, Riccarda Longaretti

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer 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 originaleEnglish
pagine (da-a)271-301
Numero di pagine31
RivistaJOURNAL OF ECONOMICS
Volume109
DOI
Stato di pubblicazionePubblicato - 2013

Keywords

  • Endogenous economic growth
  • Overlapping generations

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