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dc.contributor.authorBLACKBURN, Keith
dc.contributor.authorRAVN, Morten O.
dc.date.accessioned2011-05-09T15:11:05Z
dc.date.available2011-05-09T15:11:05Z
dc.date.issued1993
dc.identifier.citationScandinavian Journal of Economics, 1993, 95, 4, 495-515
dc.identifier.issn0347-0520
dc.identifier.urihttp://hdl.handle.net/1814/16920
dc.description.abstractThe paper is concerned with public policy and economic development in a world of interdependent economies. Its objective is to show how the international coordination of economic policy is a means of promoting growth across countries. The analysis is based on a two-country endogenous growth model in which the production of human capital depends on country-specific tax-financed public expenditure and worldwide previously accumulated knowledge. We consider optimal policy as the outcome of a dynamic game between benevolent governments. We show that both growth (which itself has no normative significance) and welfare are, indeed, higher under cooperation than under non-cooperation.
dc.titleGrowth, Human-Capital Spillovers and International-Policy Coordination
dc.typeArticle
dc.identifier.doi10.2307/3440908
dc.neeo.contributorBLACKBURN|Keith|aut|
dc.neeo.contributorRAVN|Morten O.|aut|
dc.identifier.volume95
dc.identifier.startpage495
dc.identifier.endpage515
eui.subscribe.skiptrue
dc.identifier.issue4


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