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EnglishIn 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.
Cerniglia, F. M., Longaretti, R. A., Federalism, education-related public good and growth when agents are heterogeneous, <<JOURNAL OF ECONOMICS>>, 2013; 109 (3): 271-301. [doi:10.1007/s00712-012-0298-0] [http://hdl.handle.net/10807/79157]
| Autori: | |
| Titolo: | Federalism, education-related public good and growth when agents are heterogeneous |
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1007/s00712-012-0298-0 |
| Data di pubblicazione: | 2013 |
| 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: | Inglese |
| Rivista: | |
| Citazione: | Cerniglia, F. M., Longaretti, R. A., Federalism, education-related public good and growth when agents are heterogeneous, <<JOURNAL OF ECONOMICS>>, 2013; 109 (3): 271-301. [doi:10.1007/s00712-012-0298-0] [http://hdl.handle.net/10807/79157] |
| Appare nelle tipologie: | Articolo in rivista, Nota a sentenza |
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