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ファイル | 記述 | サイズ | フォーマット | |
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DP1044.pdf | 8.06 MB | Adobe PDF | 見る/開く |
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DCフィールド | 値 | 言語 |
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dc.contributor.author | Arawatari, Ryo | en |
dc.contributor.author | Hori, Takeo | en |
dc.contributor.author | Mino, Kazuo | en |
dc.date.accessioned | 2021-03-25T10:24:28Z | - |
dc.date.available | 2021-03-25T10:24:28Z | - |
dc.date.issued | 2020-10 | - |
dc.identifier.uri | http://hdl.handle.net/2433/262361 | - |
dc.description.abstract | This paper examines the relationship between productive government expenditure and economic growth. An R&D-based model of endogenous growth is used in which agents have heterogeneous entrepreneurial abilities. We show that if the entrepreneurial ability follows a long- and fat-tailed distribution, then the relationship between government ex-penditure/GDP and economic growth rate is depicted by an inverted U-shaped curve with a fiat top. The fiat top indicates that government size change has a limited impact on growth. We calibrate the model to U.S. data and empirically confirm the above theoretical prediction. | en |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Institute of Economic Research, Kyoto University | en |
dc.publisher.alternative | 京都大学経済研究所 | ja |
dc.subject | endogenous growth | en |
dc.subject | government expenditure | en |
dc.subject | heterogeneous agents | en |
dc.subject | nonlinear relationship | en |
dc.subject.ndc | 330 | - |
dc.title | Productive government expenditure and economic growth in a heterogeneous-agents model | en |
dc.type | research report | - |
dc.type.niitype | Research Paper | - |
dc.identifier.jtitle | KIER Discussion Paper | en |
dc.identifier.volume | 1044 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 54 | - |
dc.textversion | author | - |
dc.sortkey | 01044 | - |
dc.address | Faculty of Economics, Doshisha University | en |
dc.address | Department of Industrial Engineering and Economics, School of Engineering, Tokyo Institute of Technology | en |
dc.address | lnstitute of Economic Research, Kyoto University | en |
dc.identifier.kaken | 17K03620 / 18K01502 / 16KT0089 | - |
dc.relation.url | https://www.kier.kyoto-u.ac.jp/publication/?cat=en | - |
dcterms.accessRights | open access | - |
出現コレクション: | KIER Discussion Paper (英文版) |
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