Please use this identifier to cite or link to this item:
https://doi.org/10.48548/pubdata-1219
| Resource type | Working Paper |
| Title(s) | Regional growth strategies: fiscal versus institutional governmental policies |
| DOI | 10.48548/pubdata-1219 |
| Handle | 20.500.14123/1282 |
| Creator | Ott, Ingrid  136759203Soretz, Susanne |
| Abstract | This paper analyzes the growth impact of fiscal and institutional governmental policies in a regional context. The government provides a productive input that is complementary to private capital. Institutional policies include the decision about the type of public input as well as on the size of the region as determined by the number of firms. Fiscal policies decide on the extent of the public input. Private capital accumulation incurs adjustment costs that depend upon the ratio between private and public investment. After deriving the decentralized equilibrium, fiscal and institutional policies as well as their interdependencies and welfare implications are discussed. Due to the feedback effects both policies may not be determined independently. It is also shown that depending on the region’s size different types of the public input maximize growth. |
| Language | English |
| Keywords | Fiscal Policy; Regional Growth; Adjustment Costs; Congestion; Public Input; Fiskalpolitik; Wirtschaftswachstum |
| Year of publication in PubData | 2006 |
| Publishing type | First publication |
| Publication version | Published version |
| Date issued | 2006-10-13 |
| Creation context | Research |
| Published by | Medien- und Informationszentrum, Leuphana Universität Lüneburg |
| Related resources |
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| File | Size | Format | |
|---|---|---|---|
wp_30_Upload.pdf License: Nutzung nach Urheberrecht open-access | 282.01 kB | Adobe PDF | View/Open |
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