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El sector público y el cambio tecnológico
[The public sector and technological change]

Author

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  • Rivas-Aceves, Salvador

Abstract

In this paper we study the impact on growth due to a technological change generated by the government. At the beginning the required main conditions to create new technologies are defined and the conditions for the macroeconomic equilibrium are established. Under a deterministic model the effects of the government’s participation on growth are examined and then the optimal government expenditure that maximizes the agent’s wealth is found. Moreover in a stochastic model the government’s participation into the economic activities through generating new technologies are studied; specifically there is a positive impact on growth and wealth from technological change induced by the government spending.

Suggested Citation

  • Rivas-Aceves, Salvador, 2013. "El sector público y el cambio tecnológico [The public sector and technological change]," MPRA Paper 58267, University Library of Munich, Germany, revised 2013.
    • Handle: RePEc:pra:mprapa:58267
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    crecimiento endógeno; gasto de gobierno; cambio tecnológico; sector público;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General

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