Abstract

RIVAS-ACEVES, Salvador  and  VENEGAS-MARTINEZ, Francisco. Cambio tecnológico en México financiado por el gobierno: un modelo de crecimiento endógeno. Región y sociedad [online]. 2010, vol.22, n.49, pp.91-116. ISSN 2448-4849.

The effects of government spending as a promoter of technological change are studied within the framework of a closed economy with a technology of constant returns to scale. Such government participation generates a change in production conditions, thereby raising marginal productivity by either generating new technologies or increasing human capital. The rate of economic growth in equilibrium and optimal spending for maximizing economic welfare are determined within an endogenous growth model. Likewise, the impact of price shocks, wage shocks, and government spending shocks on economic welfare is addressed. Finally, some simulations are performed in order to establish the impact of government spending on economic growth rate.

Keywords : endogenous growth; government spending; technological change; human capital; productivity; wages.

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