Federalism, education-related public good and growth when agents are heterogeneous
Cerniglia Floriana
Federalism, education-related public good and growth when agents are heterogeneous created by Floriana Cerniglia and Riccarda Longaretti - Journal of economics. Volume 109, number 3 .
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
09318658
Fiscal federalism--Heterogeneous agents--Overlapping generations
HB171.5 JOU
Federalism, education-related public good and growth when agents are heterogeneous created by Floriana Cerniglia and Riccarda Longaretti - Journal of economics. Volume 109, number 3 .
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
09318658
Fiscal federalism--Heterogeneous agents--Overlapping generations
HB171.5 JOU