Federalism, education-related public good and growth when agents are heterogeneous created by Floriana Cerniglia and Riccarda Longaretti

By:

Cerniglia Floriana [author]

Contributor(s):

Longaretti Riccarda [co-author]

Material type: Text

TextSeries: Journal of economics ; Volume 109, number 3Heidelberg: Springer, 2013Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

09318658

Subject(s):

Fiscal federalism -- Overlapping generations -- Heterogeneous agents

LOC classification:

HB171.5 JOU

Online resources:

Click here to access online

Abstract: 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

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Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB171.5 JOU (Browse shelf(Opens below))	Vol. 109, no. 3 (pages 271-302)	SP21438	Not for loan	For in-house use only

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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

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