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

By: Contributor(s): Material type: TextTextSeries: Journal of economics ; Volume 109, number 3Heidelberg: Springer, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 09318658
Subject(s): LOC classification:
  • HB171.5 JOU
Online resources: 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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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article 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

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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