Private provision of public good and immiserizing growth
Private provision of public good and immiserizing growth
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Publisher
Berlin/Heidelberg: Springer
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Language
English
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Publisher
Berlin/Heidelberg: Springer
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Scope and Contents
Contents
This paper develops a simple R&D driven endogenous growth model with a public good financed by private contributions. I show that a larger endowment of population or resources can be immiserizing for the economy as a whole. With a larger population, the economy grows at a higher rate but per-capita income from asset holdings falls unambiguously. Si...
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Full title
Private provision of public good and immiserizing growth
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Author / Creator
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TN_cdi_proquest_journals_1695963438
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1695963438
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ISSN
0176-1714
E-ISSN
1432-217X
DOI
10.1007/s00355-014-0842-7
