Dynamic Political Effects in a Neoclassic Growth Model with Healthcare and Creative Activities

• Type: Article in International Conference Proceedings Book
• Date: 2015

Authors

Guimarães, L (Author) Other; Óscar Afonso (Author) FEP; Vasconcelos, PB (Author) FEP

Conference proceedings International

Title: Dynamics, Games and Science

Pages: 317-326

International Conference and Advanced School Planet Earth, Dynamics, Games and Science II (DGS II)

World Renowned Calouste Gulbenkian Fdn, PORTUGAL, AUG 28-SEP 06, 2013

Indexing

ISI Web of Knowledge - 1 Citation

Other information

Authenticus ID: P-00K-RQE

DOI: 10.1007/978-3-319-16118-1_17

Abstract (EN): This paper extends the Ramsey-Cass-Koopmans (RCK) model by considering both a non constant number of hours worked by each individual through time and leisure, which includes healthcare and creative activities. With this extension, the seminal RCK model can be used to analyse the economic growth effects arising from governmental policies. In this context, governmental expenditures financed by lump-sum taxes and inefficient expenditures lead to a decrease in the short, medium and long-run economic growth.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 10