INNOVATION ECONOMY, PRODUCTIVE PUBLIC EXPENDITURE AND ECONOMIC GROWTH

• Type: Article in International Scientific Journal
• Date: 2014

Authors

Óscar Afonso (Author) FEP; Monteiro, S (Author) Other; Thompson, M (Author) Other

Journal

Title: Metroeconomica

Vol. 65

Pages: 671-689

ISSN: 0026-1386

Publisher: Wiley-Blackwell

Indexing

ISI Web of Knowledge - 5 Citations

Scopus - 5 Citations

Other information

Authenticus ID: P-009-W8H

DOI: 10.1111/meca.12054

Abstract (EN): Multidisciplinary innovation is the main engine of growth for an increasing number of economies. Innovation requires the participation of and interaction between all economic agents. It also requires public spending on education, research and infrastructures. Our main goal is to emphasize the government's role in a growing innovation economy. Developing a non-scale, idea-based, one-sector growth model with complementarities and productive public expenditure, we analyse theoretically the growth effects of an increase in productive public expenditure, which we find positive in the short, medium and long run.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 19