Public deficits and economic growth

• Tipo: Artigo em Revista Científica Internacional
• Data: 2009

Autores

afonso, o (Autor) FEP; alves, rh (Autor) FEP; vasconcelos, pb (Autor) FEP

Revista

Título: Economic Modelling

Vol. 26 Nº 5

Páginas: 1101-1109

ISSN: 0264-9993

Editora: Elsevier

Indexação

ISI Web of Knowledge - 2 Citações

ISI Web of Science

Scopus - 2 Citações

Classificação Científica

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-003-G13

DOI: 10.1016/j.econmod.2009.04.008

Abstract (EN): Considering an integrated area, this paper deals with the balance between the positive effects in the degree of economic cohesion resulting from R&D subsidies, temporarily granted from an imitator and less developed country, and the external negative effects arising from the eventual creation of excessive public deficits. We propose and numerically solve a model of a monetary union between two countries, one being innovator and the other imitator. Results suggest the pertinence of allowing for a temporary differentiation of fiscal discipline rules in favour of the less developed country. R&D subsidies granted by this country seem to lead to an easier catching-up without producing important negative external effects, also as not hurting severely the conditions for long-run sustainability of public accounts.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 9