The impact of public goods and services and public R&D on the non-observed economy size, wages inequality and growth

• Tipo: Artigo em Revista Científica Internacional
• Data: 2012

Autores

Óscar Afonso (Autor) FEP

Revista

Título: Economic Modelling

Vol. 29 Nº 5

Páginas: 1996-2004

ISSN: 0264-9993

Editora: Elsevier

Indexação

ISI Web of Knowledge - 3 Citações

ISI Web of Science

Scopus - 5 Citações

Econlit

Classificação Científica

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-002-65K

DOI: 10.1016/j.econmod.2012.06.003

Abstract (EN): We develop a general equilibrium endogenous growth model in which final goods can be produced either in the Non-Observed Economy (NOE) or in the Official Economy (OE). In particular, by solving transitional dynamics numerically towards the unique and stable steady state, we show that, by affecting the technological-knowledge bias in favour of the OE, productive public goods and services and public policies promoting R&D explain the simultaneous rise in the OE size, the wage premium in favour of OE workers and the economic growth rate. These results are mainly in line with empirical evidence for developed countries, since the 1990s.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 9