Fiscal federalism and economic growth

• 成果类型: Article
• 署名作者: Brueckner, Jan K.
• 署名单位: University of California System; University of California Irvine
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2006.05.003
• 发表日期: 2006
• 页码: 2107-2120
• 关键词: Fiscal federalism; endogenous growth

摘要

This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live in different jurisdictions, increases the incentive to save. This stronger incentive in turn leads to an increase in investment in human capital, and a byproduct of this higher investment is faster economic growth. (c) 2006 Elsevier B.V. All rights reserved.