Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/30411

TitleInnovation economy, productive public expenditure and economic growth
Author(s)Afonso, Óscar
Monteiro, Sara
Thompson, Maria João Ribeiro
Issue date2014
PublisherWiley
JournalMetroeconomica
Abstract(s)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.
TypeArticle
URIhttp://hdl.handle.net/1822/30411
DOI10.1111/meca.12054
ISSN1467-999X
Publisher versionhttp://onlinelibrary.wiley.com/doi/10.1111/meca.12054/abstract
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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