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File: Endogenous Growth Theory Pdf 128034 | 3632196
On welfare criteria and optimality in an endogenous growth model ∗ † Elena Del Rey and Miguel-Angel Lopez-Garcia April, 2010 Abstract In this paper we explore the consequences for optimality ...

icon picture PDF Filetype PDF | Posted on 13 Oct 2022 | 2 years ago

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...On welfare criteria and optimality in an endogenous growth model elena del rey miguel angel lopez garcia april abstract this paper we explore the consequences for of a social planner adopting two dierent framework analysis is olg with physical human capital rst show that when swf discounted sum individual utilities dened over consumption per unit natural labour precise cardinalization utility function becomes crucial characterization optimum also decentralizing requires education subsidy contrast ecient preferences irrelevant more strikingly along optimal path should be taxed keywords intergenerational transfers ed ucation subsidies jel classication d h universidad de girona spain autonoma barcelona wegratefully acknowledge hospitality core universit e catholique louvain university exeter business school as well nancial support from instituto estudios fiscales spanish ministry science innovation through research grants sej eco generalitat catalunya sgr xrepp gse network are indebted to...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 13 Oct 2022 | 2 years ago
										
										
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