Munich Personal RePEc Archive

El sector público y el cambio tecnológico

Rivas-Aceves, Salvador (2013): El sector público y el cambio tecnológico. Forthcoming in: Revista Políticas Públicas , Vol. 1, (2013): pp. 73-96.

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In this paper we study the impact on growth due to a technological change generated by the government. At the beginning the required main conditions to create new technologies are defined and the conditions for the macroeconomic equilibrium are established. Under a deterministic model the effects of the government’s participation on growth are examined and then the optimal government expenditure that maximizes the agent’s wealth is found. Moreover in a stochastic model the government’s participation into the economic activities through generating new technologies are studied; specifically there is a positive impact on growth and wealth from technological change induced by the government spending.

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