Munich Personal RePEc Archive

Efectos macroeconómicos del capital público en el crecimiento económico

Hernández Mota, José Luis (2009): Efectos macroeconómicos del capital público en el crecimiento económico. Published in: Política y Cultura No. 34 (October 2010): pp. 239-263.

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This paper assesses the macroeconomic effects of public expenditure on the behavior of the firms and the demand of the factors of production in an economy to determine if the public infrastructure is un input more (next to the labor and stock of private capital) in the determination of the degree of use of the productive capacity or in the existence of effects on scale in the economy. In this sense, it is considered to elaborate a model where it is introduced to the governmental capital in the decision making of the firms of an economy like its degree of complementariness with the private capital.

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