Growth strategies: Fiscal versus institutional policies

Research output: Journal contributionsJournal articlesResearchpeer-review

Standard

Growth strategies: Fiscal versus institutional policies. / Ott, Ingrid; Soretz, Susanne.
In: Economic Modelling, Vol. 25, No. 4, 01.07.2008, p. 605-622.

Research output: Journal contributionsJournal articlesResearchpeer-review

Harvard

APA

Vancouver

Ott I, Soretz S. Growth strategies: Fiscal versus institutional policies. Economic Modelling. 2008 Jul 1;25(4):605-622. doi: 10.1016/j.econmod.2007.10.008

Bibtex

@article{000521f82657469a8c1c5f9513be4c9a,
title = "Growth strategies: Fiscal versus institutional policies",
abstract = "This paper analyzes the growth impact of fiscal and institutional policies for alternative sizes of regions. The local government provides a public input that may be subject to relative congestion thus reducing its individual availability. Then private capital productivity is affected by the number of firms utilizing the governmental input. Institutional policies include the decision about the type of public input while fiscal policies decide on its extent. Private capital accumulation incurs adjustment costs that depend upon the ratio between private and public investment. After deriving the decentralized equilibrium, fiscal and institutional policies as well as their interdependencies and welfare implications are discussed. Due to the feedback effects both policies may not be determined independently. It is shown that depending on the region's size a certain type of the public input maximizes growth.",
keywords = "Economics, Adjustment costs, Congested public inputs, Fiscal and institutional policies, Regional growth",
author = "Ingrid Ott and Susanne Soretz",
year = "2008",
month = jul,
day = "1",
doi = "10.1016/j.econmod.2007.10.008",
language = "English",
volume = "25",
pages = "605--622",
journal = "Economic Modelling",
issn = "0264-9993",
publisher = "Elsevier B.V.",
number = "4",

}

RIS

TY - JOUR

T1 - Growth strategies

T2 - Fiscal versus institutional policies

AU - Ott, Ingrid

AU - Soretz, Susanne

PY - 2008/7/1

Y1 - 2008/7/1

N2 - This paper analyzes the growth impact of fiscal and institutional policies for alternative sizes of regions. The local government provides a public input that may be subject to relative congestion thus reducing its individual availability. Then private capital productivity is affected by the number of firms utilizing the governmental input. Institutional policies include the decision about the type of public input while fiscal policies decide on its extent. Private capital accumulation incurs adjustment costs that depend upon the ratio between private and public investment. After deriving the decentralized equilibrium, fiscal and institutional policies as well as their interdependencies and welfare implications are discussed. Due to the feedback effects both policies may not be determined independently. It is shown that depending on the region's size a certain type of the public input maximizes growth.

AB - This paper analyzes the growth impact of fiscal and institutional policies for alternative sizes of regions. The local government provides a public input that may be subject to relative congestion thus reducing its individual availability. Then private capital productivity is affected by the number of firms utilizing the governmental input. Institutional policies include the decision about the type of public input while fiscal policies decide on its extent. Private capital accumulation incurs adjustment costs that depend upon the ratio between private and public investment. After deriving the decentralized equilibrium, fiscal and institutional policies as well as their interdependencies and welfare implications are discussed. Due to the feedback effects both policies may not be determined independently. It is shown that depending on the region's size a certain type of the public input maximizes growth.

KW - Economics

KW - Adjustment costs

KW - Congested public inputs

KW - Fiscal and institutional policies

KW - Regional growth

UR - http://www.scopus.com/inward/record.url?scp=43849092484&partnerID=8YFLogxK

U2 - 10.1016/j.econmod.2007.10.008

DO - 10.1016/j.econmod.2007.10.008

M3 - Journal articles

VL - 25

SP - 605

EP - 622

JO - Economic Modelling

JF - Economic Modelling

SN - 0264-9993

IS - 4

ER -