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Title:Fiscal federalism and economic growth PDF Logo
Authors:Brueckner, Jan Keith
Issue Date:2005
Series/Report no.:CESifo working papers 1601
Abstract:This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live in different jurisdictions, increases the incentive to save. This stronger incentive in turn leads to an increase in investment in human capital, and a byproduct of this higher investment is faster economic growth.
JEL:H70
H10
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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