Aprendizaje en la práctica, gasto público y crecimiento económico: un modelo a la matsuyama-barro

Abstract

Learning-by-doing and external effects from public spending are well-known
engines of long-run economic growth. The interaction of these engines has not
been analyzed yet. This paper aims at filling this vacuum by combining the approaches of Matsuyama (1991) and Barro (1990). In the ensuing model, industrialization and growth are directly related. The State may play a role in industrialization by adopting an optimal fiscal policy and by improving its efficiency. There is also room for industrial policies that leads to an optimal allocation of resources. The latter possibility is obviously contradictory to an open commercial regime that leads to deindustrialization.