Institutional Technology and Economic Growth

An endogenous model of constitutional changes and economic growth links the temporal decline in private market returns when technology is constant with the returns to rule changes realized in a political market. There is a steady state constitutional setting in which all rule changes have been incor...

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Veröffentlicht in:	Public choice 1995-01, Vol.82 (1/2), p.17-36
Hauptverfasser:	Porter, Philip K., Scully, Gerald W.
Format:	Artikel
Sprache:	eng
Schlagworte:	Cash payments Economic Growth Economic growth models Economic policy Efficiency Growth models Income distribution Law Marginal products Neoclassical growth model Opportunity costs Organization Political revolutions Private sector Production functions Public sector Real income Sanctions Society State Technological change Technology United States Wealth effect
Online-Zugang:	Volltext
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