A RELATIONSHIP BETWEEN EXTERNAL PUBLIC DEBT AND ECONOMIC GROWTH
An endogenous growth model with two goods, tradable (manufactur- ing) and non-tradable (non-manufacturing) is presented. Domestic technological knowledge is produced only in the tradable sector. This knowledge overflows into the non-tradable sector. The government is- sues external debt to finance p...
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| Format: | Article |
| Language: | English |
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El Colegio de México, A.C.
2015-01-01
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| Series: | Estudios Económicos |
| Online Access: | http://www.redalyc.org/articulo.oa?id=59744856002 |