𝔖 Bobbio Scriptorium
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Fertility, growth and the financing of public education and health

✍ Scribed by Theodore Palivos; Carol A. Scotese


Publisher
Springer
Year
1996
Tongue
English
Weight
823 KB
Volume
9
Category
Article
ISSN
0933-1433

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A theoretical model is constructed in order to explain particular historical experiences in which inflation acceleration apparently helped to spur a period of economic growth. Government financed expenditures affect positively the productivity growth in this model so that the distortionary effect of