연구정보
Public expenditure and economic growth in Algeria approach optimal control model
알제리 국외연구자료 기타 - MPRA 발간일 : 2015-12-22 등록일 : 2015-12-29 원문링크
Abstract
In this paper, an optimal control model is used to analyze the permanent effect of public expenditure on national income and its components in Algeria. Optimal paths of these variables are designed by using the algorithm developed by Kendrick (1982). The dynamics of long-run outcome of the simulations require generally an effort of sustainability by public spending; i.e a sustainability that should strengthen the supply for establishes an endogenous growth dynamic.