Abstract

HERNANDEZ MOTA, José Luis. Inversión pública y crecimiento económico: Hacia una nueva perspectiva de la función del gobierno. Econ: teor. práct [online]. 2010, n.33, pp.59-95. ISSN 2448-7481.

In the paper is intended to show savings is not a prerequisite to generate wealth through his pipe investment. On the contrary, analyses and builds a model whose principle lies in the proposition that wealth does not depend on the way former before, but of public policies and private actions to create conditions conducive to productive investment savings generating capacity. In this sense, is introduced to the productive public expenditure to show that it will not generate wealth insofar as it does not contribute to increase profitable investment opportunities, therefore, public spending policy avoid their waste in unprofitable uses as financing to increased consumption, public and/or private, and instead, is intended for the promotion of advantageous for productive investment, public or private, no substitutive.

Keywords : economic growth; wealth; public investment; expenditure public productive.