Abstract

RAMIREZ CEDILLO, Eduardo. La política fiscal desde una perspectiva de crecimiento endógeno, equilibrio presupuestal y fluctuaciones de corto plazo. Prob. Des [online]. 2008, vol.39, n.152, pp.113-137. ISSN 0301-7036.

The relationship between fiscal policy (FP) and economic growth has been dealt with using a theoretico-practical corpus known as "models of endogenous growth (MEG), which assumes that FP can affect growth, as long as the instruments for applying spending and the inflow of resources carry certain characteristics. On the spending side, it is thought that some kinds of outlay are productive and others are not, while on the income side it is assumed that incomes can either be distortional or non-distortional. Although the present document agrees with some of the views postulated by MEG, it diverges from it due to its lack of attention to the possibility that FP can result in a deficit, looking basically at a context of public finance in equilibrium.

Keywords : fiscal policy; models of endogenous growth; government spending; public income; budget deficit.