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《South China Journal of Economics》 2007-03
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Institution,Infrastructure and Economic Growth

Guangnan Zhang  
This paper build up a production function which including institution factor. By using dynamic program and compared static analysis method, we investigate how institution affect the relationship between infrastructure and economic growth. As is found in this paper, that how much infrastructure can contribute to economic growth depends on what level the institution is. And both marginal product of capital and optimal tax rate are affect by institution. Moreover, if the institution is better, in the equilibrium state, per consumption will be larger with less per capital input.
【Fund】: 中山大学“985工程”港澳研究哲学社会科学创新基地“港澳经济研究”项目的阶段性成果;; 中山大学二期“985工程”国际合作与交流项目博士生国际访学研究项目的资助
【CateGory Index】: F061.2
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