• Publications
  • Influence
Government Spending in a Simple Model of Endogeneous Growth
  • R. Barro
  • Economics
  • Journal of Political Economy
  • 1 May 1988
One strand of endogenous-growth models assumes constant returns to a broad concept of capital. I extend these models to include tax-financed government services that affect production or utility.Expand
Are Government Bonds Net Wealth?
  • R. Barro
  • Economics
  • Journal of Political Economy
  • 1 November 1974
The assumption that government bonds are perceived as net wealth by the private sector is crucial in demonstrating real effects of shifts in the stock of public debt. In particular, the standardExpand
Determinants of Economic Growth: A Cross-Country Empirical Study
Research on economic growth has exploded in the past decade. Hundreds of empirical studies on economic growth across countries have highlighted the correlation between growth and a variety ofExpand
Capital Mobility in Neoclassical Models of Growth
The empirical evidence reveals conditional convergence in the sense that economies grow faster per capita if they start further below their steady-state positions. For a homogeneous group ofExpand
Output Effects of Government Purchases
  • R. Barro
  • Economics
  • Journal of Political Economy
  • 1 December 1981
The theoretical analysis focuses on the distinction between temporary and permanent movements in government purchases. Under plausible conditions, the temporary case involves an output response thatExpand
Public Finance in Models of Economic Growth
The recent literature on endogenous economic growth allows for effects of fiscal policy on long-term growth. If the social rate of return on investment exceeds the private return, then tax policiesExpand
Technological Revolutions
In skill-biased (de-skilling) technological revolutions learning investments required by new machines are greater (smaller) than those required by preexisting machines. Skill-biased (de-skilling)Expand
Crises and Recoveries in an Empirical Model of Consumption Disasters
We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for 24 countries and more than 100 years, and study its implications for assetExpand