Collaborative Research on Public Policy and Growth

9321325马努内利该项目由三个专题组成，均与公共政策和经济增长之间的关系有关。第一个重点是集体选择机制在执行在增长背景下决定污染的政策方面的有效性。争论的焦点是，与发展进程相关的收入增加是否会导致更严格的环境控制。在分析这一问题的过程中，分析了污染效应的不可逆性的后果及其对福利代际分配的影响。一个相关的问题是自由贸易对总体污染水平的影响，以及它在各国之间的分配。具体兴趣在于了解转向自由贸易的短期影响和发展过程对“污染交易”的动态影响。第二个主题涉及专利、版权和商业秘密法等保护产权的制度设计对创新激励的影响以及对整体经济发展速度的影响。第三个专题分析了不稳定因素对经济增速的影响。要调查的问题之一是，不稳定的税收和支出政策通过对投资的影响，对平均增长水平的影响。***

9321325 Manuelli This project consists of three topics all concerned with the relationship between public policy and economic growth. The first focuses on the effectiveness of collective choice mechanisms in implementing policies that determine pollution in a growth context. At issue is whether or not the rising income associated with the process of development will result in more stringent environmental controls. In the process of analyzing this issue, the consequences of the irreversibility of pollution effects and the impact on the intergenerational distribution of welfare are analyzed. A related issue is the effect of free trade both on the overall level of pollution, as well as its allocation across countries. Specific interest is focused on understanding both the short-run effect of a switch to free trade and the dynamic impact that the development process has on "pollution trading" The second topic concerns the effects of the design of systems to protect property rights such as patents, copyrights, and trade secret laws on the incentives to innovate and the consequences for the overall rate of development of the economy. The third topic analyzes the effect of instability on the growth rate of the economy. Among the issues to be investigated is the impact of volatile tax and spending policies on the average level of growth through the effect on investment. ***