Add to ORKGThis paper shows that adopting a golden rule does not guarantee that public investment will improve economic outcomes. Our results suggest that only when the rate of return on public capital is greater than the cost of public borrowing, expanding public investment is bene\u85cial. Otherwise, both macroeconomic stability and debt sustainability are compromised. As such, we argue that policy-makers should prioritise the productivity of public investment rather than its level
Greiner A, Semmler W. An endogenous growth model with public capital and government borrowing. In: ...
In this paper, we compare growth and welfare effects of various budget rules within an endogenous gr...
A multi-sector growth model is developed where public spending affects output in one of two ways. Fi...
This paper examines the effects of three alternative rules for public investment on output growth in...
One strand of the literature on endogenous growth concerns models in which pub-lic infrastructure a¤...
An endogenous growth model is presented in which productive government expenditure takes the form of...
This paper analyzes the dynamics of public debt in a simple two-period overlapping generations model...
In dynamic settings with public capital, it is common to assume that the government claims a constan...
This paper analyzes the effect of public capital on the optimal and steady-state growth. We incorpor...
This paper analyzes the dynamics of public debt in a simple two-period overlapping-generations model...
One strand of the literature on endogenous growth concerns models in which pub- lic infrastructure a...
International audienceIn this paper, we look for long-run and short-run effects of fiscal deficits o...
First, there is the question of whether a permanent increase in public investment induces a permanen...
This paper introduces two forms of interaction between private and public capital in an endogenous g...
The paper aims to verify the introduction of the golden rule of public finance under an active monet...
Greiner A, Semmler W. An endogenous growth model with public capital and government borrowing. In: ...
In this paper, we compare growth and welfare effects of various budget rules within an endogenous gr...
A multi-sector growth model is developed where public spending affects output in one of two ways. Fi...
This paper examines the effects of three alternative rules for public investment on output growth in...
One strand of the literature on endogenous growth concerns models in which pub-lic infrastructure a¤...
An endogenous growth model is presented in which productive government expenditure takes the form of...
This paper analyzes the dynamics of public debt in a simple two-period overlapping generations model...
In dynamic settings with public capital, it is common to assume that the government claims a constan...
This paper analyzes the effect of public capital on the optimal and steady-state growth. We incorpor...
This paper analyzes the dynamics of public debt in a simple two-period overlapping-generations model...
One strand of the literature on endogenous growth concerns models in which pub- lic infrastructure a...
International audienceIn this paper, we look for long-run and short-run effects of fiscal deficits o...
First, there is the question of whether a permanent increase in public investment induces a permanen...
This paper introduces two forms of interaction between private and public capital in an endogenous g...
The paper aims to verify the introduction of the golden rule of public finance under an active monet...
Greiner A, Semmler W. An endogenous growth model with public capital and government borrowing. In: ...
In this paper, we compare growth and welfare effects of various budget rules within an endogenous gr...
A multi-sector growth model is developed where public spending affects output in one of two ways. Fi...