Add to ORKGIn an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under laissez-faire. By contrast, if the government subsidizes private providers, not only are growth and welfare higher than under public provision, they are also unambiguously higher than under laissez-faire. Forthcoming 1998. Journal of Monetary Economics.Public Capital; Subsidy; Taxes; Public Provision
Some concepts associated with the notion of public consumption could be considered as wasteful publi...
We present a model of endogenous growth in which government consumption and production services are ...
High capital spending is favored by economists and politicians for its beneficial effects on economi...
In an endogenous-growth model, we consider alternative ways of providing public capital using distor...
In an endogenous-growth model, we consider alternative ways of providing public capital using distor...
In an infinitely-lived framework, taxing capital income may be growth and welfare enhancing when it ...
This paper tackles the fundamental issue in public finance of wether taxing or subsidizing factor re...
In an infinitely-lived framework, taxing capital income may be growth and welfare enhancing when it ...
This paper develops a two sector model of endogenous economic growth with public capital where priva...
Some concepts associated with the notion of public consumption could be considered as wasteful publi...
An endogenous growth model is presented in which productive government expenditure takes the form of...
In this paper we present an endogenous growth model to analyze the growth maximizing allocation of p...
We construct a model of endogenous investment specific techological change in which the stock of pub...
This paper develops on a Solow type of model where the government as introduced as a decision maker....
We examine the impact of fiscal policy on macroeconomic performance and welfare when public capital...
Some concepts associated with the notion of public consumption could be considered as wasteful publi...
We present a model of endogenous growth in which government consumption and production services are ...
High capital spending is favored by economists and politicians for its beneficial effects on economi...
In an endogenous-growth model, we consider alternative ways of providing public capital using distor...
In an endogenous-growth model, we consider alternative ways of providing public capital using distor...
In an infinitely-lived framework, taxing capital income may be growth and welfare enhancing when it ...
This paper tackles the fundamental issue in public finance of wether taxing or subsidizing factor re...
In an infinitely-lived framework, taxing capital income may be growth and welfare enhancing when it ...
This paper develops a two sector model of endogenous economic growth with public capital where priva...
Some concepts associated with the notion of public consumption could be considered as wasteful publi...
An endogenous growth model is presented in which productive government expenditure takes the form of...
In this paper we present an endogenous growth model to analyze the growth maximizing allocation of p...
We construct a model of endogenous investment specific techological change in which the stock of pub...
This paper develops on a Solow type of model where the government as introduced as a decision maker....
We examine the impact of fiscal policy on macroeconomic performance and welfare when public capital...
Some concepts associated with the notion of public consumption could be considered as wasteful publi...
We present a model of endogenous growth in which government consumption and production services are ...
High capital spending is favored by economists and politicians for its beneficial effects on economi...