Government spending on infrastructure in an endogenous growth model with finite horizons

Article Abstract:

A study was conducted on the effects of spending on government infrastructure projects using a model with finite horizons. Results showed that an optimal relationship between infrastructure spending and long term growth rate existed. The increase in government spending results to a higher level of taxation which causes a significant decline in public consumption. Lower consumption, in turn, lowers the national economic growth rate.

Infrastructure (Economics), Government spending policy, Consumption (Economics), Taxation

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The business cycle in the G-7 economies

Article Abstract:

To decompose real GDP for G7 countries into cyclic and trend components, the Hodrick-Prescott filter is used. The results revealed that the patterns of cyclic behaviour changed following the oil price shocks in the 1970's.

Science & research, Scientific Research and Development Services, Development, Economic Programs-Total Govt, Administration of Economic Programs, Business cycles, Group of 7, Decomposition (Mathematics), Error functions

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Can openness help make a miracle?

Article Abstract:

Models of economic growth are evaluated. A relationship of openness to international trade and economic growth is postulated, and its effects on traditional theoretical models are examined.

United States, International trade

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