Long-run growth and welfare effects of ublic policies with distortionary taxation

Article Abstract:

Balanced growth rate determines the percentage of government revenues that goes to infrastructure. This paper finds that with distortionary taxes, the growth maximizing tax rate on capital goes higher as the elasticity of substitution between private and public inputs goes lower.

United States, Statistical Data Included, Evaluation, Influence, Taxation, Elasticity (Economics)

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Productive government expenditures and long-run growth

Article Abstract:

Recent developments in endogenous growth models include the analysis of the growth effects of productive government spending in dynamic equilibrium models. This is done by using a simple overlapping generations model to illustrate the role of taxes and spending. Other related issues are studied, including nonrivalry in publicly provided goods, endogenous public policy and ways of financing public expenditures.

Research, Government spending policy, Expenditures, Public, Public expenditures

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Competitive equilibrium and public investment plans

Article Abstract:

A study investigated a one-sector, neoclassical capital accumulation growth model where public infrastructure/capital is an external input to aggregate, private production functions. Infrastructure is treated as a pure public good. An analysis was made of a competitive equilibrium where households and firms assume public policies as being exogenously given. It was demonstrated that the Euler equations and the transversality condition are necessary and adequate enough to describe the competitive equilibrium allocations.

Public investments, Equilibrium (Economics)

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