Should public capital be subsidized or provided?
Article Abstract:
The degree of growth and welfare depends on ways public capital is provided. Utilization of an endogenous-growth model revealed that growth and welfare can either be higher or lower than in laissez-faire if goods are provided by the government. On the other hand, growth and welfare tend to be higher than in public provision and in laissez-faire if private suppliers are under government subsidy.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1998
Economic policy, Subsidies, Free enterprise
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1998
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Phillips curves and monetary policy
Article Abstract:
British and US Phillips curves are compared and British curves are examined in relation to monetary policy.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1999
United Kingdom, Economic aspects, United States economic conditions, Phillips curve
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1999
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Subjects list: Analysis, Economics
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