Fiscal Federalism, Public Capital Formation, and Endogenous Growth

This paper extends the Barro (1990) growth model with one aggregate government spending and one flat income tax to include federal and local public consumption, federal and local public capital formation, federal and local taxes, and federal transfers to locality. It derives the rate of endogenous growth and examines how the growth rate and welfare respond to changes in federal taxes, local taxes, and federal transfers.

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Year of publication:	2003
Authors:	Gong, Liutang ; Zou, Heng-fu
Published in:	Annals of Economics and Finance. - China Economics and Management Academy, ISSN 1529-7373. - Vol. 4.2003, 2, 9, p. 471-490
Publisher:	China Economics and Management Academy
Subject:	Fiscal federalism \| Public expenditures \| Public capital \| Taxes \| Federal transfers \| Endogenous growth

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E0 - Macroeconomics and Monetary Economics. General ; G1 - General Financial Markets ; H0 - Public Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009150904