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:	2011
Authors:	Gong, Liutang ; Zou, Heng-fu
Institutions:	China Economics and Management Academy, Central University of Finance and Economics (CUFE)
Subject:	Fiscal federalism \| Public expenditures \| Public capital \| Taxes \| Federal transfers \| Endogenous growth

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Extent:	application/pdf
Series:	CEMA Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Annals of Economics and Finance, Society for AEF, vol. 4(2), pages 471-490, November. Number 488 20 pages
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/10009246586