BALDUCCI, Renato - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2005
stock. When public expenditure in the households' utility function is considered, a further effect operates to modify the … households consider public expenditure to be useful, I shall show that - whatever the exogenous fiscal policy may be - the growth … investments and public consumption on economic growth are also confirmed in a more general context. As is well-known, public …