Bishnu, Monisankar; Ghate, Chetan; Gopalakrishnan, Pawan - Volkswirtschaftliche Fakultät, … - 2011
We construct a model of endogenous investment specific techological change in which the stock of public capital … economy. When factor income taxes finance public investment infintely many tax-subsidy combinations can decentralize the … growth rate or welfare. Our framework broadens the environment in which investment specific technological change occurs, and …