This paper analyzes the growth impact of fiscal and institutional policies for alternative sizes of regions. The local government provides a public input that may be subject to relative congestion thus reducing its individual availability. Then private capital productivity is affected by the...

This paper employs a dynamic framework to compare the effects of alternative government policies on convergence of industrialized economies to the technology frontier. The government's instruments include facilitating private investment and education policy. The latter enhances skills of...

This paper analyzes the dynamic impact of tax cuts within a stochastic model of endogenous growth with a congested public input. A decreasing taxation of deterministic income parts leads to the well-known positive growth effect. Nevertheless, due to the insurance effect associated with the...

This paper analyzes, within a regional growth model, the impact of a productive governmental input and integration on the spatial distribution of economic activity. In doing so, two benchmark cases (i) equal distribution, and (ii) agglomeration in the sense of a core-periphery structure as well...

This paper analyses the question of whether discretionary environmental policy or binding policy rules are more capable of promoting individual abatement activity. An endogenous growth model is considered where pollution is essential for production and causes disutility. Accidental pollution...