BARMAN, TRISHITA RAY; GUPTA, MANASH RANJAN - In: Journal of Public Economic Theory 12 (2010) 6, pp. 1109-1134
This paper attempts to develop a model of endogenous growth with special consideration to the role of productive public expenditure in the presence of congestion effect of private capital and environmental pollution. We analyze the properties of the optimal fiscal policy in the steady-state...