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Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences

Aizenman, Joshua - 2007

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...

Persistent link: https://www.econbiz.de/10012777949

Princes and merchants: European city growth before the industrial revolution

DeLong, James Bradford; Shleifer, Andrei - 1993

Persistent link: https://www.econbiz.de/10000855469

Fetters of debt, deposit, or gold during the Great Depression? : The international propagation of the banking crisis of 1931

Richardson, Gary; VanHorn, Patrick - 2007

Persistent link: https://www.econbiz.de/10003442582

Tariffs, trains, and trade : the role of institutions versus technology in the expansion of markets

Keller, Wolfgang; Shiue, Carol H. - 2008

setting of 19th century Europe presents a unique opportunity to address this issue, since it witnessed fundamental change in … markets in 19th century Europe is in major part due to the transportation revolution in form of the railways. There is …