This paper examines inflationary finance in an open growing economy where the existence of an informal sector distorts ordinary taxation, and where either public services or capital in the public sector is used as an input to private production. Public input is assumed to be rival and...

This paper examines endogenously-growing economies which produce separate goods on the world market, and which can use seigniorage as a means of public finance in order to subsidize the accumulation of human capital.

This paper examines the relationship of growth and collective bargaining, when research and ordinary production employ two labour inputs, the households' saving behaviour is characterized by stochastic returns that follow a Poisson process, and wages are simultaneously determined by collective...