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...

This paper attempts to develop a model of endogenous growth with special focus on the role of health capital, public infrastructure and environmental pollution. It is an extension of the model of Agenor (2008) who does not consider environmental pollution. We analyze properties of optimal fiscal...

A Two sector fair wage model has been considered. It is shown that an exogenous inflow of foreign capital has no effect on unemployment; and the Brecher-Alejandro(1977) proposition remains valid in its original form when the efficiency function is similar to that of Aell and Lundbrg (1992,...