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Public Capital Maintenance and Congestion : Long-Run Growth and Fiscal Policies
Dioikitopoulos, Evangelos V. - 2006
we find that economies with low congestion in public infrastructure, in which the rise in output is high, will require a …
Persistent link: https://www.econbiz.de/10012733233
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Optimal Fiscal Policy, Public Capital, and the Productivity Slowdown
Cassou, Steven P.; Lansing, Kevin J. - 1998
This paper: (1) shows that optimal transition dynamics in a simple endogenous growth model can account for much of the behavior of the stock of public capital in the U.S. economy over the last 70 or so years; (2) shows that the observed decline in the U.S. ratio of public to private capital...
Persistent link: https://www.econbiz.de/10014220660
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Optimal Fiscal Policy, Public Capital and the Productivity Slowdown
Lansing, Kevin J.; Cassou, Steven P. - 1997
This paper develops a quantitative theoretical model for the optimal provision of public capital. We show that the ratio of public to private capital in the U.S. economy since 1925 evolves in a manner that is broadly consistent with an optimal transition path derived from a simple growth model....
Persistent link: https://www.econbiz.de/10014207159
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Productive government expenditure and economic growth
Irmen, Andreas; Kuehnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10003747332
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Public expenditure policy in Bolivia : growth and welfare
Machicado, Carlos Gustavo; Estrada, Paul; Flores … - 2010
increasing public investment in infrastructure. This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model for a …. -- Fiscal Policy ; Infrastructure ; Multisector Growth Model …
Persistent link: https://www.econbiz.de/10008664523
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Is Fiscal Policy Alone Enough for Growth? A Simulation Analysis for Bolivia
Machicado, Carlos Gustavo - 2018
This paper develops a dynamic stochastic general equilibrium (DSGE) model to analyze the growth effects of fiscal policy in Bolivia. It is a multi-sector model with five representative sectors for the Bolivian economy: Non-tradables, importables, hydrocarbons, mining and agriculture. Public...
Persistent link: https://www.econbiz.de/10012940440
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Long-Run Growth Versus Welfare : The Importance of Transitional Dynamics When Assessing Alternative Fiscal Policies
Atolia, Manoj - 2011
This paper analyzes the effects of distortionary taxes on growth and welfare in an endogenous growth model with a public capital externality. The model is calibrated to the U.S. economy, and experiments are run under which the tax regime is shifted from the current mix of capital income, labor...
Persistent link: https://www.econbiz.de/10012713945
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Productive Government Expenditure and Economic Growth
Irmen, Andreas; Kuehnel, Johanna - 2021
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10013316522
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Fiscal Policy and Productivity Growth in the OECD
Cassou, Steven P.; Lansing, Kevin J. - 1999
We use a simple endogenous growth model with productive public capital to investigate the degree to which observed fiscal policies in eight OECD countries can account for slowdowns in the growth rates of aggregate labor productivity since 1970. In model simulations, we find that none of the...
Persistent link: https://www.econbiz.de/10014200464
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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure … types of infrastructure spending and linkages between the final and intermediate goods sectors. We find that infrastructure … multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income …
Persistent link: https://www.econbiz.de/10012801569