Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10009513028
Persistent link: https://www.econbiz.de/10001252221
Persistent link: https://www.econbiz.de/10001378051
Persistent link: https://www.econbiz.de/10010219718
Persistent link: https://www.econbiz.de/10003944407
Persistent link: https://www.econbiz.de/10003120510
In this paper we present an endogenous growth model with public capital, public debt and where real wages are either flexible or rigid due to labor market imperfections. With flexible wages, a balanced budget scenario yields the highest balanced growth rate. Further, simulations suggest that...
Persistent link: https://www.econbiz.de/10012712481
Persistent link: https://www.econbiz.de/10014566517
In this article we present an endogenous growth model with productive public investment in infrastructure capital. Further, we suppose that the government pays lump-sum transfers to the household and subsidizes private investment. First, we demonstrate that there exists a unique balanced growth...
Persistent link: https://www.econbiz.de/10014215629
The paper presents and estimates an endogenous growth model with public capital. In contrast, however, to recent studies on economic growth and policy, we allow for capital market borrowing by the government. Since the behavior by the government (tax rates, spending and borrowing) does not...
Persistent link: https://www.econbiz.de/10014158875