In this paper, we put forward a neo-Kaleckian model of growth and dsitribution. We introduce two different types of … equilibrium capacity utilisation and growth. Two different cases are explored: a) the government size is allowed to vary; b) the … Growth Theory. In fact, when capacity is underutilised, and increase in the provision of public capital may reduce the rate …

This paper examines the quantitative implications of government fiscal policy in a discrete-time one-sector growth … that exhibits local indeterminacy, we show that the introduction of a constant capital tax or subsidy can lead to various …, a constant labor tax or subsidy has no effect on the qualitative nature of the model's dynamics. We show that the use of …

This paper examines the quantitative implications of government fiscal policy in a discrete-time one-sector growth … that exhibits local indeterminacy, we show that the introduction of a constant capital tax or subsidy can lead to various …, a constant labor tax or subsidy has no effect on the qualitative nature of the model's dynamics. We show that the use of …

This note reexamines the growth effects of commodity taxation and a manufacturing subsidy. By incorporating endogenous …. Second, a small elasticity of substitution and a small manufacturing subsidy halt economic growth. Third, when the elasticity … of substitution is small and sustained growth is possible, a decrease in the subsidy raises the short-run growth rate and …

GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … welfare sate, cut taxes, and stimulate output growth. We show that the policies chosen by politicians are Pareto suboptimal … in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic …

GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … welfare sate, cut taxes, and stimulate output growth. We show that the policies chosen by politicians are Pareto suboptimal … in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic …

GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … welfare sate, cut taxes, and stimulate output growth. We show that the policies chosen by politicians are Pareto suboptimal … in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic …

This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy …

This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … subject to their specific innovation size. -- public demand ; endogenous technological change ; Schumpeterian growth …

welfare effect of the redistribution. We show that, for parameter values consistent with available estimates, the optimal tax …