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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
, unanticipated delays in the provision of public capital generate too much consumption and too little private investment relative to … public goods, a social planner allocates more resources to private investment and less to consumption relative to the first …
Persistent link: https://www.econbiz.de/10011602807
We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium …
Persistent link: https://www.econbiz.de/10011810615
We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of …
Persistent link: https://www.econbiz.de/10012981295
We construct a dynamic model to study the interaction between households' investment decisions, their voting strategies …, and government's choice of fiscal policy. Our purposes are threefold. First, we provide a theory of the beneficial effects …
Persistent link: https://www.econbiz.de/10014160848
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … consumption, the less debt is accumulates. We extend the analysis to redistributive policies and political shocks. The theory …
Persistent link: https://www.econbiz.de/10014049381
The free public services doctrine (also known as the municipal cost recovery rule) states that a government entity may not recover from a tortfeasor the costs of public services occasioned by the tortfeasor's wrongdoing. This article traces the history of the doctrine and argues for its...
Persistent link: https://www.econbiz.de/10014115182
Altruism, giving and pro-social conduct, and reciprocity, are the basis of the existence and performance of societies, through their various occurrences: in families; among the diverse motives of the political and public sector; as the general respect and moral conduct which permit life in...
Persistent link: https://www.econbiz.de/10014023682
We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that...
Persistent link: https://www.econbiz.de/10010261331
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/10011422176