. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …

. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …

. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …

This paper analyzes the effects of distortionary taxes on growth and welfare in an endogenous growth model with a … cumulative welfare losses in the short run associated with transitional dynamics, and that it takes many years -- a generation … -- before the benefits, or cumulative welfare gains, from a shift to the less distortionary tax regime are realized. The …

we find that economies with low congestion in public infrastructure, in which the rise in output is high, will require a …

This paper examines the effects of government spending on infrastructure within an endogenous growth model populated by …

. This approach neglects the impact of infrastructure on some dimensions of social welfare, such as pollution. The second …Three main approaches can be used to assess infrastructure performance. The first employs macro-econometric techniques … to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth-maximising level …

. This approach neglects the impact of infrastructure on some dimensions of social welfare, such as pollution. The second …Three main approaches can be used to assess infrastructure performance. The first employs macro-econometric techniques … to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth-maximising level …