search query: @indexterm taxation / total: 1872
reference: 83 / 1872
| Author: | Agenor, P-R. |
| Title: | Fiscal policy and endogenous growth with public infrastructure |
| Journal: | Oxford Economic Papers
2008 : JAN, VOL. 60:1, p. 57-87 |
| Index terms: | labour markets education fiscal policy taxation infrastructures service models |
| Language: | eng |
| Abstract: | Optimal tax and spending allocation rules are derived in an endogenous growth model where raw labour must be educated to become productive and infrastructure (here as: i-strct.) services (as: srvs.) affect the schooling (as: s-lng.) technology. Growth- and welfare-maximizing solutions are compared under non-separable utility in consumption and government-provided srvs. Among other results, it is shown that the optimal share of spending on i-strct. depends on production elasticities and also on the quality of s-lng. and the degree to which i-strct. srvs. affect the production of educated labour. |
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