haku: @indexterm open economy / yhteensä: 204
viite: 87 / 204
| Tekijä: | Turnovsky, S. |
| Otsikko: | Fiscal policy, growth, and macroeconomic performance in a small open economy |
| Lehti: | Journal of International Economics
1996 : FEB, VOL. 40:1/2, p. 41-66 |
| Asiasana: | POLICY GROWTH OPEN ECONOMY |
| Kieli: | eng |
| Tiivistelmä: | This paper develops an endogenous growth model of a small open economy. Domestic capital accumulation involves convex costs of adjustment, a consequence of which is that no steady-state growth path may exist. The equilibrium growth rates of domestic capital and consumption are determined largely independently. The former is determined by production conditions, the latter is determined primarily by tastes. Various fiscal issues are discussed, beginning with the effects of taxes on growth and welfare. |
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