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| Tekijä: | Chen, B-L. |
| Otsikko: | Economic growth with an optimal public spending composition |
| Lehti: | Oxford Economic Papers
2006 : JAN, VOL. 58:1, p. 123-136 |
| Asiasana: | economic growth public expenditure |
| Kieli: | eng |
| Tiivistelmä: | The article uses a single-sector, endogenous growth model to study optimal composition between public investment and consumption in government expenditure and its relationship with economic growth. Assuming a benevolent government which maximizes a representative household's lifetime utilities, the article determines the unique interior public investment share in government's budgets, which is determined by policy and structural parameters, and finds that the conventional determinants of economic growth now generate stronger growth effects, via their indirect impacts upon optimal public spending composition. |
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