haku: @indexterm FISCAL POLICY / yhteensä: 505
viite: 21 / 505
| Tekijä: | Agenor, P-R. |
| Otsikko: | Fiscal policy and endogenous growth with public infrastructure |
| Lehti: | Oxford Economic Papers
2008 : JAN, VOL. 60:1, p. 57-87 |
| Asiasana: | labour markets education fiscal policy taxation infrastructures service models |
| Kieli: | eng |
| Tiivistelmä: | 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. |
SCIMA