The Resource Fiscal policy and adjustment costs of private investment in an endogenous growth model with public capital

Fiscal policy and adjustment costs of private investment in an endogenous growth model with public capital

Label
Fiscal policy and adjustment costs of private investment in an endogenous growth model with public capital
Title
Fiscal policy and adjustment costs of private investment in an endogenous growth model with public capital
Creator
Subject
Language
eng
Summary
This paper develops an endogenous growth model with public capital and examines the growth and welfare effects of a fiscal policy that is financed by corporate taxation. In the model, the investment decision-making of competitive firms is incorporated by considering the adjustment costs of private investment. The article shows that there arises an indeterminacy of the balanced growth path. Furthermore, it is demonstrated that growth-maximizing policy is not equivalent to welfare-maximizing policy on the balanced growth path
Citation source
In: FinanzArchiv. - Tübingen. - Vol. 62 (2006),
http://library.link/vocab/creatorName
Tamai, T
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • tax policy
  • private investment
Label
Fiscal policy and adjustment costs of private investment in an endogenous growth model with public capital
Instantiates
Publication
Label
Fiscal policy and adjustment costs of private investment in an endogenous growth model with public capital
Publication

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