Fiscal Policy, Long-Run Growth, and Welfare in a Stock-Flow Model of Public Goods
Fiscal Policy, Long-Run Growth, and Welfare in a Stock-Flow Model of Public Goods
复制标题
公共物品存量流动模型中的财政政策、长期增长和福利
DOI：
10.1111/j.0008-4085.2004.00245.x
复制
发表时间：
2004
期刊：
影响因子：
--
通讯作者：
U. Roy
中科院分区：
文献类型：
--
作者：
Sugata Ghosh;U. Roy
我们引入公共资本和公共服务作为内生增长模型的投入。我们表明，增长率取决于税收收入之间的公共资本积累和提供公共服务的分配。当公共支出由比例所得税提供资金时，均衡结果中的增长率、公共支出水平占GDP的比例、公共资本投资水平占公共支出总额的比例以及私人投资水平占私人支出总额的比例都低于最优结果。
We introduce public capital and public services as inputs in an endogenous growth model. We show that the growth rate depends on the apportionment of tax revenues between the accumulation of public capital and the provision of public services. When public spending is financed by proportional income taxes, the growth rate, the level of public spending as a proportion of GDP, the level of investment in public capital as a proportion of total public spending, and the level of private investment as a proportion of total private spending all are lower in the equilibrium outcome than in the optimal outcome.