A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution
作者： Oliviero Antonio Carboni , Paolo Russu
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摘要: This paper studies the equilibrium dynamics of a growth model with public finance where two different allocations resources are considered. The simultaneously determines optimal shares consumption, capital accumulation, taxes and composition expenditures which maximize representative household's lifetime utilities in centralized economy. analysis supplies closed form solution. Moreover, one restriction on parameters () we fully determine solutions path for all variables conditions balanced growth. Keywords: Growth models; Fiscal policy; Public spending JEL Classifications: E13; H50; H20; O40
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econjournals.com 参考文章(25)
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