Fiscal policy in an endogenous-growth model with public investment: A note |
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| Authors: | Alfred Greiner |
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| Institution: | (1) Present address: Department of Economics, University of Augsburg, D-86135 Augsburg, Germany |
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| Abstract: | This note extends the basic endogenous-growth model by Barro Journal of Political Economy (1990) 98: S103–S125]. It is supposed that the government pays lump-sum transfers to the representative household or levies a lump-sum tax, besides financing public investment. Growth and welfare effects of fiscal policy are studied for the competitive economy and the growth rate of the social optimum is compared with the one of the competitive economy. |
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| Keywords: | endogenous growth welfare public investment fiscal policy |
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