| 来源类型 | FEEM working papers "Note di lavoro" series
|
| 规范类型 | 论文
|
| Growth, Congestion of Public Goods, and Second-Best Optimal Policy |
| Romano Piras
|
| 发表日期 | 2004
|
| 出处 | Climate Change and Sustainable Development
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | This paper presents a general equilibrium endogenous growth model in which public spending is divided between public productive services and public consumption. A distinguishing feature of the model is the assumption that both components of public spending can be over used and, thus, congested by the private agents. We study the second-best dynamics of the model and prove that it is determinate. Moreover, we show that the optimal second-best policy could be not unique. Finally, the relationship between congestion and the optimal second-best policy, on the one hand, and congestion and the long run growth rate, on the other, is established. |
| 特色分类 | H3,H5,O4
|
| 关键词 | Endogenous growth,Congestion,Public spending,Second-Best
|
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/growth-congestion-of-public-goods-and-second-best-optimal-policy/
|
| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116957
|
推荐引用方式
GB/T 7714 |
Romano Piras. Growth, Congestion of Public Goods, and Second-Best Optimal Policy. 2004.
|
|
文件名：
|
NDL2004-005.pdf
|
|
格式：
|
Adobe PDF
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
