Fiscal policy in an endogenous growth model with public capital and pollution

Greiner A (2005)
JAPANESE ECONOMIC REVIEW 56(1): 67-84.

Journal Article | Published | English

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Abstract
This paper studies the growth and welfare effects of fiscal policy in an endogenous growth model with public capital and environmental pollution. I assume that pollution is due to aggregate production, and that it does not have a direct effect on production but only reduces household utility. I study the growth effects of fiscal policy for the model on the balanced growth path, taking transition dynamics into account. I then analyse the welfare effects of fiscal policy along the balanced growth path. Finally, I show how the fiscal parameters must be set so that the competitive economy replicates the social optimum.
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Greiner A. Fiscal policy in an endogenous growth model with public capital and pollution. JAPANESE ECONOMIC REVIEW. 2005;56(1):67-84.
Greiner, A. (2005). Fiscal policy in an endogenous growth model with public capital and pollution. JAPANESE ECONOMIC REVIEW, 56(1), 67-84.
Greiner, A. (2005). Fiscal policy in an endogenous growth model with public capital and pollution. JAPANESE ECONOMIC REVIEW 56, 67-84.
Greiner, A., 2005. Fiscal policy in an endogenous growth model with public capital and pollution. JAPANESE ECONOMIC REVIEW, 56(1), p 67-84.
A. Greiner, “Fiscal policy in an endogenous growth model with public capital and pollution”, JAPANESE ECONOMIC REVIEW, vol. 56, 2005, pp. 67-84.
Greiner, A.: Fiscal policy in an endogenous growth model with public capital and pollution. JAPANESE ECONOMIC REVIEW. 56, 67-84 (2005).
Greiner, Alfred. “Fiscal policy in an endogenous growth model with public capital and pollution”. JAPANESE ECONOMIC REVIEW 56.1 (2005): 67-84.
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