Optimal fiscal policy, public capital, and the productivity slowdown

DOI10.1016/S0165-1889(97)00083-3MaRDI QIDQ1129182zbMATH OpenOpenAlexFDO

Authors Steven P. Cassou, Kevin J. Lansing

Publication date 13 August 1998

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(97)00083-3

zbMATH Keywords

optimal provision of public capital

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Recommendations

• OPTIMAL FISCAL POLICY IN A GROWING ECONOMY WITH PUBLIC CAPITAL
• REVISITING THE OPTIMAL STATIONARY PUBLIC INVESTMENT POLICY IN ENDOGENOUS GROWTH ECONOMIES
• FISCAL POLICY IN A GROWING ECONOMY WITH PUBLIC CAPITAL
• Optimal fiscal policy in an endogenous growth model with public capital: a note
• Ramsey fiscal policy and endogenous growth

Cites work

• Investment Under Uncertainty
• On the optimal taxation of capital income
• Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives
• Optimal fiscal policy in a stochastic growth model
• Optimal tax rules in a dynamic stochastic economy with capital
• Public Finance in Models of Economic Growth
• Public investment in infrastructure in a simple growth model
• The Inverse Optimal Problem: A Dynamic Programming Approach

Cited in

(14)

• Is public capital really productive? A methodological reappraisal
• The welfare cost of monopolistic competition revisited.
• Governmentally amplified output volatility
• Long-run growth and welfare effects of public policies with distortionary taxation
• On the timing and optimality of capital controls: Public expenditures, debt dynamics and welfare
• Congestion and fiscal policy in a two-sector economy with public capital: a quantitative assessment
• The dynamic macroeconomic effects of public capital. Theory and evidence for OECD countries.
• Income taxes, public investment and welfare in a growing economy
• Distortionary taxes and public investment when government promises are not enforceable
• Productivity slowdown due to scarcity of capital to scrap in a putty-clay model
• Human capital accumulation and output growth in a stochastic environment
• Tax-mix, public spending composition and growth
• Fiscal counter-cyclical rules and their conflicting implications for growth and welfare
• REVISITING THE OPTIMAL STATIONARY PUBLIC INVESTMENT POLICY IN ENDOGENOUS GROWTH ECONOMIES

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