Optimal size of the government: the role of the elasticity of substitution

DOI10.1007/S00712-012-0317-1MaRDI QIDQ404995zbMATH OpenOpenAlexFDO

Authors Manuel A. Gómez

Publication date 4 September 2014

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-012-0317-1

zbMATH Keywords

optimal policyelasticity of substitutionpublic expenditure

Mathematics Subject Classification ID

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

Recommendations

• Factor substitution is an engine of growth in a model with productive public expenditure
• Fiscal Policy in an Endogenous Growth Model with Productive Government Spending
• Recursive utility, productive government expenditure and optimal fiscal policy
• How should the government allocate its tax revenues between productivity-enhancing and utility-enhancing public goods?
• COMPARATIVE DYNAMICS AND OPTIMAL FISCAL POLICY IN A SIMPLE MODEL OF ENDOGENOUS GROWTH

Cites work

• Capital-labor substitution and equilibrium indeterminacy
• DYNAMICS OF THE SAVING RATE IN THE NEOCLASSICAL GROWTH MODEL WITH CES PRODUCTION
• Dynamic Analysis of an Endogenous Growth Model with Public Capital
• FISCAL POLICY IN A GROWING ECONOMY WITH PUBLIC CAPITAL
• Factor substitution and economic growth: a unified approach
• Indeterminacy and the elasticity of substitution in one-sector models
• Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model.
• OPTIMAL FISCAL POLICY IN A GROWING ECONOMY WITH PUBLIC CAPITAL
• On the interaction between public and private capital in economic growth
• Public Finance in Models of Economic Growth
• The economics of poverty traps. I: Complete markets
• The elasticity of substitution as an engine of growth

Cited in

(2)

• How should the government allocate its tax revenues between productivity-enhancing and utility-enhancing public goods?
• Factor substitution is an engine of growth in a model with productive public expenditure

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