"This paper studies the equilibrium dynamics of a growth model with public finance. where two different allocations of public resources are considered. The model simultaneously. determines the optimal shares of consumption, capital accumulation, taxes and composition of the two. different public expenditures which maximize a representative household's lifetime utility in a. centralized economy. The analysis supplies a closed form solution. Moreover, with one restriction on. the parameters (alfa =sigma) we fully determine the solutions path for all variables of the model and. determine the conditions for balanced growth."
A Model of Economic Growth whit Public Finance: Dynamics and Analytic Solution / Carboni, Oliviero Antonio; Russu, Paolo. - In: INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL ISSUES. - ISSN 2146-4138. - 3:1(2013), pp. 1-13.
A Model of Economic Growth whit Public Finance: Dynamics and Analytic Solution
CARBONI, Oliviero Antonio;RUSSU, Paolo
2013-01-01
Abstract
"This paper studies the equilibrium dynamics of a growth model with public finance. where two different allocations of public resources are considered. The model simultaneously. determines the optimal shares of consumption, capital accumulation, taxes and composition of the two. different public expenditures which maximize a representative household's lifetime utility in a. centralized economy. The analysis supplies a closed form solution. Moreover, with one restriction on. the parameters (alfa =sigma) we fully determine the solutions path for all variables of the model and. determine the conditions for balanced growth."I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
