Finite lifetimes and government spending in an endogenous growth model

Optimal Government Spending and Taxation in Three-Sector Endogenous Growth Model-Case Iran

The recent literature on taxation and growth has stressed the optimality of a zero long-run taxation on all accumulative factors of production. For a given path of government spending, the optimal tax plan requires the government to build up a positive stock of public wealth in the short run in the long-run, government spending can be financed with the income accruing from the management of the...

Composition of Government Spending, Optimal Fiscal Policy, and Endogenous Growth in the Economy of Iran

This paper investigates the optimal fiscal policy, pertaining to government spending, considering different productivity of public services in production function and its impact on the optimal tax rate, the optimal rate of government spending, and optimal economic growth rate. Using the VECM model for Iranian economy over 48 years, results show while the current expenditure has a positive and s...

Government Spending and Growth

Growth and Local Government Spending in Georgia

This brief is a technical analysis that estimates the effect of local government spending on economic growth at the county level in Georgia. Recent studies in the growth and economic development literature have emphasized the impact of government spending on growth at the national and state levels, but few of these studies have attempted to identify growth–enhancing government expenditures at t...

Growth Effects of Fiscal Policy in an Endogenous Growth Model with Productive Public Spending and Pollution

In this paper we present an endogenous growth model with productive government spending and pollution. As to pollution we suppose that it is a by-product of aggregate production and that it negatively affects utility of the household but not production possibilities directly. Analyzing our model it is first shown that for reasonable parameter values there exists a unique balanced growth path wh...