Public Spending in a Model of Endogenous Growth with Habit Formation
نویسندگان
چکیده
منابع مشابه
Public Spending in a Model of Endogenous Growth with Habit Formation
This paper introduces habit-forming preferences in a Barro-type endogenous growth model with productive public services. Government expenditure, which may be subject to congestion, is financed by distortionary income taxation. Different from the standard time-separable model, the presence of habits makes the economy feature transitional dynamics, which are solved in closed form. Setting the inc...
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ژورنال
عنوان ژورنال: Discrete Dynamics in Nature and Society
سال: 2010
ISSN: 1026-0226,1607-887X
DOI: 10.1155/2010/514329