Welfare-maximizing vs. growth-maximizing shares of government investment and consumption
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Eric M. Engen & Jonathan Skinner, 1992. "Fiscal Policy and Economic Growth," NBER Working Papers 4223, National Bureau of Economic Research, Inc.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Sala-I-Martin, X., 1990.
"Lecture Notes On Economic Growth: Five Prototype Models Of Endogenous Growth,"
Papers
622, Yale - Economic Growth Center.
- Xavier Sala-i-Martin, 1994. "Lecture notes on economic growth (II): Five prototype models of endogenous growth," Economics Working Papers 78, Department of Economics and Business, Universitat Pompeu Fabra.
- Xavier Sala-i-Martin, 1990. "Lecture Notes on Economic Growth(II): Five Prototype Models of Endogenous Growth," NBER Working Papers 3564, National Bureau of Economic Research, Inc.
- Aschauer, David Alan, 1989.
"Is public expenditure productive?,"
Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
- David Alan Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
- Sala-i-Martin, Xavier, 1990. "Lecture Notes on Economic Growth: Five Prototype Models of Endogenous Growth. Volume II," Center Discussion Papers 321324, Yale University, Economic Growth Center.
- Robert J. Barro & Xavier Sala-I-Martin, 1992.
"Public Finance in Models of Economic Growth,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
- Robert J. Barro & Xavier Sala-i-Martin, 1990. "Public Finance in Models of Economic Growth," NBER Working Papers 3362, National Bureau of Economic Research, Inc.
- Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Public Finance in Models of Economic Growth," CEPR Discussion Papers 630, C.E.P.R. Discussion Papers.
- Sala-I-Martin, X. & Barro, R.J., 1991. "Public Finance in Models of Economic Growth," Papers 640, Yale - Economic Growth Center.
- Barro, Robert J, 1990.
"Government Spending in a Simple Model of Endogenous Growth,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
- Robert J. Barro, 1988. "Government Spending in a Simple Model of Endogenous Growth," NBER Working Papers 2588, National Bureau of Economic Research, Inc.
- Barro, R.J., 1988. "Government Spending In A Simple Model Of Endogenous Growth," RCER Working Papers 130, University of Rochester - Center for Economic Research (RCER).
- Barro, Robert J., 1990. "Government Spending in a Simple Model of Endogeneous Growth," Scholarly Articles 3451296, Harvard University Department of Economics.
- Kormendi, Roger C. & Meguire, Philip G., 1985. "Macroeconomic determinants of growth: Cross-country evidence," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 141-163, September.
- Levine, Ross & Renelt, David, 1992.
"A Sensitivity Analysis of Cross-Country Growth Regressions,"
American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
- Levine, Ross & Renelt, David, 1991. "A sensitivity analysis of cross-country growth regressions," Policy Research Working Paper Series 609, The World Bank.
- Ram, Rati, 1986. "Government Size and Economic Growth: A New Framework and Some Evidencefrom Cross-Section and Time-Series Data," American Economic Review, American Economic Association, vol. 76(1), pages 191-203, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Thi Kim Cuong Pham, 2019.
"Keeping up with or running away from the Joneses: the Barro model revisited,"
Journal of Economics, Springer, vol. 126(2), pages 179-192, March.
- Thi Kim Cuong Pham, 2018. "Keeping Up with or Running Away from the Joneses: the Barro Model Revisited," Working Papers of BETA 2018-29, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Thi Kim Cuong Pham, 2019. "Keeping up with or running away from the Joneses : the Barro model revisited," Post-Print hal-02312316, HAL.
- Nguyen-Van, Phu & Pham, Thi Kim Cuong, 2013.
"Endogenous fiscal policies, environmental quality, and status-seeking behavior,"
Ecological Economics, Elsevier, vol. 88(C), pages 32-40.
- Phu Nguyen-Van & Thi Kim Cuong Pham, 2008. "Endogenous Fiscal Policies, Environmental Quality, and Status-Seeking Behavior," Working Papers 29, Development and Policies Research Center (DEPOCEN), Vietnam.
- Phu Nguyen-Van & Thi Kim Cuong Pham, 2013. "Endogenous fiscal policies, environmental quality, and status-seeking behavior," Post-Print hal-01748558, HAL.
- Thi Kim Cuong PHAM & Phu NGUYEN-VAN, 2009. "Endogenous Fiscal Policies, Environmental Quality, and Status-Seeking Behavior," Working Papers of BETA 2009-22, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Minoru Watanabe & Yusuke Miyake & Masaya Yasuoka, 2015. "Public Investment Financed By Consumption Tax In An Aging Society," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(05), pages 1-17, December.
- Ho, Wai-Hong & Wang, Yong, 2009. "Capital Income Taxation Revisited: The Role of Information Asymmetry in the Credit Market," MPRA Paper 17040, University Library of Munich, Germany.
- Thi Kim Cuong PHAM, 2004. "Wealth distribution, endogenous fiscal policy and growth: status-seeking implications," Working Papers of BETA 2004-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Andreas Irmen & Johanna Kuehnel, 2009.
"Productive Government Expenditure And Economic Growth,"
Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 692-733, September.
- Andreas Irmen & Johanna Kuehnel, 2008. "Productive Government Expenditure and Economic Growth," CESifo Working Paper Series 2314, CESifo.
- Peter J. Stauvermann & Ronald R. Kumar, 2015.
"The Dilemma of International Capital Tax Competition in the Presence of Public Capital and Endogenous Growth,"
Annals of Economics and Finance, Society for AEF, vol. 16(2), pages 255-272, November.
- Stauvermann, Peter J. & Kumar, Ronald R., 2014. "The dilemma of international capital tax competition in the presence of public capital and endogenous growth," MPRA Paper 59457, University Library of Munich, Germany.
- Florian Misch & Norman Gemmell & Richard Kneller, 2013.
"Growth and Welfare Maximization in Models of Public Finance and Endogenous Growth,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 15(6), pages 939-967, December.
- Florian Misch & Norman Gemmell & Richard Kneller, 2008. "Growth and Welfare Maximization in Models of Public Finance and Endogenous Growth," Discussion Papers 08/09, University of Nottingham, CREDIT.
- Misch, Florian & Gemmell, Norman & Kneller, Richard, 2011. "Growth and welfare maximization in models of public finance and endogenous growth," ZEW Discussion Papers 11-041, ZEW - Leibniz Centre for European Economic Research.
- Wai-Hong Ho & Yong Wang, 2015. "Capital Income Taxation Revisited: The Roles of Information Friction and External Finance," Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 225-242, May.
- Pham, Thi Kim Cuong, 2005. "Economic growth and status-seeking through personal wealth," European Journal of Political Economy, Elsevier, vol. 21(2), pages 407-427, June.
- Been-Lon Chen, 2006.
"Economic growth with an optimal public spending composition,"
Oxford Economic Papers, Oxford University Press, vol. 58(1), pages 123-136, January.
- Been-Lon Chen, 2003. "Economic Growth With Optimal Public Spending Compositional," IEAS Working Paper : academic research 03-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Rafaela Pérez Sánchez, 2004.
"Characterizing the Optimal Composition of Government Expenditures,"
Economic Working Papers at Centro de Estudios Andaluces
E2004/81, Centro de Estudios Andaluces.
- Rafaela Mª Pérez Sánchez, 2004. "Characterizing the Optimal Composition of Government Expenditures," Documentos de Trabajo del ICAE 0409, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Eric Leeper & Todd B. Walker & Susan Shu-Chun Yang, 2009.
"Government Investment And Fiscal Stimulus In The Short And Long Runs,"
CAEPR Working Papers
2009-011, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Eric M. Leeper & Todd B. Walker & Shu-Chun Susan Yang, 2009. "Government Investment and Fiscal Stimulus in the Short and Long Runs," NBER Working Papers 15153, National Bureau of Economic Research, Inc.
- Thomas Krichel & Paul Levine, 1996. "Dynamic Aspect of Growth and Fiscal Policy," School of Economics Discussion Papers 9601, School of Economics, University of Surrey, revised Nov 1997.
- Bessho, Shun-ichiro & Ogawa, Hikaru, 2015. "Fiscal adjustment in Japanese municipalities," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 1053-1068.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Norman Gemmell, 2001.
"Fiscal Policy in a Growth Framework,"
WIDER Working Paper Series
DP2001-84, World Institute for Development Economic Research (UNU-WIDER).
- Norman Gemmell, 2010. "Fiscal Policy in a Growth Framework," Working Papers id:3163, eSocialSciences.
- Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
- De Gregorio, Jose, 1993. "Inflation, taxation, and long-run growth," Journal of Monetary Economics, Elsevier, vol. 31(3), pages 271-298, June.
- Hammed Adetola Adefeso, 2016. "Productive Government Expenditure and Economic Performance in sub-Saharan Africa: An Empirical Investigation," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 19(2), pages 1-18, November.
- Sefa Awaworyi Churchill & Mehmet Ugur & Siew Ling Yew, 2017.
"Does Government Size Affect Per-Capita Income Growth? A Hierarchical Meta-Regression Analysis,"
The Economic Record, The Economic Society of Australia, vol. 93(300), pages 142-171, March.
- Awaworyi Churchill, Sefa & Yew, Siew Ling & Ugur, Mehmet, 2015. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," EconStor Preprints 110897, ZBW - Leibniz Information Centre for Economics.
- Churchill, Sefa Awaworyi & Ugur, Mehmet & Yew, Siew Ling, 2016. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," Greenwich Papers in Political Economy 16016, University of Greenwich, Greenwich Political Economy Research Centre.
- Awawoyi, Sefa & Ugur, Mehmet & Yew, Siew Ling, 2015. "Does government size affect per-capita income growth? A hierarchical meta-regression analysis," Greenwich Papers in Political Economy 14071, University of Greenwich, Greenwich Political Economy Research Centre.
- Awaworyi Churchill, Sefa & Yew, Siew Ling & Ugur, Mehmet, 2015. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," EconStor Preprints 110903, ZBW - Leibniz Information Centre for Economics.
- Awaworyi, Sefa & Ugur, Mehmet & Yew, Siew Ling, 2015. "Does government size affect per-capita income growth? A Hierarchical meta-regression analysis," MPRA Paper 68006, University Library of Munich, Germany, revised 18 Nov 2015.
- Facchini, François & Melki, Mickaël, 2013.
"Efficient government size: France in the 20th century,"
European Journal of Political Economy, Elsevier, vol. 31(C), pages 1-14.
- François Facchini & Mickaël Melki, 2011. "Optimal government size and economic growth in France (1871-2008) : An explanation by the State and market failures," Post-Print halshs-00654363, HAL.
- François Facchini & Mickaël Melki, 2011. "Optimal Government Size and Economic Growth in France (1871-2008): An explanation by the State and Market Failures," Documents de travail du Centre d'Economie de la Sorbonne 11077, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- François Facchini & Mickaël Melki, 2011. "Optimal government size and economic growth in France (1871-2008) : An explanation by the State and market failures," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00654363, HAL.
- Engen, Eric M. & Skinner, Jonathan, 1996.
"Taxation and Economic Growth,"
National Tax Journal, National Tax Association;National Tax Journal, vol. 49(4), pages 617-642, December.
- Eric M. Engen & Jonathan Skinner, 1996. "Taxation and Economic Growth," NBER Working Papers 5826, National Bureau of Economic Research, Inc.
- Dimitrios Paparas & Christian Richter, 2015. "Fiscal policy and economic growth: Empirical evidence from the European Union," Working Papers 2015.06, International Network for Economic Research - INFER.
- Richard Kneller & Norman Gemmell, 2002.
"Fiscal Policy, Growth and Convergence in Europe,"
European Economy Group Working Papers
14, European Economy Group.
- Norman Gemmell & Richard Kneller, 2003. "Fiscal Policy, Growth and Convergence in Europe," Treasury Working Paper Series 03/14, New Zealand Treasury.
- Almanzar, Miguel & Torero, Maximo, 2017.
"Distributional Effects of Growth and Public Expenditures in Africa: Estimates for Tanzania and Rwanda,"
World Development, Elsevier, vol. 95(C), pages 177-195.
- Almanzar, Miguel & Torero, Maximo, 2014. "Distributional Effects of Growth and Public Expenditures in Africa: Estimates for Tanzania and Rwanda," MPRA Paper 61299, University Library of Munich, Germany.
- Agell, Jonas & Lindh, Thomas & Ohlsson, Henry, 1997.
"Growth and the public sector: A critical review essay,"
European Journal of Political Economy, Elsevier, vol. 13(1), pages 33-52, February.
- Ohlsson, H. & Agell, J. & Lindh, T., 1995. "Growth and the Public Sector: A Critical Review Essay," Papers 1995-09, Uppsala - Working Paper Series.
- Serhan Cevik & John Ricco, 2018. "No buck for the bang: revisiting the military-growth nexus," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 45(4), pages 639-653, November.
- Arawatari, Ryo & Hori, Takeo & Mino, Kazuo, 2023. "Government expenditure and economic growth: A heterogeneous-agents approach," Journal of Macroeconomics, Elsevier, vol. 75(C).
- Minea, Alexandru, 2008. "The Role of Public Spending in the Growth Theory Evolution," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(2), pages 99-120, June.
- S Tharshan & W L M A Liyanage & P G K Nilanka & E A Selvanathan & M Jayasinghe and S Selvanathan, 2019. "The Impact of Sectoral Government Expenditure on Economic Growth: Evidence from Sri Lanka," Discussion Papers in Economics economics:201902, Griffith University, Department of Accounting, Finance and Economics.
- Folster, Stefan & Henrekson, Magnus, 1999.
"Growth and the public sector: a critique of the critics,"
European Journal of Political Economy, Elsevier, vol. 15(2), pages 337-358, June.
- Fölster, Stefan & Henrekson, Magnus, 1997. "Growth and the Public Sector: A Critique of the Critics," Working Paper Series 492, Research Institute of Industrial Economics, revised 10 Jun 1998.
- Roberto Leon-Gonzalez & Daniel Montolio, 2004.
"Growth, convergence and public investment. A Bayesian model averaging approach,"
Applied Economics, Taylor & Francis Journals, vol. 36(17), pages 1925-1936.
- Roberto León-González & Daniel Montolio, "undated". "Growth, Convergence And Public Investment. A Bayesian Model Averaging Approach," Working Papers 13-03 Classification-JEL , Instituto de Estudios Fiscales.
- Roberto Leon Gonzalez & Daniel Montolio Estivill, 2003. "Growth, Convergence and Public Investment. A Bayesian Model Averaging Approach," Working Papers in Economics 106, Universitat de Barcelona. Espai de Recerca en Economia.
- Andrew Phiri, 2016.
"The Growth Trade-off between Direct and Indirect Taxes in South Africa: Evidence from a STR Model,"
Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(3 (Fall)), pages 233-250.
- Phiri, Andrew, 2016. "The growth trade-off between direct and indirect taxes in South Africa: Evidence from a STR model," MPRA Paper 69152, University Library of Munich, Germany.
- Pula Lekë & Elshani Alban, 2018. "Role of Public Expenditure in Economic Growth: Econometric Evidence from Kosovo 2002–2015," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 6(1), pages 74-87, June.
- Facchini, François & Melki, Mickaël, 2013.
"Efficient government size: France in the 20th century,"
European Journal of Political Economy, Elsevier, vol. 31(C), pages 1-14.
- François Facchini & Mickaël Melki, 2013. "Efficient government size: France in the 20 th century," Post-Print hal-01286723, HAL.
- François Facchini & Mickaël Melki, 2013. "Efficient government size: France in the 20 th century," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01286723, HAL.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:47:y:1995:i:3-4:p:351-359. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.