A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution

Oliviero Antonio CARBONİ; Paolo RUSSU

Makale detayları

A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution

Yazarlar:

Oliviero Antonio CARBONİ | Paolo RUSSU

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2013 Vol.3 Issue 1, pp.1-13

Belge Tipi:

Makale

Yayın Tarihi:

2/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000814722

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

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 utilities in a centralized economy. The analysis supplies a closed form solution. Moreover, with one restriction on the parameters () we fully determine the solutions path for all variables of the model and determine the conditions for balanced growth.

Makale detayları

A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution

Yazarlar: Oliviero Antonio CARBONİ | Paolo RUSSU

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2013 Vol.3 Issue 1, pp.1-13

Belge Tipi: Makale

Yayın Tarihi: 2/2013

Belge Dili: Türkçe

Document ID (Org No.): 2000814722

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Oliviero Antonio CARBONİ | Paolo RUSSU

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2013 Vol.3 Issue 1, pp.1-13

Belge Tipi:

Makale

Yayın Tarihi:

2/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000814722

Sıklık:

İki Aylık

eISSN:

2146-4138