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EDC plans investment drive

Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
132 KB
Volume
2000
Category
Article
ISSN
1359-6128

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πŸ“œ SIMILAR VOLUMES

Competitive equilibrium and public inves
Competitive equilibrium and public investment plans
✍ Gerhard Glomm; B. Ravikumar πŸ“‚ Article πŸ“… 1999 πŸ› Elsevier Science 🌐 English βš– 159 KB

We examine a one-sector growth model in which public capital is an external input to private production functions. Revenues from taxing capital and labor income are used to fund public investments. The competitive equilibrium can be obtained by solving an arti"cial planning problem. We prove that th