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Government expenditure in the two-country, open, growing economy

✍ Scribed by Tadashi Inoue

Book ID
105529530
Publisher
Springer US
Year
2001
Tongue
English
Weight
82 KB
Volume
7
Category
Article
ISSN
1083-0898

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On the role of government in a stochasti
On the role of government in a stochastically growing open economy
✍ Stephen J. Turnovsky πŸ“‚ Article πŸ“… 1999 πŸ› Elsevier Science 🌐 English βš– 223 KB

The relationship between the size of government, economic growth, and volatility in a small open economy is analyzed. First, we characterize the stochastic equilibrium for a centrally planned economy, contrasting it with a closed economy. The role of government consumption expenditure both as a stab