Productive Government Expenditure in a Stochastically Growing Open Economy
β Scribed by Haijun Wang; Shigeng Hu
- Book ID
- 107346995
- Publisher
- Academy of Mathematics and Systems Science, Chinese Academy of Sciences
- Year
- 2007
- Tongue
- English
- Weight
- 240 KB
- Volume
- 20
- Category
- Article
- ISSN
- 1009-6124
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π SIMILAR VOLUMES
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
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