Two‐Sector Growth Models with Productive Public Goods: Equilibrium (In)determinacy

In existing two‐sector, human capital‐based endogenous growth models with social constant returns, local equilibrium indeterminacy emerges based upon either differential factor tax rates or sector‐specific externalities. Two primary results are established in this paper. First, once there are produc...

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Veröffentlicht in:	Southern economic journal 2009-01, Vol.75 (3), p.639-662
Hauptverfasser:	Chen, Been‐Lon, Lee, Shun‐Fa
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Economic growth Education Equilibrium Equilibrium models Externality Government spending Growth models Human capital Productivity Public goods Public services Tax rates Taxation Taxes
Online-Zugang:	Volltext
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