Should public capital be subsidized or provided?

In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under laissez-faire. By contrast, if the government subsidizes priv...

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Veröffentlicht in:	Journal of monetary economics 1998-04, Vol.41 (2), p.319-331
Hauptverfasser:	Devarajan, Shantayanan, Xie, Danyang, Zou, Heng-fu
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital Economic growth Economic models Government subsidies Growth models Laissez faire Monetary economics Public capital Public finance Public provision Studies Subsidies Subsidy Taxes
Online-Zugang:	Volltext
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