Government Spending in a Simple Model of Endogeneous Growth

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Government Spending in a Simple Model of Endogeneous Growth

Show simple item record Barro, Robert J. 2010-01-12T14:23:45Z 1990
dc.identifier.citation Barro, Robert J. 1990. Government spending in a simple model of endogeneous growth. Journal of Political Economy 98(S5): 103-125. en_US
dc.identifier.issn 0022-3808 en_US
dc.description.abstract One strand of endogenous-growth models assumes constant returns to a broad concept of capital. I extend these models to include tax- financed government services that affect production or utility. Growth and saving rates fall with an increase in utility-type expenditures; the two rates rise initially with productive government expenditures but subsequently decline. With an income tax, the decentralized choices of growth and saving are "too low," but if the production function is Cobb-Douglas, the optimizing government still satisfies a natural condition for productive efficiency. Empirical evidence across countries supports some of the hypotheses about government and growth. en_US
dc.description.sponsorship Economics en_US
dc.language.iso en_US en_US
dc.publisher University of Chicago Press en_US
dc.relation.isversionof doi:10.1086/261726 en_US
dash.license LAA
dc.title Government Spending in a Simple Model of Endogeneous Growth en_US
dc.type Journal Article en_US
dc.description.version Version of Record en_US
dc.relation.journal Journal of Political Economy -Chicago- en_US Barro, Robert J. 2010-01-12T14:23:45Z

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