On the role of government in a stochastically growing open economy

DOI10.1016/S0165-1889(98)00038-4zbMath0918.90065WikidataQ126653733 ScholiaQ126653733MaRDI QIDQ1292508

Stephen J. Turnovsky

Publication date: 21 June 1999

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

economic growthstochastic equilibriumcentrally planned economydecentralized economyoptimal size of governmentoptimal tax structure

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

The economic determinants of technology shocks in a real business cycle model ⋮ Public spending in a model of endogenous growth with habit formation ⋮ Production technologies in stochastic continuous time models ⋮ Productive government expenditure in a stochastically growing open economy ⋮ Financial globalization and the increase in the size of government: are they related? ⋮ Pollution, government expenditure, taxes and stochastic growth ⋮ Stochastic optimal economic growth model with natural resources ⋮ Recursive utility, productive government expenditure and optimal fiscal policy

Cites Work

• Risk, the financial market, and macroeconomic equilibrium
• Productive government expenditures and long-run growth
• Public spending, endogeneous growth, and endogenous fluctuations
• A portfolio approach to endogenous growth: equilibrium and optimal policy
• Public Finance in Models of Economic Growth
• FISCAL POLICY IN A GROWING ECONOMY WITH PUBLIC CAPITAL
• Dynamic Analysis of an Endogenous Growth Model with Public Capital
• International Risk Sharing and Economic Growth
• Public investment in infrastructure in a simple growth model

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