Advanced Search
MyIDEAS: Login

Growth, Congestion of Public Goods and Second-Best Optimal Policy: a Dynamic Analysis

Contents:

Author Info

  • Romano PIRAS

    ()

Abstract

This paper presents a general equilibrium endogenous growth model in which public spending is divided between public productive services and public consumption. A distinguishing feature of the model is the assumption that both components of public spending can be overused and, thus, congested by the private agents. We study the second-best dynamics of the model and prove that it is determinate. In addition, we show that, although there could be different outcomes for the second-best problem, the optimal second-best policy is unique. Finally, the relationship between congestion and the optimal second-best policy, on the one hand, and congestion and the equilibrium growth rate, on the other, is established.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=22134
Download Restriction: download restricted to subscribers, see http://www.mulino.it for details

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by SIE - Societa' Italiana degli Economisti (I) in its journal Rivista Italiana degli Economisti.

Volume (Year): 10 (2005)
Issue (Month): 3 (December)
Pages: 397-416

as in new window
Handle: RePEc:rie:review:v:10:y:2005:i:3:n:3

Contact details of provider:
Postal: Piazzale Martelli, 8, 60121 Ancona (Italy)
Email:
Web page: http://www.siecon.org
More information through EDIRC

Order Information:
Web: http://www.mulino.it/edizioni/riviste/scheda_rivista.php?issn=1593-8662

Related research

Keywords: congestion; endogenous growth; public spending; second-best;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:rie:review:v:10:y:2005:i:3:n:3. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SIE).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.