Public Infrastructure, Congestion, and Fiscal Policy
AbstractA macro model is developed incorporating the productive effects of public expenditure, but also allowing for congestion. The Pigouvian tax rate to correct for the distortion caused by congestion is found and the optimal level of public expenditure is characterized.
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Bibliographic InfoPaper provided by Economics and Finance Section, School of Social Sciences, Brunel University in its series Public Policy Discussion Papers with number 02-01.
Length: 11 pages
Date of creation: Jan 2002
Date of revision:
Contact details of provider:
Postal: Brunel University, Uxbridge, Middlesex UB8 3PH, UK
Other versions of this item:
- John Bennett & Phillip Lawler, 2002. "Public Infrastructure, Congestion, and Fiscal Policy," Economics and Finance Discussion Papers 02-01, Economics and Finance Section, School of Social Sciences, Brunel University.
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