Public Expenditures, Taxes, Federal Transfers, and Endogenous Growth
This paper extends the Barro (1990) model with single aggregate government spending and one flat income tax to include public expenditures and taxes by multiple levels of government. It derives the rate of endogenous growth and, with both simulations and special examples, examines how that rate changes with respect to federal income tax, local taxes, and federal transfers. It also discusses the growth and welfare-maximizing choices of taxes and federal transfers.
|Date of creation:||2011|
|Date of revision:|
|Contact details of provider:|| Web page: http://cema.cufe.edu.cn/|
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- Robert G. King & Sergio Rebelo, 1990.
"Public Policy and Economic Growth: Developing Neoclassical Implications,"
NBER Working Papers
3338, National Bureau of Economic Research, Inc.
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Policy Research Working Paper Series
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- Oates, Wallace E., 1993. "Fiscal Decentralization and Economic Development," National Tax Journal, National Tax Association, vol. 46(2), pages 237-43, June.
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