Dynamic Public Investment Rules in a Neo-classical Growth Model
This paper derives in the context of the Arrow and Kurz model decision rules for public investment which apply whether or not the economy is on the optimal path and for a wide variety of institutional constraints. The method is comparative dynamics. The net benefits of a change in public investment are found by evaluating the change in the path of consumption over time from the change in public investment. As a special case, the Marglin-Feldstein decision rules are derived from a neo-classical growing economy.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1976|
|Contact details of provider:|| Postal: Kingston, Ontario, K7L 3N6|
Phone: (613) 533-2250
Fax: (613) 533-6668
Web page: http://qed.econ.queensu.ca/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:qed:wpaper:221. 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: (Mark Babcock)
If references are entirely missing, you can add them using this form.