Arbeitspapier
Fiscal policies and growth
In this work we present an endogenous growth model where the Government finances a pubblic good by imposing two taxes, one on the return of the accumlative factor and the other on the return of the not accumulative factor. In an economy where individuals have different initial factor endowments, we determine the fiscal policy that maximizes the growth rate, the poltical equilibrium and , finally, the socially optimal fiscal policy. Because of the heterogeneity of individual's endowments maximizing growth rate does not imply maximum welfare; the political equilibrium fiscal policy does not maximise the growth rate, but it could be socially optimal if the inequality aversion degree is sufficiently high.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 261
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fiaschi, Davide
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
1996
- DOI
-
doi:10.6092/unibo/amsacta/5049
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fiaschi, Davide
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 1996
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