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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Quaderni - Working Paper DSE ; No. 261
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Fiaschi, Davide
- Event
-
Veröffentlichung
- (who)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
-
Bologna
- (when)
-
1996
- DOI
-
doi:10.6092/unibo/amsacta/5049
- Handle
- Last update
- 10.03.2025, 10:42 AM UTC
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fiaschi, Davide
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 1996
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State Fiscal Policies and Regional Economic Activity
Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth
Institutions, policies and growth
Fiscal federalism and economic growth
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Electoral Uncertainty, Fiscal Policies & Growth: Theory and Evidence from Germany, the UK and the US
Government Fiscal Policies and Redistribution in Asian Countries
Economic and politico-economic equivalence of fiscal policies