期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2007
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：We present a fairly standard general equilibrium model of endogenous growth
with productive and non-productive public goods and servives. The former enhance
private productivity and the latter private utility. We solve for Ramsey second-best
optimal policy (where policy is summarized by the paths of the income tax rate and the
allocation of the collected tax revenues between productivity-enhancing and utilityenhancing
public expenditures). We show that the properties and implications of
second-best optimal policy (a) differ from the benchmark case of the social planner¡¯s
first-best allocation (b) depend crucially on whether public goods and services are
subject to congestion.
关键词：Second-best optimal policy; Congested public goods; Growth.
