The separability hypothesis and expenditure as an exogenous variable in a system of conditional demands are analyzed. Expenditure cannot be weakly exogenous in a system of conditional demands ...

This is a preview. Log in through your library . Abstract This paper introduces two forms of interaction between private and public capital in an endogenous growth model in which productive government ...

This paper continues the study of optimal fiscal policy in a growing economy by exploring a case in which the government simultaneously provides three main categories of expenditures with ...