WELFARE-MAXIMIZING VS GROWTH-MAXIMIZING SHARES OF GOVERNMENT INVESTMENT AND CONSUMPTION

被引：13

作者：

LAU, SHP

机构：

[1] Department of Economics, Faculty of Economics and Commerce, Australian National University, Canberra

来源：

ECONOMICS LETTERS | 1995年 / 47卷 / 3-4期

关键词：

D O I：

10.1016/0165-1765(94)00548-G

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the relationship between economic growth and the investment and consumption components of government spending by modifying a specification of Barro's (Journal of Political Economics, 1990, 98, S103-S125) model to prevent asymmetry in the production process. The predictions are consistent with existing empirical findings.

引用

页码：351 / 359

页数：9

共 14 条

[1] IS PUBLIC-EXPENDITURE PRODUCTIVE [J].