This paper proposes a multi-regional, general equilibrium model with capital accumulation
to analyze the economic impact of the spatial distribution of public capital formation. This …

A dynamic analysis of the international transmission of government expenditure shocks
under alternative methods of finance is presented. The benchmark case of lump-sum tax …

This paper analyses the optimal taxation of capital in a stochastically growing small open
economy in which there is a perfect market for a traded bond. The analysis emphasizes the …

This paper presents a two-country dynamic perfect foresight Ricardian model with wealth
effects to study the relationship between government spending financed by alternative …

L'interdépendance des économies est étudiée dans un modèle de croissance à deux pays
avec horizon infini. Les échanges intertemporels entre les pays sont mis en évidence par …

Recent studies on cross-country (per capita) income inequality have found evidence
for'unconditional'convergence, and have interpreted this finding as a data rejection for AK …

Dans un monde à deux pays où la mobilité du capital est parfaite, on analyse
l'interdépendance des pays lorsque les agents n'ont pas la même élasticité de substitution …

In a two-country neoclassical infinite horizon model, we explore the so-cial consequences of
international capital mobility. By making initial conditions heterogeneous within each …

A reduction in capital tax rates generates substantial dynamic responses within the
framework of the standard neoclassical growth model. The short-run revenue loss after a tax …

In our model we analyze the role of status preference in a decentralized, two-country world
economy. We specify that status preference depends on average consumption and …