This paper uses a one-sector, endogenous growth model to study optimal composition
between public investment and consumption in government expenditure and its …

This paper analyses the effects of fiscal shocks in selected Latin American countries using a
two-country model for output, labour input, government spending and relative prices …

The paper analyzes a multicountry extension of the Barro model of productive public
expenditure. In the presence of positive infrastructural externalities between countries, the …

This paper investigates how innovations in income taxes and government expenditures
originating in the US affect the US economy, and how these effects are transmitted to the …

This paper analyzes the dynamics of a 2× 2× 2 Heckscher–Ohlin model where foreign asset
holdings and capital accumulation are independently determined by optimizing agents …

We study a parametric politico‐economic model of economic growth with productive public
goods and public consumption goods. The provision of public goods is funded by a …

Man is an animal of tool. Here,“tool” includes not only traditional physical tools and modern
machines but also scientific achievements, mathematics, arts, music, and literature (or even …

The standard procedure for analyzing transitional dynamics in non-linear macro models has
been to employ linear approximations. Recently quadratic approximations have been …

We study convergence in economies integrated by capital trade. Equilibrium generates
transitional dynamics even in the absence of internal adjustment costs or borrowing …

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