Abstract During the period 2003–2016, China's infrastructure investment as a share of GDP
outpaced, by a large margin, the average GDP share of entire government investment in …

We develop a model in which public capital is both an engine of growth and a determinant of
the distributions of wealth, income, and welfare. Government investment increases wealth …

This paper analyzes how low-income countries should optimally respond, through fiscal
policy, to commodity price shocks. The model accounts for imperfect access to world capital …

After providing some descriptive evidence on the relationship between the size and
composition of public expenditure and the sectoral employment composition of the …

We analyze the effect of the US transportation system on economic activity by building a
quantitative dynamic general equilibrium model with a taxpayer-funded transportation …

Este artigo avalia os efeitos da Emenda Constitucional nº 95/2016 na gestão fiscal, no
crescimento econômico e no bem-estar das famílias. Para tanto, utilizou-se um modelo de …

Public infrastructure is one of the foundations for the economic growth of a country. While
there is a strong consensus regarding infrastructure's effect on growth, less is known about …

We study the impacts of investment in public capital on equity and efficiency. Taking into
account stylized facts on wealth accumulation, we model agent heterogeneity through …

We present a fairly standard general equilibrium model of endogenous growth with
productive and nonproductive public goods and services. The former enhance private …

In this paper, using an endogenous growth model where the structural relationship between
public expenditures and taxes is considered, we investigate how the optimal tax structure is …