Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model

Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy Macroeconomics (NOEM) model by introducing productive public... READ MORE...

Publication date: March 2007
ISBN 9781451866315
$18.00

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