کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5099957 1478708 2006 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Effects of an anticipated expansion in international public goods on public capital accumulation
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Effects of an anticipated expansion in international public goods on public capital accumulation
چکیده انگلیسی
This paper presents a generic model to include public capital accumulation and the services of international public goods provided by a neighbor country. It examines the long-run and short-run responses of private and public capital accumulation in the home country to an anticipated increase in international public goods. It is found that the home economy in effect cuts its public capital stock, but keeps an unchanged private capital stock in the long run when a neighbor commits itself to expanding the stock of public goods in the future. The key factor determining the short-run responses of the home country is the extent to which it will match its government spending with a neighbor country's policy, which is associated with the relative difference between the marginal utility of consumption and that of home public capital affected by an increase in international public goods.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 30, Issue 12, December 2006, Pages 2859-2874
نویسندگان
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