Public Infrastructure, Congestion, and Fiscal Policy
A macro model is developed incorporating the productive effects of public expenditure, but also allowing for congestion. The Pigouvian tax rate to correct for the distortion caused by congestion is found and the optimal level of public expenditure is characterized.
Year of publication: |
2002-01
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Authors: | Bennett, John ; Lawler, Phillip |
Institutions: | Economics and Finance Section, School of Social Sciences, Brunel University |
Saved in:
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