government capital transfers. This allows a wider picture of the general government and intergovernmental relationships. The main …

considers the presence of cycles in central, states and local investments and central government capital transfers allowing a …

government capital transfers. This allows a wider picture of the general government and intergovernmental relationships. The main …

recurrent budgets accelerates regional growth, hence confirming the Keynesian hypothesis. Conversely, fiscal transfer in capital … improve budget allocation and execution in capital budgets so as to improve physical infrastructure and thus boost private …

threshold level of public capital maintenance for ongoing growth. We also examine the fiscal implications of public capital … maintenance policies and we find that the composition of public capital expenditures under congestion is a crucial determinant of …In this paper we study the equilibrium properties of an endogenous growth model, in which public maintenance …

With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment … of whether the Ramsey (1927) or the Mirrlees (1971) approach is adopted. First, a tax on capital equipment corrects the … optimal taxation resembles the empirical decline in capital taxes and the increase in labor taxes observed in the United …