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This paper investigates within an endogenous growth model how a congested productive governmental input should be financed if exclusion is possible. The instruments are taxes and fees. To create the macroeconomic equilibrium the planner has to ensure production efficiency with the optimal...
Persistent link: https://www.econbiz.de/10001678873
Many public goods are characterized by rivalry and/or excludability. This paper introduces both non-excludable and excludable public inputs into a simple endogenous growth model. We derive the equilibrium growth rate and design the optimal tax and user-cost structure. Our results emphasize the...
Persistent link: https://www.econbiz.de/10002746082
We study whether remote sensing (RS), a set of technologies with global reach and a variety of applications, can be considered instrumental to the provision of global public goods (GPG). We exploit text information from patent data and apply structural topic modeling to identify topics related...
Persistent link: https://www.econbiz.de/10014343213
Many public goods are characterized by rivalry and/or excludability. This paper introduces both non-excludable and excludable public inputs into a simple endogenous growth model. We derive the equilibrium growth rate and design the optimal tax and user-cost structure. Our results emphasize the...
Persistent link: https://www.econbiz.de/10003317052
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