The paper studies the dynamic effects of fiscal policy shocks upon Argentine macroeconomic variables such as the gross domestic product, the inflation rate and the level of unemployment; a structural Vector Autoregression model is resorted to in order to estimate the impulse response functions;...

By using an endogenous growth model, in which public services and facilities are subject to congestion (which occurs when output growth rate exceeds that of public spending), Rezk analyzes the relationship between public spending and the rate of economic growth. He derives the optimal government...