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Optimal Fiscal Policy in the Uzawa-Lucas Model with CES Production
(2004)
[Abstract]: This paper devises an endogenous growth model with human capital in the UzawaLucas framework in which the average human capital has a positive external effect on
the goods sector. Unlike previous works, this ...
Subsidy Policies in a Fertility Choice Model
(Springer, 2001)
[Abstract]: This paper compares the effects that a subsidy to health expenditure or a subsidy to childrearing costs has in a fertility choice model in which mortality is also endogenously determined.
Whichever subsidy is ...
Equilibrium efficiency in the Uzawa−Lucas model with sector−specific externalities
(2006)
[Abstract]: This note shows that the competitive equilibrium is efficient in the Uzawa−Lucas
endogenous growth model with sector−specific externalities associated to human capital in
the goods sector for a large class ...
The effect of the government temporal horizon on the optimal tax structure
(2004)
[Abstract]: The government temporal horizon is shown to be a key determinant of the optimal tax
structure in an endogenous growth model of the US economy. As the temporal horizon
lengthens, wage taxation is gradually ...
Reforma fiscal y bienestar: el caso de Chile
(Pontificia Universidad Católica de Chile, 2000)
[Abstract]: Welfare-maximizing fiscal structures are determined in a two-sector model of endogenous growth calibrated for the Chilean economy. Under the baseline, the current tax structure is found to be close to the optimal ...
Equilibrium Efficiency in the Ramsey Model with Habit Formation
(De Gruyter, 2007)
[Abstract]: This paper analyzes the equilibrium efficiency in a Ramsey model with habit formation.
Uniqueness and saddle-path stability of the steady state is proved analytically. The competitive
equilibrium is efficient ...
Utility and Production Externalities, Equilibrium Efficiency and Leisure Specification
(Elservier, 2008)
[Abstract] This paper analyzes the implications that the specification of the leisure activity has on the equilibrium efficiency in a two-sector endogenous growth model with human capital accumulation. We
consider external ...
Fiscal policy, congestion, and endogenous growth
(Willey, 2008)
[Abstract]: We devise an endogenous growth model with private and public physical capital, and human capital, which allows for relative and absolute congestion. According to empirical evidence, long-run growth is invariant ...