Public Finance In Models Of Economic Growth

Author : Robert J. Barro
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.55/5 ( download)

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Download or read book Public Finance in Models of Economic Growth written by Robert J. Barro and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent literature on endogenous economic growth allows for effects of fiscal policy on long-term growth. If the social rate of return on investment exceeds the private return, then tax policies that encourage investment can raise the growth rate and levels of utility. An excess of the social return over the private return can reflect learning-by-doing with spillover effects, the financing of government consumption purchases with an income tax, and monopoly pricing of new types of capital goods. Tax incentives for investment are not called for if the private rate of return on investment equals the social return. This situation applies in growth models if the accumulation of a broad concept of capital does not entail diminishing returns, or if technological progress appears as an expanding variety of consumer products. In growth models that incorporate public services, the optimal tax policy hinges on the characteristics of the services. If the public services are publicly-provided private goods, which are rival and excludable, or publiclyprovided public goods, which are non-rival and non-excludable, then lump-sum taxation is superior to income taxation. Many types of public goods are subject to congestion, and are therefore rival but to some extent nonexcludable. In these cases, income taxation works approximately as a user fee and can therefore be superior to lump-sum taxation. In particular, the incentives for investment and growth are too high if taxes are lump sum. We argue that the congestion model applies to a wide array of public expenditures, including transportation facilities, public utilities, courts, and possibly national defense and police.

Author :
Publisher : Atlantic Publishers & Distri
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4./5 ( download)

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Download or read book The Economics of public finance written by and published by Atlantic Publishers & Distri. This book was released on 1974 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Richard Abel Musgrave
Publisher : New York : McGraw-Hill
ISBN 13 :
Total Pages : 656 pages
Book Rating : 4.68/5 ( download)

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Download or read book The Theory of Public Finance written by Richard Abel Musgrave and published by New York : McGraw-Hill. This book was released on 1959 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Paul Cashin
Publisher : International Monetary Fund
ISBN 13 : 1451951477
Total Pages : 36 pages
Book Rating : 4.79/5 ( download)

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Download or read book Government Spending, Taxes, and Economic Growth written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 1994-08-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence of the levying of distortionary taxes which are used to fund such expenditure. The theoretical implications of the model are then tested with data from 23 developed countries between 1971 and 1988, and time series cross sectional results are obtained which support the proposed influence of the public finance variables on economic growth.

Author : S.N. Chand
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788126908004
Total Pages : 310 pages
Book Rating : 4.09/5 ( download)

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Download or read book Public Finance written by S.N. Chand and published by Atlantic Publishers & Dist. This book was released on 2008 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Finance Is A Study Of Collection Of Revenue From The Public By The Government And Spending It For The Welfare Of Society. Although An Important Part Of Economics, Public Finance, As A Science Is Older Than Economics Itself. Actually, It Was The Forerunner Of Science To Which It Is Now Subordinate. The Writings Of Cameralists Dealt More Fully With This Part Of The Field Of Political Economy Than With Any Other.During The Last Two Decades Or So, Every Branch Of Economics Has Undergone Considerable Change Under The Impact Of Keynesian New Economics. Realising This, Many Foreign Writers Have Attempted To Recast Public Finance Theory By Incorporating Keynesian Analysis. Indian Writers, However, Have, By And Large, Modeled Their Treatment Of The Subject On The Once Famous But Now Largely Out Of Date Dalton S Public Finance.This Book, In 2 Volumes, Brings To Light The Changes That Have Come About And Comprehensively Covers Various Aspects Of Public Finance Theory, Revenue, Debt And Expenditure. Construction Of Chapters And Enlisting Of Questions Have Been Done After Making A Wide Analysis Of The Syllabi Prescribed For The Subject In Various Indian Universities, Following The Pattern Of Questions Asked In Different Examinations. The Text Has Been Supplemented With Tables And Figures Which Have Been Updated From Authentic Sources. Opinions Of Established Economists And Erudite Scholars Have Been Cited In Each Major Topic Relating To Public Finance To Substantiate The Text. Every Effort Has Been Made To Keep The Style Lucid And The Approach Analytical.The Book Caters To The Academic Needs Of The Postgraduate, Graduate And Undergraduate Students Of Economics. It Is Equally Useful For Those Pursuing Mba And M.Com. Courses. In Addition, The Aspiring Candidates For Various Competitive Examinations Will Find This Book Highly Useful. It Will Prove An Ideal Reference Book For Teachers And Researchers.

Author : Baidyanath Misra
Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.83/5 ( download)

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Download or read book Economics of Public Finance written by Baidyanath Misra and published by . This book was released on 1978 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.27/5 ( download)

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Download or read book Public Finance and Economic Growth written by and published by . This book was released on 1983 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Vito Tanzi
Publisher : International Monetary Fund
ISBN 13 : 1451854129
Total Pages : 36 pages
Book Rating : 4.21/5 ( download)

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Download or read book Fiscal Policy and Long-Run Growth written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1996-10-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses in a systematic and comprehensive way the existing literature on the relationship between the growth of countries’ economies and various public finance instruments, such as tax policy, expenditure policy, and overall budgetary policy, from the perspectives of allocative efficiency, macroeconomic stability, and income distribution. It reviews both the conceptual linkages between each of the instruments and growth and the empirical evidence on such relationships. It broadly concludes that fiscal policy could play a fundamental role in affecting the long-run growth performance of countries.

Author : Alan J. Auerbach
Publisher : Newnes
ISBN 13 : 0444537600
Total Pages : 497 pages
Book Rating : 4.07/5 ( download)

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Download or read book Handbook of Public Economics written by Alan J. Auerbach and published by Newnes. This book was released on 2013-06-24 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Handbook of Public Economics, vol. 5, top scholars provide context and order to new research about mechanisms that underlie both public finance theories and applications. These fundamental subjects follow the recent, steady movement away from rational decision-making and toward more personalized approaches to tax generation and expenditure, especially in terms of the use of psychological methods and financial incentives. Closely scrutinized subjects include new research in empirical (instead of theoretical) public finance, the methods for measuring taxes (both in revenue generation and expenditure), and the roles that taxes play in specific settings, such as emerging economies, urban settings, charitable giving, and among political entities (cities, counties, states, countries). Contributors look at both the "tax" and "expenditure" sides of public finance, emphasizing recent influences that psychology and philosophy have exerted in economics with articles on behavioral finance, charitable giving, and dynamic taxation. To a field enjoying rapid growth, their articles bring context and order, illuminating the mechanisms that underlie both public finance theories and applications. Editor Raj Chetty is the recipient of the 2013 John Bates Clark Medal from the American Economic Association Focuses on new approaches to both revenue generation and expenditures in public finance Presents coherent summaries of subjects in public economics that stretch from methodologies to applications Makes details about public economics accessible to scholars in fields outside economics

Author : John M. Quigley
Publisher :
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.63/5 ( download)

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Download or read book Modern Public Finance written by John M. Quigley and published by . This book was released on 1994 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main problem of public finance is how to improve the way tax money is spent, increase the efficiency of the economy and change the distribution of income in several desirable ways. Contributions by various authors dealing with subjects, such as: The distribution of the tax burden; Public sector dynamics; Public goods and the invisible hand; Federalism and government finance; Tax policy; Integrating allocation and stabilization budgets. In the chapter Public Sector Dynamics is dealt with the public debt and the following questions are treated: Does public debt have any effect? What effects does it have? How is it determined politically? And how is it meant! One of the conclusions is that future government claims and liabilities cannot be valued at their market value.