Excludable and non-excludable public inputs : consequences for economic growth

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18787

Title:	Excludable and non-excludable public inputs : consequences for economic growth
Keywords:	H40 H21 O40 ddc:330 excludable and non-excludable public goods congestion growth Öffentliches Gut Bottleneck Neue Wachstumstheorie Gebühr Optimale Besteuerung Infrastruktur Theorie
Issue Date:	16-Oct-2013
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Description:	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 role of congestion in determining this optimal financing structure and the consequences this has in turn for the government?s budget. The latter consists of fee and tax revenues that are used to finance the entire public production input and that may or may not suffice to finance the entire public input, depending upon the degree of congestion. We extend the model to allow for monopoly pricing of the user fee by the government. Most of the analysis is conducted for general production functions consistent with endogenous growth, although the case of CES technology is also considered.
URI:	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18787
Other Identifiers:	http://hdl.handle.net/10419/18787 ppn:484735144
Appears in Collections:	EconStor

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