Arbeitspapier
Excludable and non-excludable public inputs : consequences for economic growth
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1423
Publicly Provided Goods: General
Taxation and Subsidies: Efficiency; Optimal Taxation
Economic Growth and Aggregate Productivity: General
congestion
growth
Öffentliches Gut
Bottleneck
Neue Wachstumstheorie
Gebühr
Optimale Besteuerung
Infrastruktur
Theorie
Turnovsky, Stephen J.
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:24 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ott, Ingrid
- Turnovsky, Stephen J.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2005