On the macroeconomic implications of maintenance in public capital

By P. Kalaitzidakis, Sarantis Kalyvitis. 2004

119 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/84e739c25d4ada0a51e1a77a9ae443dcc006fb3c

Citations in the corpus

• Productive Government Expenditure and Economic Growth (2009, unknown): “Kalaitzidakis and Kalyvitis (2004) show further that the growth-maximizing income tax rate, τ∗y , evaluated at θM = θ ∗ M is τ∗y = α 1− θ∗M (1− α) > α. (4.21) This result contrasts with the finding of the previous sections where the growth-maximizing tax rate was found to equal α. Intuitively, the…”