The Dynamic Effects of Government Spending Policies in a Two-Sector Endogenous Growth Model
在两部门内生增长模型中分析政府支出政策的影响，发现永久性一次性总付税融资的政府支出提高长期增长率，而所得税或工资税融资则降低增长率。
This paper investigates the impact of government spending policies in a two sector model of endogenous growth. Endogenous growth arises because all factors of production - physical and human capital, are reproducible. Both temporary and permanent government spending shocks are examined. The model implies that a permanent, lump-sum financed, increase in government spending raises the long-run growth rate. This occurs because the negative wealth effects of a spending increase will increase labor supply. On the other hand, an income-tax (or wage-tax) financed rise in government spending reduces the growth rate. The output effects of a temporary increase in government spending may be greater or less than a permanent increase in spending. Copyright 1995 by Ohio State University Press.