The Resource Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model, (electronic resource)

Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model, (electronic resource)

Label
Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model
Title
Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model
Title variation
IMF Working Papers
Creator
Contributor
Subject
Genre
Language
  • eng
  • eng
Summary
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy Macroeconomics (NOEM) model by introducing productive public infrastructures. The results show that a temporary increase in the domestic stock of public capital financed by a reduction in public consumption reduces domestic welfare in the short run because the temporary gains from higher productivity do not compensa
Member of
Cataloging source
AU-PeEL
http://library.link/vocab/creatorName
Ganelli, Giovanni
Dewey number
339.237
Language note
English
LC call number
HJ7595 .G384 2007
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Tervala, Juha
Series statement
IMF Working Papers
http://library.link/vocab/subjectName
  • Expenditures, Public -- Econometric models
  • Expenditures, Public
  • Infrastructure (Economics) -- Econometric models
  • Infrastructure (Economics)
Label
Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model, (electronic resource)
Instantiates
Publication
Note
Description based upon print version of record
Carrier category
online resource
Carrier category code
  • cr
Content category
text
Content type code
  • txt
Contents
Contents; I. Introduction; II. The Model; A. Households; B. The Government; C. Private Firms; Technology; Profits; Price Setting; D. The Initial Steady State; III. Parameterization; IV. A Permanent Shift in Government Spending Composition; A. The Impact on the Domestic Economy; Figures; 1. The Effects of a Permanent Shift in Government Spending Composition; B. The Open Economy Impact; C. Welfare Impact; Domestic Welfare; Foreign Welfare; V. A Temporary Shift in Government Spending Composition; 2. The Effects of a Temporary Shift in Government Spending Composition; VI. Conclusions; References
Dimensions
unknown
Extent
1 online resource (27 p.)
Form of item
electronic
Isbn
9786613828712
Media category
computer
Media type code
  • c
Specific material designation
remote
System control number
  • (CKB)3360000000443798
  • (EBL)1607336
  • (SSID)ssj0001485286
  • (PQKBManifestationID)11890454
  • (PQKBTitleCode)TC0001485286
  • (PQKBWorkID)11447581
  • (PQKB)10720275
  • (EXLCZ)993360000000443798
Label
Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model, (electronic resource)
Publication
Note
Description based upon print version of record
Carrier category
online resource
Carrier category code
  • cr
Content category
text
Content type code
  • txt
Contents
Contents; I. Introduction; II. The Model; A. Households; B. The Government; C. Private Firms; Technology; Profits; Price Setting; D. The Initial Steady State; III. Parameterization; IV. A Permanent Shift in Government Spending Composition; A. The Impact on the Domestic Economy; Figures; 1. The Effects of a Permanent Shift in Government Spending Composition; B. The Open Economy Impact; C. Welfare Impact; Domestic Welfare; Foreign Welfare; V. A Temporary Shift in Government Spending Composition; 2. The Effects of a Temporary Shift in Government Spending Composition; VI. Conclusions; References
Dimensions
unknown
Extent
1 online resource (27 p.)
Form of item
electronic
Isbn
9786613828712
Media category
computer
Media type code
  • c
Specific material designation
remote
System control number
  • (CKB)3360000000443798
  • (EBL)1607336
  • (SSID)ssj0001485286
  • (PQKBManifestationID)11890454
  • (PQKBTitleCode)TC0001485286
  • (PQKBWorkID)11447581
  • (PQKB)10720275
  • (EXLCZ)993360000000443798

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