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Kenneth J. Arrow | Mordecai Kruz

Public Investment, the Rate of Return, and Optimal Fiscal Policy

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A01=Kenneth J. Arrow
A01=Mordecai Kruz
assumptions
Author_Kenneth J. Arrow
Author_Mordecai Kruz
Auxiliary Variable
Balanced Growth Paths
boundedness
Boundedness Assumptions
capital
capital accumulation
Category=KFCP
Consumption Rate
controllability theory
Debt
differential
dynamic optimization
economic modeling methods
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equation
Feasibility Condition
finite
Finite Horizon
fiscal policy mathematical analysis
Follow
Fp
government
Government Capital
Government Debt
growth theory
Held
Independent
instruments
Marginal Product
Noninterest Income
Optimal Fiscal Policy
Optimal Path
Optimal Policy
Payments
Perfect Capital Markets
positive
Positive Finite Limit
public finance models
PUBLIC INSTRUMENTS
stable
Stable Instruments
Unstable
Viewpoint

Product details

  • ISBN 9781617260308
  • Weight: 453g
  • Dimensions: 156 x 234mm
  • Publication Date: 19 Jan 2011
  • Publisher: Taylor & Francis Inc
  • Publication City/Country: US
  • Product Form: Hardback
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Description

This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models.

Originally published in 1970
About Kenneth J. Arrow | Mordecai Kruz
Arrow, Kenneth J.; Kruz, Mordecai