论文信息 - Public debt, taxation, and capital intensiveness☆

Public debt, taxation, and capital intensiveness☆

This chapter provides an overview of the steady-state behavior and certain propositions in comparative dynamics, in particular, that across steady-state sign ( d Δ/ dk ) = signer( sr − n ). The chapter presents a full dynamic analysis. A certain stability analysis and a closely related assumption about uniqueness of the balanced growth state seems to be fundamental to Diamond's claim that d Δ/ dk d Δ/ dk d Δ/ dc > 0.

Karl Shell | Edmund S. Phelps | Karl Shell | E. Phelps

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