This paper examines the effects of government spending on infrastructure within an endogenous growth model populated by consumers with finite horizons. It highlights the role of finite horizons in such a framework, and also compares and contrasts the effects of government spending on macroeconomic performance and individual utility with those obtained in the infinite horizon representative model. © 1999 Elsevier Science Inc.
|Number of pages||13|
|Journal||Economic and Business Bulletin|
|Publication status||Published - 1999|
- Barro curve
- Public investment
- Uncertain lifetimes