Three Theoretical Achievements

Mario Baldassarri and Francesco Busato
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Mario Baldassarri: University of Rome
Francesco Busato: Columbia University

Chapter 2 in Full Employment and High Growth in Europe, 2003, pp 31-45 from Palgrave Macmillan

Abstract: Abstract One of the main issues of economic theory has always been the role and the impact of the government budget and fiscal policies on both individual decisions of families and businesses (microeconomic effects) and on the overall state of the economic system (macroeconomic effects). The first topic we’ll address concerns the results obtained through economic theory regarding the relations between size, composition of the government budget, and development of an economic system. To be complete, we’ll analyze the problem first from the standpoint of neoclassical theory, and then in the context of endogenous growth models

Keywords: Capital Stock; Fiscal Policy; Government Spending; Full Employment; Social Equity (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3736-0_2

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DOI: 10.1057/9781403937360_2

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