Public Infrastructure, Congestion, and Fiscal Policy

John Bennett () and Phillip Lawler

Public Policy Discussion Papers from Economics and Finance Section, School of Social Sciences, Brunel University

Abstract: A macro model is developed incorporating the productive effects of public expenditure, but also allowing for congestion. The Pigouvian tax rate to correct for the distortion caused by congestion is found and the optimal level of public expenditure is characterized.

Pages: 11 pages
Date: 2002-01
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Working Paper: Public Infrastructure, Congestion, and Fiscal Policy (2002)
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