Kenneth J. Arrow, Mordecai Kruz

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

• Gebundenes Buch

Produktbeschreibung

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

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Produktdetails

• Verlag: RFF Press
• Seitenzahl: 254
• Erscheinungstermin: 19. Januar 2011
• Englisch
• Abmessung: 240mm x 161mm x 18mm
• Gewicht: 551g
• ISBN-13: 9781617260308
• ISBN-10: 1617260304
• Artikelnr.: 32815677

Autorenporträt

Arrow, Kenneth J.; Kruz, Mordecai

Inhaltsangabe

Chapter 1 Basic Concepts for the Theory of Public Investment
Chapter 2 Methods of Optimization over Time
Chapter 3 Optimal Investment Planning in a One-Commodity Model
Chapter 4 Optimal Investment in a Two-Sector Model
Chapter 5 Objectives, Markets, and Public Instruments
Chapter 6 Optimal Policy and Controllability with Imperfect Capital Markets
Chapter 7 Consumer Behavior in a Perfect Market
Chapter 8 Controllability of Public Policy in Perfect Capital Markets