Knowledge Spillover, Relative Wealth Seeking Motive and Government Expenditure Financing in Growth Analysis

DOI

10.2991/icoi-17.2017.36How to use a DOI?

Keywords

Knowledge spillover, relative wealth seeking motive, government expenditure financing

Abstract

This paper introduces the motive of the relative wealth seeking, which characterizes the entrepreneurship, into a knowledge-spillover-type endogenous growth model with a cash-in-advance constraint on consumption purchases and investment goods. I attempt to reexamine the growth effect of the wasteful government expenditure expansion, financed by alternative distortionary tax schemes, including seigniorage, consumption tax and income tax.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Min-Liang Hsieh
PY  - 2017/07
DA  - 2017/07
TI  - Knowledge Spillover, Relative Wealth Seeking Motive and Government Expenditure Financing in Growth Analysis
BT  - Proceedings of the 2017 International Conference on Organizational Innovation (ICOI 2017)
PB  - Atlantis Press
SP  - 207
EP  - 212
SN  - 1951-6851
UR  - https://doi.org/10.2991/icoi-17.2017.36
DO  - 10.2991/icoi-17.2017.36
ID  - Hsieh2017/07
ER  -