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Public versus private investment in human capital: endogenous growth and income inequality

G Glomm… - Journal of Political Economy, 1992 - JSTOR
In this paper, we present an overlapping generations model with heterogeneous agents in
which human capital investment through formal schooling is the engine of growth. We use
simple functional forms for preferences, technologies, and income distribution to highlight ...
Cited by 861 - Related articles - Get it from MIT Libraries - All 13 versions

Public investment in infrastructure in a simple growth model

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G Glomm… - Journal of Economic Dynamics and Control, 1994 - Elsevier
Abstract In this paper, we examine the implications for capital accumulation when
infrastructure enters as an external input into private production functions. In our model,
infrastructure is nonexclusive but may exhibit varying degrees of nonrivalry. Revenues ...
Cited by 386 - Related articles - All 5 versions

Productive government expenditures and long-run growth

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G Glomm… - Journal of Economic Dynamics and Control, 1997 - Elsevier
The purpose of this paper is to review some of the recent developments in endogenous
growth models. Specifically, our focus is on the growth effects of productive government
spending in dynamic general equilibrium models. We use a simple overlapping ...
Cited by 288 - Related articles - BL Direct - All 9 versions

Opting out of publicly provided services: A majority voting result

[PDF] from ciefr.net
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G Glomm… - Social choice and welfare, 1998 - Springer
Abstract. Our objective in this paper is to examine majority voting in an environment where
both public and private alternatives coexist. We construct a model in which households are
differentiated by income and have the option of choosing between publicly provided ...
Cited by 121 - Related articles - BL Direct - All 12 versions

Parental choice of human capital investment

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G Glomm - Journal of Development Economics, 1997 - Elsevier
In this paper we present a model in which parents make schooling decisions for their
children. We compare two educational regimes: public and private education. In the private
education regime all human capital investment decisions are made by individuals. Under ...
Cited by 89 - Related articles - Library Search - All 12 versions

Long-run growth and welfare effects of public policies with distortionary taxation

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SL Baier… - Journal of Economic Dynamics and Control, 2001 - Elsevier
In a one-sector growth model with infrastructure investment, we study the impact of fiscal
policies on growth. The government collects taxes on labor income and profits. The
government uses these revenues to purchase infrastructure investment, provide utility ...
Cited by 92 - Related articles - All 7 versions

Flat-rate taxes, government spending on education, and growth

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G Glomm… - Review of Economic Dynamics, 1998 - Elsevier
We address three questions in this paper. First, what is the impact on growth of changes in
flat-rate taxes when government spending on education affects private decisions to
accumulate human capital? Second, are the growth effects negligible when we ...
Cited by 80 - Related articles - BL Direct - All 7 versions

AIDS crisis and growth

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P Corrigan, G Glomm… - Journal of Development Economics, 2005 - Elsevier
We investigate an OLG economy where an AIDS epidemic influences human capital
accumulation and growth through the creation of large numbers of orphans. We study how
intra-family allocations regarding school and work time of children are adjusted in the face ...
Cited by 78 - Related articles - All 15 versions

Public education and income inequality

G Glomm… - European Journal of Political Economy, 2003 - Elsevier
This paper examines the evolution of inequality in an overlapping generations model where
each individual's human capital investment depends on quality of schools. We consider an
education regime where the quality of schools is a publicly provided input financed by an ...
Cited by 52 - Related articles - Get it from MIT Libraries - All 7 versions

Why poor countries rely mostly on redistribution in-kind

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P Bearse, G Glomm… - Journal of Public Economics, 2000 - Elsevier
We present a model in which the crucial distinction between rich and poor countries is that
governments in rich countries have access to a more productive tax collection technology
than governments in poor countries. Since the tax collection technology in poor countries ...
Cited by 51 - Related articles - All 6 versions

The connection between maternal employment and childhood obesity: Inspecting the mechanisms

[PDF] from nber.org
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A Fertig, G Glomm… - Review of Economics of the Household, 2009 - Springer
Abstract This paper investigates the channels through which maternal employment affects
childhood obesity. We use time diaries and interview responses from the Child Development
Supplement of the Panel Study of Income Dynamics which combines information on ...
Cited by 50 - Related articles - All 23 versions

Distributional Effects of Public Education in an Economy with Public Pensions*

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G Glomm… - International Economic Review, 2003 - Wiley Online Library
We study how the allocation of government expenditures between two major outlays—
education and pay-as-you-go social security—affects human capital distribution in an
economy with heterogeneous agents. We consider an overlapping generations economy ...
Cited by 48 - Related articles - BL Direct - All 14 versions

On the political economy of means-tested education vouchers

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P Bearse, G Glomm… - European Economic Review, 2000 - Elsevier
We use computational experiments to study the impact of means-tested education vouchers
on the level and distribution of educational expenditures. Our benchmark is a regime where
public and private schools coexist. Our means-tested voucher regime is one where ...
Cited by 45 - Related articles - All 10 versions

Endogenous public policy and multiple equilibria

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G Glomm… - European Journal of Political Economy, 1996 - Elsevier
One of the well known roles of public policy in models with indeterminacy is to reduce the set
of equilibria. However, agents' expectations regarding future policy may be self fulfilling
when public policy is endogenized. We show that a simple overlapping generations ...
Cited by 39 - Related articles - Library Search - All 6 versions

Growth-inequality trade-offs in a model with public sector R&D

G Glomm… - Canadian Journal of Economics, 1994 - JSTOR
In this paper, we present an infinite-horizon economy where the stock of technological
knowledge enhances the productivity of all households. Technological knowledge depends
upon public sector investments in R&D. These investments are financed by income taxes. ...
Cited by 38 - Related articles - Get it from MIT Libraries - BL Direct - All 5 versions

Competitive equilibrium and public investment plans1

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G Glomm… - Journal of Economic Dynamics and Control, 1999 - Elsevier
We examine a one-sector growth model in which public capital is an external input to private
production functions. Revenues from taxing capital and labor income are used to fund public
investments. The competitive equilibrium can be obtained by solving an artificial planning ...
Cited by 35 - Related articles - Library Search - All 6 versions

A model of growth and migration

G Glomm - Canadian Journal of Economics, 1992 - JSTOR
This paper contains a model with which the desirability of persistent urbanization can be
examined. There are two regions: city and countryside. Joint restrictions on the technologies
in each region and on preferences over the goods produced in each region are the driving ...
Cited by 34 - Related articles - Get it from MIT Libraries - BL Direct - All 6 versions

A dynamic Tiebout theory of voluntary vs. involuntary provision of public goods

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G Glomm… - Review of Economic Studies, 1999 - Wiley Online Library
This paper considers a dynamic model of Tiebout-like migration between communities that
utilize distinct allocation procedures for public goods. At issue is whether voluntary or
compulsory procedures are more likely to prevail over time. We model infinitely lived ...
Cited by 34 - Related articles - BL Direct - All 20 versions

Human capital accumulation and endogenous public expenditures

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G Glomm… - Canadian Journal of Economics/ …, 2001 - Wiley Online Library
In this paper, we present an overlapping-generations model, where individuals accumulate
human capital through formal schooling. We model the role of the public sector in schooling
as one of collecting taxes from households and providing inputs to the learning ...
Cited by 34 - Related articles - BL Direct - All 14 versions

Charter school location

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G Glomm, D Harris… - Economics of Education Review, 2005 - Elsevier
Charter schools represent one part of the larger movement toward parental choice in
education, which is intended to improve school efficiency and innovation. We hypothesize
that the number of charter schools entering in a local education market depends on how ...
Cited by 30 - Related articles - All 8 versions

Optimal intertemporal consumption decisions under the threat of starvation

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G Glomm… - Journal of Development Economics, 1993 - Elsevier
Abstract This paper studies consumption and saving decisions over time in a life cycle
model in which survival from one period to the next is endogenous. Survival probabilities
depend on health, which is a capital stock subject to depreciation and which can be ...
Cited by 27 - Related articles - All 6 versions

A Tiebout theory of public vs private provision of collective goods

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G Glomm… - Journal of Public Economics, 1998 - Elsevier
We study whethercoercive'public provision or voluntary private provision of public goods can
survive when individuals whovote with their feet'can choose between communities that differ
in the way that public goods are provided. We obtain the following findings:(i) an ...
Cited by 25 - Related articles - All 12 versions

[CITATION] Vouchers, public and private education, and income distribution

G Glomm… - Econometrics and Economic Theory Paper, 1999
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Alienation, indifference and the choice of ideological position

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SP Anderson… - Social Choice and Welfare, 1992 - Springer
In this paper we describe a simple model of individual voting behavior and present its
implications for the candidate positioning problem under both vote and plurality
maximization. Under our assumptions, some voters at the extremes of the ideological ...
Cited by 21 - Related articles

Public Pensions and Capital Accumulation: The Case of Brazil

[PDF] from econstor.eu
G Glomm, J Jung, C Lee… - CESifo Working Paper Series …, 2005 - papers.ssrn.com
Abstract: We use an OLG model to study the effects of the generous public sector pension
system in Brazil. In our model there are two types of workers, one working in the private
sector, the other working in the public sector. Public workers produce infrastructure or ...
Cited by 20 - Related articles - Library Search - All 29 versions

Green taxes and double dividends in a dynamic economy

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G Glomm, D Kawaguchi… - Journal of Policy Modeling, 2008 - Elsevier
This paper examines a revenue neutral green tax reform along the lines of the double
dividend hypothesis. Using a dynamic general equilibrium model calibrated to the US
economy, we find that increasing gasoline taxes and using the revenue to reduce capital ...
Cited by 20 - Related articles - All 17 versions

[PDF] Education finance in a dynamic Tiebout economy

[PDF] from cepr.org.uk
P Bearse, G Glomm… - 2001 - cepr.org.uk
Abstract We use computational experiments to study the impact of two inM stitutions,
centralized funding and vouchers, on the distribution of inM come in a dynamic, twoM
schoolMdistrict economy where public funding levels are determined by majority rule. In ...
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Social security, public education and the growth-inequality relationship

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G Glomm… - European Economic Review, 2008 - Elsevier
We study how the relationship between economic growth and inequality depends upon the
levels of funding of two of the largest government programs, public education and social
security. We do this in the context of an overlapping generations economy with ...
Cited by 20 - Related articles - All 5 versions

AIDS, Human Capital and Growth

[PDF] from uark.edu
P Corrigan, G Glomm… - 2005 - papers.ssrn.com
Abstract: We use an overlapping generations model of human capital accumulation to study
the impact of the AIDS crises on growth. In our model, the AIDS crisis lowers life expectancy
and thus the incentive to save and accumulate physical capital. Moreover, the AIDS crisis ...
Cited by 17 - Related articles - All 2 versions

Whatever happened to the Kuznets curve? Is it really upside down?

G Glomm - Journal of Income Distribution, 1997 - Elsevier
Kuznets (1955) embarked on a research program whose goal was to find the determinants
of the long run levels and trends in income inequality and the relationship between income
inequality and economic growth. Recently a small body of theoretical work has developed ...
Cited by 14 - Related articles - All 4 versions

Increasing returns, human capital, and the Kuznets curve

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G Glomm… - Journal of Development Economics, 1998 - Elsevier
We present a simple model of human capital accumulation which generates the Kuznets
curve as an equilibrium outcome. The central ingredient that helps generate the Kuznets
curve in the model is what we call short-run increasing returns to scale in the learning ...
Cited by 15 - Related articles - All 8 versions

Income distribution effects of public education and social security in a growing economy

G Glomm… - Working Papers, 1999 - econpapers.repec.org
Abstract: We study how the allocation of government expenditures between two major outlays
-- education and pay-as-you-go social security -- affects income distribution in an economy with
heterogeneous agents. ... There are no downloads for this item, see the EconPapers FAQ ...
Cited by 13 - Related articles - Cached - Get it from MIT Libraries - All 5 versions

Endogenous public expenditures on education

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P Bearse, G Glomm… - Journal of Public Economic …, 2005 - Wiley Online Library
Abstract We construct a model of the determination of public funding of education through
majority voting. Households have the option of privately supplementing public education.
Alternatively, they can opt out of public education completely and choose private ...
Cited by 12 - Related articles - BL Direct - All 7 versions

Inequality, majority voting and the redistributive effects of public education funding

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G Glomm - Pacific Economic Review, 2004 - Wiley Online Library
Abstract. This paper documents that in poor countries redistribution in cash is negligible. To
the extent that public education funding is redistributive, the lion's share of redistribution in
poor countries is through public education budgets. I present a simple model of how ...
Cited by 12 - Related articles - BL Direct - All 8 versions

[PDF] Populist budgets and long run growth

[PDF] from yale.edu
F Rioja… - unpublished, Indiana University (April 2003 …, 2003 - aida.econ.yale.edu
Abstract Latin American economic policy in the 20 th century was often dominated by
populist administrations. Populist governments typically advocate large government
expenditures and large government debt. While most studies have concentrated on the ...
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Homelessness and labor markets

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G Glomm… - Regional Science and Urban Economics, 2002 - Elsevier
The paper develops a simple two-period model in which homelessness arises
endogenously. There is a non-convexity in the housing market, so some agents optimally
choose not to consume housing. In the model, homelessness leads to lower labor ...
Cited by 10 - Related articles - All 7 versions

Incumbency effects in political campaigns

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SP Anderson… - Public Choice, 1992 - Springer
In this paper we examine two effects of incumbency. First, an incumbent may have an
advantage in creating a favorable image in the eyes of the voters. Second, the incumbent
may have to chose a position before the challenger; this second aspect of incumbency is ...
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[CITATION] E. Janeba (2000): Why Poor Countries Rely Mostly on Redistribution In-Kind

P Bearse… - Journal of Public Economics
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[PDF] Majority voting and means-tested vouchers

[PDF] from uncg.edu
P Bearse, G Glomm… - Work. Pap., Univ. of Iowa, 2004 - uncg.edu
Abstract We develop a model of publicly funded means-tested education vouchers. In this
model, the voucher received by each household is a decreasing function of household
income. We prove the existence of a sequential majority voting equilibrium where ...
Cited by 9 - Related articles - View as HTML - All 2 versions

Macroeconomic implications of early retirement in the public sector: The case of Brazil

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G Glomm, J Jung… - Journal of Economic Dynamics and Control, 2009 - Elsevier
In Brazil generous public sector pensions have induced civil servants to retire on average at
age 55. In this paper we assess the efficiency gains from eliminating such policy induced
early retirement in a two-sector overlapping generations economy. We find the adverse ...
Cited by 8 - Related articles - All 14 versions

Composition of Government Budget, Non‐Single Peakedness, and Majority Voting

[PDF] from narotama.ac.id
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P Bearse, G Glomm… - Journal of Public Economic …, 2001 - Wiley Online Library
In this paper we study whether majority voting equilibria exist when preferences over public
policies are not single peaked. The government levies a proportional income tax. Tax
revenue is used to finance a uniform lump-sum transfer and public education. Individuals ...
Cited by 7 - Related articles - BL Direct - All 10 versions

Why do Education Vouchers Fail?

[PDF] from iu.edu
P Bearse, BA Cardak, G Glomm… - Caepr Working …, 2009 - papers.ssrn.com
Abstract We examine quantitatively why uniform vouchers have repeatedly suffered electoral
defeats against the current system where public and private schools coexist. We argue that
the topping% up option available under uniform vouchers is not suffi ciently valuable for ...
Cited by 6 - Related articles - All 38 versions

Should the Private Sector Provide Public Capital?

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S Chatterjee, J Aizenman… - Macroeconomic …, 2007 - Cambridge Univ Press
The choice between private and government provision of a productive public good like
infrastructure (public capital) is examined in the context of an endogenously growing open
economy. The accumulation of public capital need not require government provision, in ...
Cited by 6 - Related articles - BL Direct - All 10 versions

[CITATION] Education Finance in a Multidistrict Economy

P Bearse, G Glomm… - Michigan State University. Mimeo, 1996
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Growth effects of spatial redistribution policies

[PDF] from 134.245.92.14
C Arcalean, G Glomm… - 2012 - papers.ssrn.com
Abstract: Regional income disparities have increased in many European countries recently,
even as national and supra-national policy instruments were created to correct them. To
explain these evolutions, we develop a two-region, two-sector model with migration and ...
Cited by 6 - Related articles - All 28 versions

[CITATION] Parental investment in human capital

Full text - MIT Libraries
G Glomm - Journal of Development Economics, 1997
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[PDF] Endogenous expenditures on public schools and persistent growth

[PDF] from frb.org
G Glomm… - Institute for Empirical Macroeconomics …, 1993 - mpls.frb.org
ABSTRACT In this paper, we present a model where individuals accumulate human capital
through the formal schooling. To take into account the large involvement of the public sector
in education we introduce a government which collects taxes from households and ...
Cited by 4 - Related articles - All 12 versions

[PDF] Fiscal policy and long-run growth in brazil

[PDF] from webmeets.com
G Glomm… - Unpublished paper, Indiana University, 2004 - webmeets.com
Abstract: We employ a simple overlapping generations economy to study the impact of fiscal
policy reform on long'run growth in Brazil. Our findings include:(i) Reallocating public
expenditures from transfers to productive expenditures has sizeable growth effects.(ii) The ...
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Public budget composition, fiscal (de) centralization, and welfare

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C Arcalean, G Glomm, I Schiopu… - Canadian Journal of …, 2010 - Wiley Online Library
Abstract We study the optimal degree of fiscal decentralization in a dynamic federal
economy where governments decide on budget size and its allocation between public
education and infrastructure spending. We find that full centralization of tax and ...
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On the social stability of coalitional property rights regimes

[PDF] from 129.3.20.41
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G Glomm… - Social Choice and Welfare, 1999 - Springer
Abstract. We present a model of coalitional property rights (CPR) regimes–regimes in which
ownership of a good is attributable to coalitions of various sizes. Specifically, for each good,
we define a legal structure that specifies the legal coalitions of individuals that share a ...
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[CITATION] A Dynamic Tiebout Theory of Voluntary vs. Involuntary Provision of Public Goods

Full text - MIT Libraries
G Gerhard… - Review of Economic Studies, 1999
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[PDF] Privatization, Deregulation and Capital Accumulation

[PDF] from textedu.com
G Glomm… - 2004 - textedu.com
Abstract In this paper we study how privatization and deregulation of production of
intermediate goods influence capital accumulation. Our model is solved under three
alternative scenarios: one where the intermediate sector is composed of a public ...
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[CITATION] Public versus Private Provision of Education under Majority Voting

G Glomm… - Thomas Jefferson Center, Discussion Paper, 1992
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[CITATION] Education Finance in a Dynamic Tiebout Economy

B Peter, G Gerhard… - 2001 - mimeo
Cited by 2 - Related articles

[CITATION] Endogenous Public Expenditures on Education

G Gerhard… - 2002 - mimeo
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Specialization, inequality and the social stability of economies with collective property rights

G Glomm… - Mathematical Social Sciences, 1995 - Elsevier
Many, if not most, economies are observed to exhibit some form of collective ownership with
some goods. These economies may fail to be socially stable, in the sense that the economy
has an empty core; some groups may have an incentive to 'recontract out'. We show that, ...
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[CITATION] Professor and Chair Assistant Professor Department of Economics Department of Economics Indiana University Indiana University 100 S

GGB Peterson - Woodlawn
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[PDF] Public Sector Pension Policies and Capital Accumulation in Emerging Economies

[PDF] from changmin74.com
G Glomm, J Jung, C Lee… - Discussion Papers, 2009 - changmin74.com
Abstract In emerging economies pension programs of public sector workers tend to be more
generous than pension programs of private sector workers. In this paper we study the
adverse effects of these generous pension schemes on income and welfare, using a two- ...
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A Tiebout Theory of Public vs Private Provision of Collective Goods

R Lagunoff… - 1997 - papers.ssrn.com
Abstract: We study whether" coercive" public provision or voluntary private provision of
public goods can survive when individuals who" vote with their feet" can choose between
communities that differ in the way that public goods are provided. We obtain the following ...
Related articles - All 6 versions

Privatization, Deregulation and Capital Accumulation

F Mendez… - 2005 - papers.ssrn.com
Abstract: In this paper we study how privatization and deregulation of production of
intermediate goods influence capital accumulation. Our model is solved under three
alternative scenarios: one where the intermediate sector is composed of a public ...

Why Do Education Vouchers Fail?

G Glomm, P Bearse, BA Cardak… - papers.ssrn.com
Abstract: We examine quantitatively why uniform vouchers have repeatedly suffered
electoral defeats against the current system where public and private schools coexist. We
argue that the topping-up option available under uniform vouchers is not suficiently ...

[CITATION] Andrew W. Horowitz** Department of Economics Sam M. Walton College of Business University of Arkansas Fayetteville, AR 72701-1201

RD Margo, G Glomm, B Ravikumar… - 2000
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Public Sector Pension Policies and Capital Accumulation in an Emerging Economy: The Case of Brazil

[PDF] from towson.edu
G Glomm, J Jung, C Lee… - 2009 - papers.ssrn.com
Abstract: In many emerging economies such as Brazil, pension programs of public sector
workers are more generous than pension programs of private sector workers. The
opportunity costs of running generous public pension schemes for civil servants are ...
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[CITATION] Formal Schooling and Growth in an Overlapping Generations Model

G Glomm… - 1992 - Center for Economic Research and …
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[PDF] Sectoral Infrastructure Investment In An Unbalanced Growing Economy: The Case Of India

[PDF] from isid.ac.in
C Ghate, G Glomm… - 2011 - isid.ac.in
Abstract We construct a two sector dynamic general equilibrium model to study the sectoral
allocation of public infrastructure investments in the agriculture and manufacturing sectors in
India. In addition to the changing employment and output shares of these two sectors, the ...
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[PDF] The Timing of Redistribution

[PDF] from towson.edu
G Glomm… - pages.towson.edu
Abstract We investigate whether late redistribution programs that can be targeted towards
low income families can” dominate” early redistribution programs that cannot be targeted
due to information constraints. We use simple two-period OLG models with ...
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[PDF] Education Finance in a Dynamic Tiebout Economy

[PDF] from cerge-ei.cz
G Glomm - 2001 - iweb.cerge-ei.cz
Abstract We use computational experiments to study the impact of two institutions,
centralized funding and vouchers, on the distribution of income in a dynamic, two-school-
district economy where public funding levels are determined by majority rule. In this model ...
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[CITATION] Inequality and the Social Stability of Economies with Collective Property Rights

G Glomm, RD Lagunoff… - 1992 - University of Pennsylvania, Center …

[CITATION] Clive R. Belfield and M. Levin Henry, Editors, Privatizing educational choices: Consequences for parents, schools and public policy, Paradigm Publishers, …

Full text - MIT Libraries
G Glomm - Economics of Education Review, 2007 - econpapers.repec.org
... Clive R. Belfield and M. Levin Henry, Editors, Privatizing educational choices: Consequences
for parents, schools and public policy, Paradigm Publishers, Boulder, London (2005) ix-225pp.
Gerhard Glomm (). Economics of Education Review, 2007, vol. ...
Cached - All 4 versions

[CITATION] Income Distribution Effects of Public Education And Social Security in a Growing Economy

GGM Kaganovich
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[CITATION] Essays on the theory of economic growth

G Glomm - 1988 - en.scientificcommons.org
Publication View. 5052523. Essays on the theory of economic growth / (1988). Glomm, Gerhard.
Abstract. Thesis (Ph. D.)--University of Minnesota, 1988.. Includes bibliographical references.
Publication details. Download, http://worldcat.org/oclc/29060677. ...
Cached

[CITATION] 'Department of Economics, Michigan State University, East Lansing, Ml 48824-1038, USA" Department of Economics, Georgetown University, Washington, …

G Glomm… - Public facilities planning, 2006 - Edward Elgar Publishing
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Why do education vouchers fail at the ballot box?

[PDF] from stlouisfed.org
P Bearse, BA Cardak, G Glomm… - Working Paper …, 2011 - research.stlouisfed.org
We compare a uniform voucher regime against the status quo mix of public and private
education, focusing on the distribution of welfare gains and losses across house-holds by
income. We argue that the topping-up option available under uniform vouchers is not ...
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The Generational Effects of Fiscal Policy in a Small Open Economy

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G Glomm… - Public Finance Review, 2012 - pfr.sagepub.com
Abstract The reform of the fiscal system has for many years occupied center stage in policy
discussions in developing countries. The authors employ a simple overlapping generations
(OLG) model in a small open economy setting to study the impact of fiscal policy reform on ...
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Does Inefficiency Justify Privatization? The Case of Intermediate Industry Monopolies

[PDF] from 129.3.20.41
G Glomm… - 2004 - papers.ssrn.com
Abstract: In this paper, we study the divestiture of state monopolies frequently found in
intermediate industries. Using a theoretical model of an aggregate economy, we restrict our
attention to the case where the monopolistic structure is preserved in the process of ...
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[PDF] A Macroeconomic Analysis of the Fiscal System in Egypt

[PDF] from towson.edu
G Glomm… - Working Papers, 2010 - towson.edu
Abstract We construct a dynamic general equilibrium model to analyze the fiscal situation of
Egypt. We model Egypt as a small open economy that takes real interest rates and world
prices of fuel as given. Since a large component of the government budget consists of ...
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[PDF] Fiscal Austerity Measures: Spending Cuts vs. Tax Increases

[PDF] from towson.edu
G Glomm, J Jung… - 2012 - pages.towson.edu
Abstract Increasing fiscal deficits raise the possibility that many advanced economies will
reach a state at which taxes and spending can no longer adjust to stabilize debt, which
eventually leads governments to implement “unpleasant” fiscal austerity measures. In this ...
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A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy: The Case of Egypt

[PDF] from iub.edu
G Glomm… - 2012 - papers.ssrn.com
Abstract: We construct a dynamic general equilibrium model to analyze the effects of large
energy subsidies in a small open economy. The model pays special attention to domestic
energy production and consumption, trade in energy at world market prices, as well as ...

[PDF] Intermediate Industry Monopolies: Long% Run Implications of Private and Public Ownership

[PDF] from uark.edu
G Glomm, F Méndez… - 2006 - comp.uark.edu
Abstract We use an infinitely lived agent model in which an intermediate good is provided
either by a public or a private monopolist to study the effects of privatization on steady state
levels of income. We allow for public sector ineffi ciencies (x $ ineffi ciency) which shift ...
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