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|Title:||Public Infrastructure, Congestion, and Fiscal Policy|
|Citation:||Economics and Finance Working papers, Brunel University, 02-01|
|Abstract:||A macro model is developed incorporating the productive e®ects 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.|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
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