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• W3125521586 abstract "This paper uses a dynamic general equilibrium model calibrated to Ugandan data to examine the welfare effects of alternative scenarios of government expenditure and tax financing. Two expenditure types are considered: social spending that affects human capital, and infrastructure expenditures that affect productivity. The paper finds that social expenditures lead to higher economic growth depending on the form of financing; young generations benefit most from social spending financed by consumption taxes; agents do not substitute between human and physical capital as a result of changes in expenditure composition; and improving the productivity of fiscal expenditure is both growth and welfare enhancing." @default.
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• W3125521586 date "2000-01-01" @default.
• W3125521586 modified "2023-09-26" @default.
• W3125521586 title "Composition of Government Expenditure, Human Capital Accumulation, and Welfare" @default.
• W3125521586 doi "https://doi.org/10.2139/ssrn.879343" @default.
• W3125521586 hasPublicationYear "2000" @default.
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