Central Bank of Nigeria Library

Public investment, the rate of return, and optimal fiscal policy /

Arrow, Kenneth J.

Public investment, the rate of return, and optimal fiscal policy / - Baltimore : Published for Resources for the Future by the Johns Hopkins Press , c1970. - xxviii, 218 p. :ill,

Bibliography: p. 209-213.

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.

0801811244


Expenditures, Public
Government spending policy.
Fiscal policy
Economic policy

HJ131 / .A7

336.3'9'0973 / ARR