The Macroeconomics of Corruption by Maksym Ivanyna Alex Mourmouras & Peter Rangazas
Author:Maksym Ivanyna, Alex Mourmouras & Peter Rangazas
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham
14.Define, in words, the following fiscal concepts?(a) budget deficit
(b)primary budget deficit
(c)budget surplus
(d)primary budget surplus
15.In words, explain the Government Intertemporal Budget Constraint. What is its purpose? How is it related to the fiscal gap ?
16.Give a verbal description of how government capital is introduced into the growth model.
17.Use (4.27) to explain how the addition of government investments , such as public schooling and roads, can improve the simulation results discussed in Question 12.
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