Government Spending Effects in a Policy Constrained Environment

Composition of Government Spending, Optimal Fiscal Policy, and Endogenous Growth in the Economy of Iran

This paper investigates the optimal fiscal policy, pertaining to government spending, considering different productivity of public services in production function and its impact on the optimal tax rate, the optimal rate of government spending, and optimal economic growth rate. Using the VECM model for Iranian economy over 48 years, results show while the current expenditure has a positive and s...

Government Spending Effects in a Small Open Economy∗

In this paper, the government consumption spending effects in a small open economy(SOE), are explored. In a standard active monetary/passive fiscal policy(AM/PF) regime, openness reduces the effectiveness of the government spending on output through the terms of trade decrease. Consumption decreases less than in the closed economy, but this effect is so weak that the output does not rise more t...

Government Policy Effects on

The effect of fiscal policy on social welfare due to government spending shocks, monetary and productivity

The most important issue for policymakers in optimal policy-making is to choose the tools that bring the equilibrium output to the desired level, with the least volatile income fluctuation. The main purpose of this paper is to investigate the effects of favorable fiscal policies on social welfare and business cycle management for the Iranian economy with respect to government spending shocks, m...

A CONSTRAINED SOLID TSP IN FUZZY ENVIRONMENT: TWO HEURISTIC APPROACHES

A solid travelling salesman problem (STSP) is a travelling salesman problem (TSP) where the salesman visits all the cities only once in his tour using dierent conveyances to travel from one city to another. Costs and environmental eect factors for travelling between the cities using dierent conveyances are dierent. Goal of the problem is to nd a complete tour with minimum cost that damages the ...