The separability hypothesis and expenditure as an exogenous variable in a system of conditional demands are analyzed. Expenditure cannot be weakly exogenous in a system of conditional demands ...

Toby Walters is a financial writer, investor, and lifelong learner. He has a passion for analyzing economic and financial data and sharing it with others. An autonomous expenditure describes the ...

This is a preview. Log in through your library . Abstract This paper introduces two forms of interaction between private and public capital in an endogenous growth model in which productive government ...