@article{oai:nagoya.repo.nii.ac.jp:00023142,
 author = {Tamai, Toshiki and Kitaura, Koji},
 issue = {E16-9},
 journal = {Economic Research Center Discussion Paper},
 month = {Nov},
 note = {This paper develops a two-region model of endogenous growth with productive public goods, perfectly mobile capital, and immobile labor. Productive public goods have cross-border spillover effects, which mean that the production of one region is affected by the productive public good of another region. We investigate the interaction between regional fiscal policy, policy tasks of regional governments, and spillover effects under conditions of capital flight. Our analysis shows that regional governments, which have the task of maximizing regional welfare, fail to achieve this because of spillover effects. Further, it is shown that fiscal policy, with a common central government tax rate, also fails to maximize social welfare. Therefore, the Barro tax rule does not hold.},
 title = {Long-Run Growth and Welfare in an Endogenous Growth Model with Productive Public Goods and Spillover Effects},
 year = {2016}
}