Public Spending in a Model of Endogenous Growth with Habit Formation

Table 1

Parameter and steady-state values.

𝛽	𝜀	𝛼	𝐵	𝜎	𝜌	𝛾	𝜏	𝑔	𝐶/𝑌	Φ
0.95	2	0.90	0.1175	1	0.25	0.90	0.10	0.02	0.728	0.025