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Productivity Differences in OECD Countries

Pascual, Antonio I. Garcia - CESifo - 2000

This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests … data. Third, when the null hypothesis of non convergence is rejected, a second test determines the number of converging … countries. Based on a sample of thirteen OECD countries our results show evidence of convergence in three out of six sectors …

Persistent link: https://www.econbiz.de/10005094386

Market Structure, Technology Spillovers, and Persistence in Productivity Differentials

Cheung, Yin-Wong; Pascual, Antonio I. Garcia - CESifo - 2001

convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …

Persistent link: https://www.econbiz.de/10005406322

The Distributional Consequences of Tax Reforms under Market Distortions

Angelopoulos, Konstantinos; Jiang, Wei; Malley, Jim - CESifo - 2011

In this paper we examine the importance of imperfect competition in product and labour markets in determining the long-run welfare effects of tax reforms assuming agent heterogeneity in capital holdings. Each of these market failures, independently, results in welfare losses for at least a...

Persistent link: https://www.econbiz.de/10009325806

Optimal Taxation and the Skill Premium

Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2012

The stylized facts suggest a negative relationship between tax progressivity and the skill premium from the early 1960s until the early 1990s, and a positive one thereafter. They also generally imply rising tax progressivity, except for the 1980s. In this paper, we ask whether optimal tax policy...

Persistent link: https://www.econbiz.de/10009421691

Welfare Implications of Public Education Spending Rules

Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2008

In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public education expenditures, financed by distorting taxes, enhance the...

Persistent link: https://www.econbiz.de/10005405961

The Distributional Consequences of Supply-Side Reforms in General Equilibrium

Angelopoulos, Konstantinos; Fernandez, Bernardo X.; … - CESifo - 2011

Using a heterogeneous agent model allowing for different degrees of complementarity between capital, skilled and unskilled labour, this paper evaluates supply-side reforms consistent with lower public debt-to-GDP in the long-run. We find that, relative to the other tax reforms, capital tax cuts...

Persistent link: https://www.econbiz.de/10009144878

Time-consistent Fiscal Policy under Heterogeneity: Conflicting or Common Interests?

Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2011

This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...

Persistent link: https://www.econbiz.de/10009020092