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Fiscal Decentralisation and Public Investment: The Experience of Latin America

Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2010

Despite large differences across countries, Latin America’s average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison. Empirical evidence on the effects of fiscal decentralisation on investment based on a panel of...

Persistent link: https://www.econbiz.de/10008764469

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2007

convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …

Persistent link: https://www.econbiz.de/10005045653

Avoiding the Value Added Tax: Theory and Cross-Country Evidence

Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2008

This paper develops a differential game of tax avoidance by modelling the interactions between a taxpayer and the tax authority. This framework is particularly useful for explicitly modelling situations of conflict. The solution to the game is a non-co-operative Nash that depends on the...

Persistent link: https://www.econbiz.de/10005045741

Estimating a Fiscal Reaction Function: The Case of Debt Sustainability in Brazil

Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2005

This paper reviews recent trends in fiscal performance in Brazil, estimates fiscal reaction functions for the consolidated public sector and different levels of government, and tests for the sustainability of the public debt dynamics. The empirical analysis, based on monthly data for the period...

Persistent link: https://www.econbiz.de/10005046037

Do Corporate Taxes Reduce Productivity and Investment at the Firm Level?: Cross-Country Evidence from the Amadeus Dataset

Schwellnus, Cyrille; Arnold, Jens - Economics Department, Organisation de Coopération et … - 2008

This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...

Persistent link: https://www.econbiz.de/10005046045

Brazil's Fiscal Stance during 1995-2005: The Effect of Indebtedness on Fiscal Policy Over the Business Cycle

Mello, Luiz de; Moccero, Diego - Economics Department, Organisation de Coopération et … - 2006

Brazil's fiscal adjustment since the floating of the real in 1999 has been impressive, even in periods of lacklustre growth. This suggests a remarkable fiscal effort to ensure public debt sustainability. To better gauge the magnitude of this adjustment effort, this paper applies the methodology...

Persistent link: https://www.econbiz.de/10005046134

Do Tax Structures Affect Aggregate Economic Growth?: Empirical Evidence from a Panel of OECD Countries

Arnold, Jens - Economics Department, Organisation de Coopération et … - 2008

This paper examines the relationship between tax structures and economic growth by entering indicators of the tax structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human capital are accounted for. The results of the analysis...

Persistent link: https://www.econbiz.de/10005046159

Managing Chile's Macroeconomy during and after the Copper Price Boom

Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2008

Compliance with the structural budget surplus rule, which has been in place since 2001, has allowed the government to maintain a counter-cyclical fiscal stance in an environment of rising copper prices, while delivering a gradual reduction in public indebtedness. Monetary policy is conducted...

Persistent link: https://www.econbiz.de/10005046168