This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the … predictability of court decisions, which leads to more transactions and higher investment levels. We investigate the effects on … economic growth of 15 judicial procedures. Employing a standard growth model, we find in a cross-section of 67 countries that …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral … higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …

. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … reduction of GDP growth, during later parts, only the investment reaction contributes to the GDP slowdown. A variance … to later parts of the sample, while the corresponding decomposition for investment growth reveals an increase in the role …

We examine whether government ideology was correlated with the growth in military expenditure in Germany over the … growth in military expenditure increased by about 2.4 percentage points, when the ideology variable (right-wing) increased by …

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the …

A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy … provides the limit to growth. Maximin value is interpreted as a dynamic environmental-economic carrying capacity and current … utility as an environmental-economic footprint. The time derivative of maximin value is interpreted as net investment in …