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political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of … the environment. Public expenditures may either be devoted to supporting growth or abating pollution. The decision over …, the less she will tax and devote resources to the environment, preferring to support growth. …
Persistent link: https://www.econbiz.de/10010750774
In this paper, we analyze the interaction between corruption, taxation and economic growth. Our contributions are … twofold. Theoretically, in an endogenous growth model, we introduce corruption in two different ways: corruption in the public … growth rate positively but it can also exert a negative effect via fiscal revenue. Not only does it tend to make the tax rate …
Persistent link: https://www.econbiz.de/10008805920
We revisit the evidence of the existence of a long -run link between financial intermediation and economic growth, by … testing of cointegration between the growth rate of real GDP, control variables and three series reflecting financial … intermediation. We consider a model with a factor structure that allows us to determine whether the finance-growth link is due to …
Persistent link: https://www.econbiz.de/10008793870
growth. This paper analyses the innovation-productivity relationship at the industry-level for a sample of OECD manufacturing …Several recent policy and academic contributions consider that liberalising product markets would foster innovation and … and for a given time period. Contrary to the most widespread policy claims, the innovation-boosting effects of …
Persistent link: https://www.econbiz.de/10011025709
This paper reformulates the finance-growth nexus in the case of developing countries. Using the Neoclassical growth … framework, our contribution is threefold. First, we show that entrepreneurship is a growth-enhancing factor in both financial …
Persistent link: https://www.econbiz.de/10010899001
Restructuring practices belong to today's organizational life. Even if the phenomenon is not new it significantly … decisions. Much debated in popular medias, restructuring issues have been also inspiring scholars from various fields (sociology … hardly contributed in understanding the deep complexity and the multiple hidden dimensions of restructuring situations. We …
Persistent link: https://www.econbiz.de/10010679658
As we show using the notion of equilibrium in the theory of infinite sequential games, bubbles and escalations are rational for economic and environmental agents, who believe in an infinite world. This goes against a vision of a self regulating, wise and pacific economy in equilibrium. In other...
Persistent link: https://www.econbiz.de/10010821122
This paper examines empirically the interaction between immigration and host country economic conditions. We employ a panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10010821249
an income distribution and growth model. The reason to introduce capital scrapping results from the intuition of some …
Persistent link: https://www.econbiz.de/10010738440
This article aims at investigating the interplay between environmental quality, health and development. We consider an OLG model, where human capital dynamics depend on the current environment, through its impact on children's school attendance. In turn, environmental quality dynamics depend on...
Persistent link: https://www.econbiz.de/10010738589