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On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply
Hek, Paul A. de - Tinbergen Instituut - 2003
This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical … theeffects of taxation - including income taxation, capital incometaxation and labor income taxation - distinguishes between … oflabor supply, taxation of income may induce agents to spend moreor less time on leisure activities. In the case of …
Persistent link: https://www.econbiz.de/10011256980
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Long Term Government Debt, Financial Fragility and Sovereign Default Risk
Kwaak, Christiaan van der; Wijnbergen, Sweder van - Tinbergen Instituut - 2013
We analyze the interaction between bank rescues, financial fragility and sovereign debt discounts. We construct a model that contains balance sheet constrained financial intermediaries financing both capital expenditure of intermediate goods producers and government deficits. The financial...
Persistent link: https://www.econbiz.de/10011255596
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Financial Fragility and the Fiscal Multiplier
Wijnbergen, Sweder van; Kwaak, Christiaan van der - Tinbergen Instituut - 2014
We investigate the effectiveness of `Keynesian' fiscal stimuli when government deficits and debt rollovers are (possibly partially) financed by balance sheet constrained financial intermediaries. Because financial intermediaries operate under a leverage constraint, deficit financing of fiscal...
Persistent link: https://www.econbiz.de/10011255700
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Fiscal Deficits, Financial Fragility, and the Effectiveness of Government Policies
Kirchner, Markus; Wijnbergen, Sweder van - Tinbergen Instituut - 2012
Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...
Persistent link: https://www.econbiz.de/10011256676
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Financial Fragility, Sovereign Default Risk and the Limits to Commercial Bank Bail-outs
Wijnbergen, Sweder van; Kwaak, Christiaan van der - Tinbergen Instituut - 2013
of a maximum sustainable level of debt, derived from the maximum level of taxation that is politically feasible. When …
Persistent link: https://www.econbiz.de/10011257190
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Growth Effects of Fiscal Policies - A Comparative Analysis in a Multi-Country Context
Brons, Martijn; Groot, Henri L.F.M. de; Nijkamp, Peter - Tinbergen Instituut - 1999
, taxation and growth,most empirical analyses arerestricted to simple linear regressions of growth on some measure of …
Persistent link: https://www.econbiz.de/10011255976
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A Fragmented China
Poncet, Sandra - Tinbergen Instituut - 2004
This paper studies the degree of integration of China's domestic market and investigates the determinants of inter-provincial trade barriers under the rubric endogenoustrade policy theory. I rely on industry-level trade flows extracted from provincial input-output tables to develop a model that...
Persistent link: https://www.econbiz.de/10011256448
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Trade and Growth under Limited Liberalization
Bakanova, Marina; Souza, Lúcio Vinhas de - Tinbergen Instituut - 2002
This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...
Persistent link: https://www.econbiz.de/10011256548
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Economic Integration and Manufacturing Location in EU Accession Countries
Longhi, Simonetta; Nijkamp, Peter; Traistaru, Iulia - Tinbergen Instituut - 2003
This paper investigates patterns of manufacturing location in the context of increased economic integration in Central and East European countries. Using regional data for the period 1990-1999, we identify and compare patterns and determinants of manufacturing location in five European Union...
Persistent link: https://www.econbiz.de/10011257184
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On the Extent of Economic Integration: A Comparison of EU Countries and US States
Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - Tinbergen Instituut - 2010
This discussion paper led to a forthcoming publication in </I>Journal of Regional Science</I> entitled 'Are EU Countries less Integrated than US States? Theory and Evidence'.<P>European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this context, the...</p>
Persistent link: https://www.econbiz.de/10011257234