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"Political economy explanations for fiscal profligacy are dominated by models of bargaining among organized interest groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments consisting of a coalition of political parties spend more than...
Persistent link: https://www.econbiz.de/10010520997
"The fact that raising taxes can increase taxed labor supply through income effects is frequently used to justify much lower measures of the marginal welfare cost of taxes and greater public good provision than indicated by traditional, compensated analyses. The authors confirm that this...
Persistent link: https://www.econbiz.de/10010522500
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commercial and investment climate factors that may affect enterprises' actual or perceived costs and risks. Both water and …
Persistent link: https://www.econbiz.de/10011393961
, land-related investment, and rental market participation and yielded benefits significantly above the cost of …
Persistent link: https://www.econbiz.de/10010520995
"This paper investigates how China's saving, investment, and saving-investment balance will evolve in the decades ahead …, cross-country empirical analysis shows that economywide saving and investment in China are higher than what would be …-saving and investment would both decline only mildly in the coming two decades, with ambiguous impact on the current account …
Persistent link: https://www.econbiz.de/10010522104
"This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each...
Persistent link: https://www.econbiz.de/10010522214
affect private investment. Then they describe their empirical framework, which is based on a vector autoregression (VAR …) model that accounts for flows and (quality-adjusted) stocks of public infrastructure, private investment, as well as changes … public infrastructure has both "flow" and "stock" effects on private investment in Egypt, but only a "stock" effect in Jordan …
Persistent link: https://www.econbiz.de/10010522539