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Sustainability and Discounted Utilitarianism in Models of Economic Growth

Asheim, Geir B.; Mitra, Tapan - 2021

Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models … of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects … the interests of future generations and resolves intergenerational conflicts by imposing on discounted utilitarianism that …

Persistent link: https://www.econbiz.de/10013316410

Competition, Innovation, and Inclusive Growth

Aghion, Philippe; Hasanov, Fuad; Chérif, Réda - 2022

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in...

Persistent link: https://www.econbiz.de/10013306810

Tax Policy and Inclusive Growth

Abdel-Kader, Khaled; Mooij, Ruud A. de - 2021

This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy,...

Persistent link: https://www.econbiz.de/10013250090

The Tax Cuts and Jobs Act : An Appraisal

Chalk, Nigel Andrew - 2018

This paper assesses the landmark Tax Cuts and Jobs Act (TCJA), from the perspective of both the U.S. itself and the wider world. The reform has many positive aspects including steps to broaden the base of, and reduce marginal rates under, the personal income tax (PIT), reduce distortions to...

Persistent link: https://www.econbiz.de/10012912481

Coordinated Tax-Tariff Reforms, Informality, and Welfare Distribution

Ligthart, Jenny E. - 2010

The paper studies the revenue, efficiency, and distributional implications of a simple strategy of offsetting tariff reductions with increases in destination-based consumption taxes so as to leave consumer prices unchanged. We employ a dynamic micro-founded macroeconomic model of a small open...

Persistent link: https://www.econbiz.de/10013141409

Quantifying Optimal Growth Policy

Grossmann, Volker - 2010

The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Persistent link: https://www.econbiz.de/10013142140

The Welfare Effects of Health-Based Food Tax Policy

Kotakorpi, Kaisa - 2011

This paper examines the effects of health-oriented food tax reforms on the distribution of tax payments, food demand and health outcomes. Unlike earlier work, we also take into account the uncertainty related to both demand estimation and health estimates and report the confidence intervals for...

Persistent link: https://www.econbiz.de/10013118491

Growth Forecast Errors and Fiscal Multipliers

Blanchard, Olivier - 2013

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong,...

Persistent link: https://www.econbiz.de/10013085993

Fiscal Consolidations and Growth : Does Speed Matter?

Pennings, Steven - 2013

Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on consolidation size to allow speed to affect the...

Persistent link: https://www.econbiz.de/10013071926

Western Balkans : Increasing Women's Role in the Economy

Atoyan, Ruben - 2018

The Western Balkan countries have some of the lowest female labor force participation and employment rates across Europe. Almost two-thirds of working age women in the region are either inactive or unemployed: a huge bite into human capital for a region that endures high emigration and faces...

Persistent link: https://www.econbiz.de/10012927462