Narrow search
Showing 1 - 10 of 1,609
Cover Image
Harnessing Windfall Revenues : Optimal Policies for Resource-Rich Developing Economies
van der Ploeg, Rick - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10012764524
Cover Image
Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - 2014
-hyperbolic discounting, the optimal subsidy is unrelated to this level. With discount rates that are strictly decreasing in relative time …
Persistent link: https://www.econbiz.de/10013060520
Cover Image
Fiscal Policy and Dutch Disease
van der Ploeg, Rick - 2021
In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...
Persistent link: https://www.econbiz.de/10013316031
Cover Image
Incentive Regulation, Investments and Technological Change
Vogelsang, Ingo - 2021
Based on an idiosyncratic reading of the literature I propose intermediate (rather than tight or soft) regulation for balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible with incentive regulation and helps lengthening the...
Persistent link: https://www.econbiz.de/10013316240
Cover Image
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
Cover Image
Dynamically Optimal R&D Subsidization
Grossmann, Volker - 2010
from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then … slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …
Persistent link: https://www.econbiz.de/10013139245
Cover Image
Lobbying for Education in a Two-Sector Model
Di Gioacchino, Debora - 2011
In a two-period model, firms specialized in two different sectors lobby to induce the government to subsidize the type of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both sectors will lobby in equilibrium and education policy will...
Persistent link: https://www.econbiz.de/10013125068
Cover Image
A Commitment Theory of Subsidy Agreements
Brou, Daniel - 2012
framework that emphasizes commitment. We build a model where the policy-maker has a tariff and a production subsidy at its … the policy substitution problem. Finally, we employ the theory to analyze the Subsidies and Countervailing Measures (SCM …
Persistent link: https://www.econbiz.de/10013100012
Cover Image
Subsidizing Renewable Energy Under Capital Mobility
Eichner, Thomas - 2014
outflow to other countries. When the green subsidy is available, countries choose a positive subsidy rate since this reduces … the overall distortion of the tax-subsidy system. In doing so, each country internalizes a larger part of the …. Hence, the subsidy is not only beneficial for the country which imposes it but for all countries …
Persistent link: https://www.econbiz.de/10013069215
Cover Image
Efficiency Enhancing Taxation in Two-Sided Markets
Kind, Hans Jarle - 2008
imposing negative value-added taxes (subsidy) or positive specific taxes …
Persistent link: https://www.econbiz.de/10012772273