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growth enhancing tax and expenditure reform. We quantitatively illustrate that this reform based strategy, by … reapingsubstantial efficiency gains and inducing strong growth, eliminates the Covid debt, protects per capita social entitlements and …
Persistent link: https://www.econbiz.de/10012796971
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …
Persistent link: https://www.econbiz.de/10012195896
This paper empirically studies whether it pays off (in terms of economic growth) to fulfill the convergence criteria on … show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with … European economies outside the Euro-zone shows higher growth values for Euro-members than for the control group. Regression …
Persistent link: https://www.econbiz.de/10011557773
endogenous growth and optimal fiscal policy, in which two political parties can alternate in power. We show that re …
Persistent link: https://www.econbiz.de/10011409401
with real per capita GDP growth rates for 43 developing countries between 1990 and 2019. We use panel data techniques to … evaluate the effects of taxation on economic growth for both short and long run perspectives, and to find optimal tax threshold … about policies focused on raising certain tax revenues, as a percentage of GDP, without hampering economic growth. …
Persistent link: https://www.econbiz.de/10013255645
This paper searches for a general equilibrium model of optimal growth and endogenous fiscal policy with the aim of …
Persistent link: https://www.econbiz.de/10009781505
-best outcome in the canonical model (without delays). The presence of delays also lowers equilibrium growth, and leads to a … diverging growth path relative to that implied by the canonical model. This suggests that delays in public capital provision may … be a potential determinant of cross-country differences in income and economic growth. …
Persistent link: https://www.econbiz.de/10011602807
-2014 and examine how austerity is associated with economic growth. The results show that depending on how austerity is measured …
Persistent link: https://www.econbiz.de/10011997341
We examine how fiscal rules influence economic growth. The results show that constitutional fiscal rules promoted … growth from the Industrial Revolution until World War II (1789-1950) and also increased modern economic growth (1985 … rules also increased economic growth at the sub-national level. …
Persistent link: https://www.econbiz.de/10012219378
rating, debt rating and revenue rating) on economic growth in the 46 Least Developed Countries (LDCs) in the world, during … the period 1990-2022. We also investigate the role of key fiscal variables on economic growth (government debt … economic growth. We also find that the influence of government debt and tax revenue can contribute to influence economic growth …
Persistent link: https://www.econbiz.de/10014578575