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Growth and convergence in a two-region model of unified Germany
Funke, Michael; Strulik, Holge - 1999
The paper sets up a two-region endogenous growth model to discuss growth and regional convergence of unified Germany … consistent with the data on government spending in East and West Germany after unification the model suggests that East Germany … will reach eighty percent of West Germany's income per capita between 20 and 30 years after unification and that actual …
Persistent link: https://www.econbiz.de/10009781701
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The marginal cost of public funds : a brief guide
Bastani, Spencer - 2023
When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...
Persistent link: https://www.econbiz.de/10014234016
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Fiscal rules and composition bias in OECD countries
Dahan, Momi; Strawczynski, Michel - 2010
Using a sample of OECD countries, this paper finds that while fiscal rules succeeded in reducing total government expenditures and budget deficits in the medium term, they significantly affected the composition of government expenditure: the ratio of social transfers to government consumption...
Persistent link: https://www.econbiz.de/10003975574
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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10012801569
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Tax cuts starve the beast! : evidence from Germany
Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2019
The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...
Persistent link: https://www.econbiz.de/10012157329
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Tax incentives and business investment : evidence from German bonus depreciation
Eichfelder, Sebastian; Schneider, Kerstin - 2014
business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … incentives were granted for investments in Eastern Germany before 1999. Using business establishments in Western Germany as …
Persistent link: https://www.econbiz.de/10010354738
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Temporary super depreciation allowances for green and digital investments
Funke, Michael; Terasa, Raphael - 2022
As an incentive to increase high-impact investment and boost growth, the German Federal Government is planning to introduce a targeted temporary super depreciation allowance to support much-needed green and digital transitions. Using a calibrated multi-sector DSGE model, we find that the...
Persistent link: https://www.econbiz.de/10013285588
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Germany's economic unification : an assessment after ten years
Sinn, Hans-Werner - 2000
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10009781521
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Total costs and budgetary effects of adaptation to climate change : an assessment for the European Union
Osberghaus, Daniel; Reif, Christiane - 2010
adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of …
Persistent link: https://www.econbiz.de/10003994554
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What determines fiscal policy? : evidence from German states
Berger, Helge (contributor); Holler, Anika (contributor) - 2007
Persistent link: https://www.econbiz.de/10003499703