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system are derived. The concrete application of these rules leads to recommendations for a policy of sustainability with …
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Having sufficient fiscal capacity to tax is a key hallmark and defining feature of states, and there is a growing literature trying to explain its origins. Existing empirical evidence on fiscal capacity is scarce and focuses on large, ex-post successful territories. In this paper we study the...
Persistent link: https://www.econbiz.de/10012064754
Green start-ups play a vital role in the needed transition towards more environmentally sustainable economies. Yet our understanding of why some founders start green ventures and others do not remains incomplete. We build on the cognitive and decision-making perspectives on start-ups...
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the specific trade measures do not contradict efforts on sustainability in exporting countries. Against this background we …
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: Fiscal sustainability and Wagner’s law of an increasing state activity. In this paper, we argue that these two relationships … should be analyzed simultaneously and not separately. We show how Wagner’s law might influence fiscal sustainability and how … results indicate sustainability of public finances only until 1973. We show that, for the period after 1973, it is the …
Persistent link: https://www.econbiz.de/10009528897
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Using an estimated large-scale New-Keynesian model, we assess welfare and business cycle consequences of a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority. Relative to the status quo,...
Persistent link: https://www.econbiz.de/10011546743