We evaluate the growth and welfare effects of budget-neutral reforms in the US tax system. Large gains in welfare and … growth could result from adopting a consumption-based tax system. In contrast, significant welfare and growth losses would …-negligible welfare and growth gains. …

The literature on endogenous growth cycles predicts the countercyclical allocation of resources to R&D. However, this … prediction is not supported by empirical studies. This study considers the R&D-based growth model with endogenous fluctuations … introducing population growth and a negative externality that affects the productivity of R&D. We show that this simple …

We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two …

relationship between bureaucratic corruption and economic growth. The analysis shows that the interaction between corruption and … governance shapes the efficiency of public spending, which in turn, determines the growth effects of corruption. Specifically …, corruption improves economic efficiency only when the actual government size is above the optimal level. It implies that a growth …

A simple endogenous growth model is developed to characterize credit rationing through the capital accumulation process …

The paper investigates the local dynamics of a simple growth model with a public health factor. A notable feature of … contributes to labor productivity growth. From a three-dimensional dynamic system that includes physical capital, public health … undiversified growth pattern when converging on high- and low-growth equilibria. Our striking result has important implications in …

determining economic growth in four Latin American countries which suffered hyperinflationary bursts in the 1980s and early 1990s … has had a detrimental effect to growth in the region. All in all, we highlight the fact that excessive inflation has …

The empirical evidence on the relationship between income inequality and economic growth is widely recognized and, now … economic growth and income inequality in the case of Mexico. To this end, a time series of data for the Gini coefficients from … in cross-country growth regressions. We first investigate (and confirm) that the two series of per capita GDP and Gini …

. In order to do this, it is vital to bear in mind the fact that long-term economic growth is characterized by the …

This study reaffirms the empirical evidence of public capital spillovers and endogenous growth by using data for the … significant and sizeable public capital spillover effects, growth in Taiwan is strictly endogenous. Finally, the dynamic model …