An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold … of around 12 3/4 percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In …

Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development …? We give an empirical answer to this question by investigating the existence of a tipping point in tax-to-GDP levels. We … are similar at about 12 3/4 percent of GDP. For the contemporary dataset we find that a country just above the threshold …

long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios …

inequality. Episodes marked by extreme austerity-measured using either the government's fiscal balance, health expenditures or … understandable concerns about high public debt-to-GDP ratios …

-border bank lending. The magnitude of the effect is also economically significant: the effect of 1 percent of GDP increase …

spending of 1 percent of GDP over 5 years is associated with a cumulative increase in the Gini coefficient over the same period …