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Cyclical Effects of the Composition of Government Purchases
Aziz, Jahangir - 1997
This paper constructs a general equilibrium model with monopolistically competitive firms and endogenous markups where government spending consists of both consumption and investment goods. It is shown that when markups are countercyclical, increases in the share of investment goods in aggregate...
Persistent link: https://www.econbiz.de/10014400420
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Tax elasticity estimates for capital stocks in Canada
Wen, Jean-François; Yilmaz, Fatih - 2020
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open … the interest rate or on the price of capital equipment. Reductions in the federal corporate income tax rate during the …, contribute to the identification of the UCE. To capture the long-run relationship between the capital stock and the user cost of …
Persistent link: https://www.econbiz.de/10012251411
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Are elasticities of taxable income rising?
Klemm, Alexander; Liu, Li; Mylonas, Victor; Wingender, … - 2018
This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable income, which would imply lower optimal tax rates. The...
Persistent link: https://www.econbiz.de/10011878756
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Assessing the Variability of Tax Elasticities in Lithuania
Poghosyan, Tigran - 2011
This paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle in the recent past. Both methods...
Persistent link: https://www.econbiz.de/10014397367
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Elasticity Optimism
International Monetary Fund - 2009
trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …
Persistent link: https://www.econbiz.de/10014402215
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Exchange Rates and Wages in an Integrated World
Spilimbergo, Antonio - 2009
domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of …
Persistent link: https://www.econbiz.de/10014403912
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On the substitution of private and public capital in production
An, Zidong; Kangur, Alvar; Papageorgiou, Chris - 2019
total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect … substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital … private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find …
Persistent link: https://www.econbiz.de/10012154588
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Doing more for less? : new evidence on lobbying and government contracts
Agca, Senay; Igan, Deniz; Li, Fuhong; Mishra, Prachi - 2019
Why do firms lobby? This paper exploits the unanticipated sequestration of federal budget accounts in March 2013 that reduced the availability of government funds disbursed through procurement contracts to shed light on this question. Following this event, firms with little or no prior exposure...
Persistent link: https://www.econbiz.de/10012103562
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The African Continental Free Trade Agreement : welfare gains estimates from a general equilibrium model
Abrego, Lisandro E.; Amado, Maria Alejandra; Gursoy, Tunc; … - 2019
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...
Persistent link: https://www.econbiz.de/10012102028
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Trade wars and trade deals : estimated effects using a multi-sector model
Caceres, Carlos; Cerdeiro, Diego A.; Mano, Rui C. - 2019
This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U.S. auto tariffs. The second analyzes a 'transactional deal'...
Persistent link: https://www.econbiz.de/10012102091