Narrow search
Showing 1 - 10 of 1,488
Cover Image
The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier - 2004
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10014402004
Cover Image
Globalization, Technological Developments, and the Work of Fiscal Termites
Tanzi, Vito - 2000
Deepening globalization and associated or parallel technological and institutional developments are creating conditions which may reduce the industrial countries’ ability to sustain high levels of taxation. The paper identifies and discusses eight trends which may generate revenue falls. It...
Persistent link: https://www.econbiz.de/10014403516
Cover Image
The Taxation and Regulation of Banks
Keen, Michael - 2011
bank tax, and the U.S. administration has revived its own proposal for such a charge. This paper considers the structure …
Persistent link: https://www.econbiz.de/10014398310
Cover Image
Distortionary Taxation and the Debt Laffer Curve
Husain, Aasim M. - 1992
This paper highlights the importance of the role of the domestic tax system in determining the economic consequences of …” of its debt Laffer curve only if it is on the wrong side of its tax Laffer curve. The analysis indicates that fairly … strong, and probably unrealistic, assumptions about the domestic tax system are needed to argue that the investment …
Persistent link: https://www.econbiz.de/10014395759
Cover Image
Government Spending, Taxes, and Economic Growth
Cashin, Paul - 1994
This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence...
Persistent link: https://www.econbiz.de/10014396020
Cover Image
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
Cover Image
Welfare Gains From Financial Liberalization
Ueda, Kenichi - 2007
Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consumption though, consistent with the literature, the gain in the economic growth is...
Persistent link: https://www.econbiz.de/10014400329
Cover Image
Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model
Ganelli, Giovanni - 2007
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy...
Persistent link: https://www.econbiz.de/10014400345
Cover Image
Lucas vs. Lucas : On Inequality and Growth
Cordoba, Juan Carlos - 2007
Lucas (2004) asserts that ""Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution. The potential for improving the lives of poor people by finding different ways of distributing current production...
Persistent link: https://www.econbiz.de/10014400357
Cover Image
Implications of More Precise Information for Technological Development and Welfare
Eckwert, Bernhard - 2007
This paper analyzes the dynamic interactions between the precision of information, technological development, and welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous effects on technological progress and welfare, which...
Persistent link: https://www.econbiz.de/10014400723