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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
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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
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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
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Fiscal Policy Through Time-Varying Tax Rates : If and How
Kaufman, Martin David - 2000
This paper investigates if there are circumstances where time-varying tax rates could improve welfare and whether such …, the paper highlights the very particular circumstances that need to prevail. With liquidity constraints, a consumption-tax … break is in a better footing to boost consumption and welfare than an income-tax break. A hike in consumption taxes can also …
Persistent link: https://www.econbiz.de/10014400096
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Tracing productivity growth channels in the UK
Garcia-Macia, Daniel; Korosteleva, Julia - 2021
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation, using registry data on the universe of firms. The...
Persistent link: https://www.econbiz.de/10012795165
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Finance, growth, and inequality
Levine, Ross - 2021
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
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The macroeconomic effects of labor and product market reforms in Morocco
Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019
This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012122485
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Innovate to lead or innovate to prevail : when do monopolistic rents induce growth?
Piazza, Roberto; Zheng, Yu - 2019
This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically ad- vanced the leader is, the harder it is for a...
Persistent link: https://www.econbiz.de/10012155163
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Macroeconomic policy, product market competition, and growth : the intangible investment channel
Ahn, JaeBin; Duval, Romain; Sever, Can - 2020
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012170156
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Inequality of opportunity, inequality of income and economic growth
Aiyar, Shekhar; Ebeke, Christian - 2019
We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent...
Persistent link: https://www.econbiz.de/10012009340