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This paper develops an endogenous growth ramework with externalities due to learning by doing and trade openness to show that these externalities are significant for 6 Asian countries. The estimated parameters of the augmented production functions are used to compute the steady state growth...
Persistent link: https://www.econbiz.de/10005789773
Using long historical data for Britain over the period 1620-2006, this paper seeks to explain the importance of innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post-Malthusian growth regime. Furthermore, the paper tests the...
Persistent link: https://www.econbiz.de/10008550568
In this paper, we take a new look at the effects of the subsidy policy and the government’s R&D activities in an R&D-based growth model. The government not only subsidizes the R&D cost of the firms but also engages in R&D activities and, in addition, levies a specific tax on the firms...
Persistent link: https://www.econbiz.de/10008776856
Recent developments in endogenous growth models have enabled researchers to reconsider some key events such as the take-off of the United States in the twentieth century. This paper investigates the roles played by innovative activity and population growth on comparative total factor...
Persistent link: https://www.econbiz.de/10009021990
This paper studies the equilibrium dynamics of a growth model with public finance where two different allocations of …
Persistent link: https://www.econbiz.de/10009647265
the lines of Hall-Rabushka (1995). We, furthermore, calculate the post-reform transition dynamics for a number of …
Persistent link: https://www.econbiz.de/10008493038
This paper studies the impact of taxation on economic growth of the eight WAEMU countries. Among the critiques addressed to the public sector, numerous are those that refer principally to the negative effects which entail high weight and increasing of taxation. The growth rate can be influenced...
Persistent link: https://www.econbiz.de/10011150776
This paper looks at the effects of taxes increase on economic growth of 47 developing countries. In developing countries, there is no magic tax strategy to encourage economic growth. Some countries with high tax burdens have high growth rates and some countries with low tax burdens have low...
Persistent link: https://www.econbiz.de/10011156993
In this study, the overall sum of the activities of the public sector in the economy, "public economic efficiency" and the event is defined as the conjectural characteristics of the different forms have changed, but is assumed to continue. Still the primary economic goals set by the mechanisms...
Persistent link: https://www.econbiz.de/10011110011
permanently reduces the levels of output, consumption and employment. Taking into account transition dynamics, we �nd that social …
Persistent link: https://www.econbiz.de/10011259473