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Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences
Aizenman, Joshua - 2007
capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …
Persistent link: https://www.econbiz.de/10012777949
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Long Workweeks and Strange Hours
Hamermesh, Daniel S. - 2014
American workweeks are long compared to other rich countries'. Much less well-known is that Americans are more likely to work at night and on weekends. We examine the relationship between these two phenomena using the American Time Use Survey and time-diary data from 5 other countries. Adjusting...
Persistent link: https://www.econbiz.de/10013047783
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Why Do Europeans Smoke More than Americans?
Cutler, David M.; Glaeser, Edward L. - 2021
While Americans are less healthy than Europeans along some dimensions (like obesity), Americans are significantly less likely to smoke than their European counterparts. This difference emerged in the 1970s and it is biggest among the most educated. The puzzle becomes larger once we account for...
Persistent link: https://www.econbiz.de/10013215719
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Work and Leisure in the U.S. And Europe : Why so Different?
Alesina, Alberto F.; Glaeser, Edward L.; Sacerdote, Bruce - 2021
Americans average 25.1 working hours per person in working age per week, but the Germans average 18.6 hours. The average American works 46.2 weeks per year, while the French average 40 weeks per year. Why do western Europeans work so much less than Americans? Recent work argues that these...
Persistent link: https://www.econbiz.de/10013231444
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International Differences in Fiscal Policy During the Global Crisis
Bénétrix, Agustín S. - 2010
countries experiencing larger increases in unemployment and where credit growth during the pre-crisis period was more rapid …
Persistent link: https://www.econbiz.de/10013138322
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Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth
McCord, Gordon C. - 2013
, technology, and geography, and that none of these alone is sufficient to account for the diverse patterns of global growth. We … middle income; the distribution of economic activity around the world today; the patterns of growth between 1960 and 2010 …
Persistent link: https://www.econbiz.de/10013074652
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Bank-Based or Market-Based Financial Systems : Which is Better?
Levine, Ross - 2008
robustly linked with economic growth, there is no support for either the bank-based or market-based view …
Persistent link: https://www.econbiz.de/10012774642
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Why is Growth Better in the United States than in Other Industrial Countries
Feldstein, Martin S. - 2017
Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent … years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries …, leading to higher real per capita incomes. This paper discusses ten reasons for the higher rate of real economic growth …
Persistent link: https://www.econbiz.de/10012960796
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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012758136
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World Technology Usage Lags
Comin, Diego - 2010
We present evidence on the differences in the intensity with which ten major technologies are used in 185 countries across the world. We do so by calculating how many years ago these technologies were used in the U.S. at the same intensity as they are used in the countries in our sample. We...
Persistent link: https://www.econbiz.de/10012760552