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This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...
Persistent link: https://www.econbiz.de/10005046045
This paper examines the relationship between tax structures and economic growth by entering indicators of the tax … structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human … growth than taxes on consumption and property. More precisely, the findings allow the establishment of a ranking of tax …
Persistent link: https://www.econbiz.de/10005046159
and financial policies to incorporate fully the implications of the rapid pro-cyclical growth in financial leverage and …
Persistent link: https://www.econbiz.de/10009003058
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the … finding is that growth of the non-OECD G20 countries will continue to outpace OECD countries, but the difference will narrow … the absence of ambitious policy changes, global imbalances will emerge which could undermine growth. However, ambitious …
Persistent link: https://www.econbiz.de/10011276784
Poland’s productivity has grown strongly over the past decade, and efforts to reduce the regulatory burden have been significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly due to the importance of red tape and the level...
Persistent link: https://www.econbiz.de/10011276785
’s strategy – fiscal consolidation, growth-boosting structural reforms and higher inflation – could make to reversing the rise in …-term fiscal strategy. With moderately higher growth coming from increased female labour force participation and higher … productivity growth, as well as inflation gradually rising to 2% thanks to unconventional monetary policy measures, the debt ratio …
Persistent link: https://www.econbiz.de/10011276798
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy … reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic … growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin …
Persistent link: https://www.econbiz.de/10011276802
Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and … product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial … sector. Sustaining vigorous growth over the longer run therefore requires pushing ahead with a number of structural reforms …
Persistent link: https://www.econbiz.de/10011276807
raise long term productivity growth need to be pursued. Current project-based R&D-support and business subsidies seem … current targeted support. Capital taxation should be streamlined to improve incentives for entrepreneurship and growth. The …
Persistent link: https://www.econbiz.de/10011276818
Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical … effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances … countries’ growth could be around ⅔ percentage points lower on average, with around ½ percentage point accounted for by trade …
Persistent link: https://www.econbiz.de/10011276844