This article provides an empirical investigation of the effects of public investment on the evolution of private investment in the United States. It is based on the impulse response analysis associated with vector auto-regressive (VAR) estimates. The empirical results suggest that at the...

This study analyzes the effects of public and private research and development (R&D) on private-sector output, employment, and investment using a multivariate time-series approach. This approach follows the conceptual argument that dynamic feedbacks are essential to understanding the...

This article investigates the effects of international public transfer programs from the European Union (EU) on the investment and growth paths of the recipient economies-Greece, Ireland, Portugal, and Spain—and, ultimately, on the convergence of these economies to EU standards of living....

This article generalizes the traditional concept of equal yield tax alternatives to accommodate government deficits in an intertemporalframework. This generalization is important for the analysis of actual tax reform proposals. First, the comparison of the several equal yield alternatives...

Using a two-country static general equilibrium model with two goods (tradables and nontradables) and heterogeneous households (laborers and capital owners), this article analyzes how real exchange rate and income redistribution affect the optimal taxation of foreign source investment income. It...

This article explores the capacity for environmental fiscal reform to reduce carbon dioxide (CO2) emissions, stimulate economic performance, and promote fiscal sustainability. Simulation results suggest that reforms based on CO2 taxation stimulate gross domestic product (GDP) when tax revenues...