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This article challenges the conventional result that a tighter environmental tax has no long-run effect on human capital accumulation in the presence of pollution arising from final output production. It demonstrates that the technology used in the abatement sector determines the existence and...
Persistent link: https://www.econbiz.de/10008903411
In a two-period overlapping generations model, this paper demonstrates that the relationship between the environmental taxation and the economic activity (level- and growth-output) becomes inverted-U shaped, when the detrimental impact of pollution on health and the private decision of each...
Persistent link: https://www.econbiz.de/10008840055
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In this paper, we explore the proposition that the optimal capital income tax is zero using an overlapping generations model. We prove that for a large class of preferences, the optimal capital income tax along the transition path and in steady state is non-zero. For a version of the model...
Persistent link: https://www.econbiz.de/10011782623
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Measurement forms the substance of econometrics. This chapter outlines the history of econometrics from a measurement … perspective - how have measurement errors been dealt with and how, from a methodological standpoint, did econometrics evolve so as … to represent theory more adequately in relation to data? The evolution is organized in terms of four phases: 'theory and …
Persistent link: https://www.econbiz.de/10003407670
reveals that much of the interaction between econometrics and economics involved modellers taking certain tradeoffs between …This paper examines the history of econometrics through a particular case study - modelling the tradeoff between … different concerns and the different problems that they encountered has fed back into the development of econometrics. The study …
Persistent link: https://www.econbiz.de/10003933933
, relating them to Frisch's later works and, more important, to subsequent developments in economics and econometrics. -- History … Economic Theory: The Yale Lectures of Ragnar Frisch (details at: http://www.routledgeeconomics.com/books/A-Dynamic-Approach-to-Economic-Theory … of econometrics …
Persistent link: https://www.econbiz.de/10003990421