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This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin American countries: Brazil, Chile and Mexico, studying a small open economy in the context of an endogenous growth model where the domestic interest rate depends on the level of...
Persistent link: https://www.econbiz.de/10011289284
This paper explores the qualitative and quantitative implications of optimal taxation in a developing economy when economic growth is endogenously determined. We differentiate this class of economies from a developed economy in two aspects: informal sector is quantitatively significant and...
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perspective that focuses on capital accumulation with investment irreversibility. We show that if 1) direct irreversibility of … investment does not rule out the indirect channel of converting dirty capital goods into clean ones through final goods … environmental regulation, through directing investment towards clean capital, does not necessarily leads to asset stranding of dirty …
Persistent link: https://www.econbiz.de/10011925670
This paper estimates the impact of catastrophic natural disasters on economic growth using an event study methodology on a country panel dataset from 1970 to 2019. The severity of the events is determined by the associated mortality. We find that affected economies-which, given the way natural...
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