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Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...
Persistent link: https://www.econbiz.de/10008498993
The elasticity of taxable income has primary importance both from a theoretical and from a policy perspective. In this … paper we estimate how the declared taxable income of taxpayers eligible for the family allowance changed following the … introduction of the allowance in 2011. Our results show that the taxable income was more responsive to tax changes compared to …
Persistent link: https://www.econbiz.de/10015261094
Given that young children are under the control of their parents, if the government has a interest in either the welfare or the productivity of the former, it has no option but to act through the latter,. Parents are, in the ordynary sense....
Persistent link: https://www.econbiz.de/10004998492
In Hungary, more than 670,000 SMEs operate (99% coverage), which employ the 70% of all employees, more than 1.9 million people. The operating small and medium-sized enterprises are characterized by a strong territorial concentration: Central Hungary's weight is outstanding (40%). In the case of...
Persistent link: https://www.econbiz.de/10015262085
It is a highly disputed question in the literature how state subsidy influences the behavior of the entrepreneurs and accordingly the growth prospects of the economy. Most authors agree that state intervention in financing deteriorates the incentives of the entrepreneur, but there is no...
Persistent link: https://www.econbiz.de/10010494606
In this paper we investigate the relationship between sustainability and economic growth starting from Stern (2006) which is the first comprehensive analysis of the global warming from economic point of view. We also discuss the critical debate of this study which was focused mainly on the...
Persistent link: https://www.econbiz.de/10010494609
Enabling educated individuals to work abroad entails a brain drain and results in educated unemployment at home. Because the prospect of migration raises the expected returns to higher education it also facilitates a "brain gain": a eveloping economy ends up with a higher fraction of educated...
Persistent link: https://www.econbiz.de/10005577160
The Hungarian Personal Income Tax system is being transformed between 209 and 2013. Tax brackets and the previously … existing tax credit is being abolished and this changes the net/gross income ratios in all income categories. This does not … only lead to a significant loss in government's income, but also changes redistribution within the society. However …
Persistent link: https://www.econbiz.de/10009301400
It is a highly disputed question in the literature how state subsidy influences the behavior of the entrepreneurs and accordingly the growth prospects of the economy. Most authors agree that state intervention in financing deteriorates the incentives of the entrepreneur, but there is no...
Persistent link: https://www.econbiz.de/10010429128
In this paper we investigate the relationship between sustainability and economic growth starting from Stern (2006) which is the first comprehensive analysis of the global warming from economic point of view. We also discuss the critical debate of this study which was focused mainly on the...
Persistent link: https://www.econbiz.de/10010462537