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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences

Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods …

Persistent link: https://www.econbiz.de/10003854944

Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences

Aizenman, Joshua (contributor); Kletzer, Kenneth (contributor) - 2007

Persistent link: https://www.econbiz.de/10003411821

Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences

Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007

Persistent link: https://www.econbiz.de/10003408551

Military Expenditure, Threats, and Growth

Aizenman, Joshua; Glick, Reuven - 2003

This paper clarifies one of the puzzling results of the economic growth literature: The impact of military expenditure is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense and the military. We start by empirical evaluation of...

Persistent link: https://www.econbiz.de/10014087609

FDI and Trade - Two Way Linkages?

Aizenman, Joshua; Noy, Ilan - 2005

The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and...

Persistent link: https://www.econbiz.de/10014065043

Real exchange rate, mercantilism and the learning by doing externality

Aizenman, Joshua; Yi, Chae-u - In: Pacific economic review 15 (2010) 3, pp. 324-335

Persistent link: https://www.econbiz.de/10008701710

The real exchange rate, mercantilism and the learning by doing externality

Aizenman, Joshua; Yi, Chae-u - 2008

"This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...

Persistent link: https://www.econbiz.de/10003681919

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...

Persistent link: https://www.econbiz.de/10012772382

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

Persistent link: https://www.econbiz.de/10012464794

House Valuations and Economic Growth : Some International Evidence

Aizenman, Joshua - 2016

This paper evaluates the relation between house prices and economic growth. Using a dataset that covers house prices for 19 countries from the first quarter of 1975 to the third quarter of 2013. We find that house price appreciations are positively associated with economic growth, while the...

Persistent link: https://www.econbiz.de/10012455981

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