The purpose of this paper is to conduct a positive analysis of the effect of the pollution taxation on the cross-country location of firms, on the volume of production and on welfare. In particular, we focus on the environmental problem arising when the production generates strictly local...

This paper shows that in a three-sector model of endogenous growth with physical and human capital accumulation, taxation policy can generate indeterminacy under plausible parameterizations. The key for this result is that the accumulation of human capital is a non-market activity in which...

En este trabajo utilizamos un modelo de equilibrio general dinámico para cuanti…car el coste de bienestar del sistema impositivo español. Calibraremos el modelo neoclásico de crecimiento para replicar algunos características relevantes de la economía española, poniendo especial interés...