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High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...
Persistent link: https://www.econbiz.de/10009630652
This paper re-estimates the elasticities of government revenue and expenditure items with respect to the output gap for OECD countries. These elasticities are used by the OECD to calculate cyclically adjusted fiscal balances. The study updates the earlier 2005 study using the most recent...
Persistent link: https://www.econbiz.de/10011576962
to achieve convergence of policy outcomes to OECD upper standards is challenging. Efficiency gains in the tax system …
Persistent link: https://www.econbiz.de/10011399630