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Publicly Financed Education in an Endogenous Growth Model

Creedy, John; Gemmell, Norman - 2002

This paper constructs an endogenous growth model, applicable largely to developing countries, based on human capital … physical capital are financed from taxes on wage and capital income, and consumption. The equilibrium growth properties of the … capital production function and the strength of labour supply effects are shown to be important for the magnitude of steady …

Persistent link: https://www.econbiz.de/10012115511

Fiscal Policy, Growth and Convergence in Europe

Gemmell, Norman; Kneller, Richard - 2003

Recent evidence on the impact of fiscal policy – taxes, public expenditures and budget deficits – on long-run growth in OECD countries has adopted the Barro (1990) framework to distinguish between ‘productive' and ‘unproductive' expenditures, and ‘distortionary' and...

Persistent link: https://www.econbiz.de/10012115531

Pensions, Savings and Housing: A Life-cycle Framework with Policy Simulations

Creedy, John; Gemmell, Norman; Scobie, Grant - 2014

The objective of the paper is to explore the saving and consumption responses of a representative household to a range of policy interventions such as changes in taxes and pension settings. To achieve this, it develops a two-period life-cycle model. The representative household maximises...

Persistent link: https://www.econbiz.de/10012115681

Do Smaller Governments Raise the Level or Growth of Output? A Review of Recent Evidence

Gemmell, Norman; Au, Joey - In: Review of Economics 64 (2013) 2, pp. 85-116

Abstract Theoretical developments, improved methodologies and more extensive data have helped generate a dramatic increase in the literature testing for the impact of government size and fiscal policy on economic growth in recent years. We review a range of the more recent evidence and examine...

Persistent link: https://www.econbiz.de/10014619287

The growth effects of corporate and personal tax rates in the OECD

Gemmell, Norman; Kneller, Richard; Sanz, Ismael - 2011

Recent aggregate tests of the impact of taxes on long-run growth rates in the OECD countries remain vulnerable to two important criticisms. First, they typically use 'an aggregate average rate, or constructed marginal rate, that probably does not affect the rate that any particular economic...

Persistent link: https://www.econbiz.de/10009441604