The paper presents a human capital based theory of the sectoral transformation along the balanced growth path …

RBC data: output growth persistence, with hump-shaped impulse responses; hump-shaped physical capital investment impulse …

RBC data: output growth persistence, with hump-shaped impulse responses; hump-shaped physical capital investment impulse …

The paper formalizes the relation between flat taxes and growth when there is a competitive equilibrium tax evasion. A … intermediation microfoundation approach, with deposits as an input. Across a class of endogenous growth models, tax evasion decreases … the effective tax rate, and thereby lessens the negative effect of taxes on growth. And as the tax rate rises, tax evasion …

RBC data: output growth persistence, with hump-shaped impulse responses; hump-shaped physical capital investment impulse … capital ; endogenous growth …

The paper shows a key role of human capital in explaining how US postwar growth and welfare could have increased while … tax evasion within an endogenous growth model with human capital. A trend upwards in the productivity of the goods or … capital relative to the goods sector. We show that in a special case of exogenous growth without human capital investment, the …

The paper formalizes the relation between flat taxes and growth when there is a competitive equilibrium tax evasion. A … intermediation microfoundation approach, with deposits as an input. Across a class of endogenous growth models, tax evasion decreases … the effective tax rate, and thereby lessens the negative effect of taxes on growth. And as the tax rate rises, tax evasion …

(1995) are captured: persistent movements in the growth rates of output and hump-shaped impulse responses of output. Further …

(1995) are captured: persistent movements in the growth rates of output and hump-shaped impulse responses of output. Further …

The paper presents an endogenous growth economy with a representation of the tax rate system in the Baltic countries … affect the growth rate and welfare, including transition dynamics. Comparing the actual reform effects to hypothetical tax …