We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the … inflation first begins to seriously negatively affect growth is around 8% for industrial economies but 3% or less for developing … countries. Marginal growth costs for developing countries then decline significantly above 50% inflation. Failure to account for …

seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …

This paper explores how revenue-neutral tax reforms impact employment and economic growth in a model of endogenous … growth and search frictions on the labor market. We analyze how savings and the incentive to create new jobs are affected by … observe an increase in both growth and, via the capitalization effect, employment. Most other tax reforms, however, imply a …

This paper explores how revenue-neutral tax reforms impact employment and economic growth in models of exogenous and … endogenous growth and search frictions on the labor market. We show that (i) a cut in the payroll tax financed by an increase in … the wage tax lowers both equilibrium employment and the equilibrium growth rate, that (ii) a higher energy tax combined …

This paper explores how revenue-neutral tax reforms impact employment and economic growth in a model of endogenous … growth and search frictions on the labor market. We analyze how savings and the incentive to create new jobs are affected by … observe an increase in both growth and, via the capitalization effect, employment. Most other tax reforms, however, imply a …

This paper examines the relationship between stock market development and economic growth in case of Argentina … activity. The results are in line with the theory that states that the development of financial markets impact on economic … growth. …

, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy … quality of public finances and economic growth. Based on the conceptual framework for linking the quality of public finances … and economic growth that has been developed by the European Commission and applied to the EU Member States, this study …

There are common narratives about economic growth in Ethiopia. We analyze four common narratives, namely, that (1) the … economy is transforming from agriculture to industry, (2) that national economic growth has been rapid and sustained, (3) that …

We examine how institutional and policy reforms affect the relationship between entrepreneurship and growth. We perform … effect of trade reform and entrepreneurship on growth is negative, suggesting that trade reform diminishes the positive … effects of entrepreneurial ability on growth, while the joint effect of financial sector reform and entrepreneurship has a non …