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standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living …
Persistent link: https://www.econbiz.de/10014551008
China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local TFP dynamics, and regional inequality itself generates...
Persistent link: https://www.econbiz.de/10014456599
framework for the analysis of the relationship between taxation and economic growth. The second part focuses on the relations … between central government decisions on taxation and its influence on savings, investments and economic growth. In this part … authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and …
Persistent link: https://www.econbiz.de/10010515544
Canada's tax system needs a new blueprint to respond to challenges from global trends, according to a groundbreaking report released today. In “Tax Policy for a New Era: Promoting Economic Growth and Fairness,” author Kevin Milligan proposes a reformed tax system that would achieve both...
Persistent link: https://www.econbiz.de/10013042918
The Partnerships pillar of the 2030 Agenda for Sustainable Development cuts across all the goals focusing on the mobilisation of resources needed to implement the agenda. Thailand’s “sufficiency economy philosophy” encourages the prioritisation of long-term sustainability over short-term...
Persistent link: https://www.econbiz.de/10011914182
This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and …
Persistent link: https://www.econbiz.de/10011578194
To fulfill their tasks, governments rely on public expenditures and taxes. Both influence the incentives and shape the decisions and actions of private economic agents. As governments resort to both instruments simultaneously, their combined theoretical impact on economic performance is a priori...
Persistent link: https://www.econbiz.de/10013123485
Growth models predict that taxation may have permanent effects on per capita real GDP growth. We look at, and test this … taxation on capital share parameters. The estimation technique allows to deal with unobserved heterogeneity and to perform a …
Persistent link: https://www.econbiz.de/10012834659
In this paper, we examine the tourism sector in Maldives, focusing on tax revenue generation and long-run growth potential. We present a sectoral outlook for tourism and use time-series econometric techniques to estimate long-run tax base elasticities. We focus specifically on international...
Persistent link: https://www.econbiz.de/10013243594
This paper identifies tax policy that both speeds recovery from the current economic crisis and contributes to long-run growth. This is a challenge because short-term recovery requires increases in demand while long-term growth requires increases in supply. As short-term tax concessions can be...
Persistent link: https://www.econbiz.de/10008500703