Narrow search
Showing 1 - 10 of 2,175
Cover Image
Education, Growth, and Redistribution in the Presence of Capital Flight
Chakrabarty, Debajyoti - 2006
The conventional wisdom in the literature on capital controls and growth argues that capital controls increase the ability of a government to tax capitalists which proves detrimental for growth. To address this issue, we construct an OLG model to study the effect of capital controls on human...
Persistent link: https://www.econbiz.de/10012733717
Cover Image
Secular Stagnation, Rational Bubbles, and Fiscal Policy
Teulings, Coen N. - 2016
It is well known that rational bubbles can be sustained in balanced growth path of a deterministic economy when the return to capital <I>r</I> is equal to the growth rate <I>g</I>. When there is a lack of stores of value, bubbles can implement an efficient allocation. This paper considers a world where <I>r</I>...</i></i></i>
Persistent link: https://www.econbiz.de/10012981968
Cover Image
The political economy of redistribution and (in) efficiency in Latin America and The Caribbean
Altube, Matias Guizzo; Scartascini, Carlos G.; Tommasi, … - 2023
“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
Persistent link: https://www.econbiz.de/10014546295
Cover Image
Income inequality, fertility, human capital accumulation and economic growth in Mexico
Charles-Coll, Jorge; Mayer Granados, Elizabeth; Garza … - In: Research in world economy 6 (2015) 1, pp. 172-183
Persistent link: https://www.econbiz.de/10011415617
Cover Image
Fiscal federalism in Nigeria : implication for growth
Onwioduokit, Emmanuel Ating; Esu, Godwin Essang - In: West African journal of monetary and economic integration 18 (2018) 2, pp. 70-95
Nigeria has been a federation before 1963. This was expected to foster speedy growth and development, but military interferences seem to have bedevil this dream. However, an uninterrupted democracy for about 20 years should have produced a significant result, but not much has changed. Many have...
Persistent link: https://www.econbiz.de/10013348422
Cover Image
Federalism, Taxation, and Economic Growth
Hatfield, John William - 2006
We show that federalism will lead to higher economic growth. We present a model of endogenous growth where government services, funded by income and capital taxes, are a component of production. In this model a decentralized government will choose tax policy to maximize economic growth, while a...
Persistent link: https://www.econbiz.de/10012734002
Cover Image
Ageing, government budgets, retirement, and growth
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2011
We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...
Persistent link: https://www.econbiz.de/10009010051
Cover Image
Ageing, government budgets, retirement, and growth
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2011
We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...
Persistent link: https://www.econbiz.de/10009300343
Cover Image
Public debt in an OLG model with imperfect competition : long-run effects of austerity programs and changes in the growth rate
Skott, Peter; Ryoo, Soon - 2013
We show that (i) dynamic inefficiency may be empirically relevant in a modified Diamond model with imperfect competition, (ii) if fiscal policy is used to avoid inefficiency and maintain an optimal capital intensity, the required debt ratio will be inversely related to the growth rate, and (iii)...
Persistent link: https://www.econbiz.de/10010193872
Cover Image
Reconsidering the Impact of Environment on Long-Run Growth When Pollution Influences Health and Agents Have Finite-Lifetime
Pautrel, Xavier - 2014
Using an overlapping generation model a la Blanchard (1985) with human capital accumulation, this article demonstrates that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution on life expectancy. It also shows that, in such a...
Persistent link: https://www.econbiz.de/10012709725