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Trade structure and growth effects of taxation in a two-country world

Amano, Daisuke; Itaya, Jun-ichi; Mino, Kazuo - 2014

This paper explores the long-run impacts of tax policy in a two-country model of endogenous growth with variable labor supply. We focus on international spillover effects of tax reforms under alternative trade structures. It is shown that if the instantaneous utility function of the...

Persistent link: https://www.econbiz.de/10010375183

Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation : the case of Bulgaria

Vasilev, Aleksandar - 2016

We show that in a endogenous growth model with human accumulation calibrated to Bulgarian data under the progressive taxation regime (1993-2007), the artificial economy exhibits equilibrium indeterminacy. These results are in line with the recent findings in Chen and Guo (2015) in the context of...

Persistent link: https://www.econbiz.de/10011514522

The welfare effect of flat income tax reform : the case of Bulgaria

Vasilev, Aleksandar - 2015

This paper is a first attempt to provide a quantitative evaluation of the welfare gains resulting from the introduction of flat income taxation in Bulgaria in 2008. Using a calibrated micro-founded endogenous growth model with physical and human capital accumulation to Bulgarian data, a...

Persistent link: https://www.econbiz.de/10011518440

The welfare effect of flat income tax reform : the case of Bulgaria

Vasilev, Aleksandar - 2015

Persistent link: https://www.econbiz.de/10011488496

Factor Income Taxation in a Horizontal Innovation Model

Long, Xin - 2013

We consider the optimal factor income taxation in a standard R&D model with technical change represented by an increase in the variety of intermediate goods. Redistributing the tax burden from labor to capital will in most cases increase the employment rate in equilibrium. This has opposite...

Persistent link: https://www.econbiz.de/10013083108

Growth Effects of Income and Consumption Taxes : Positive and Normative Analysis

Roubini, Nouriel - 2006

The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the...

Persistent link: https://www.econbiz.de/10012781895

Fiscal Policy Reforms and Dynamic Laffer Effects

van Oudheusden, Peter - 2010

We examine the impact of fiscal policy reforms on the long-run government budget balance in a one-sector model of endogenous growth with factor income taxes, a tax on consumption, non-productive public goods expenditures, and a labour-leisure trade-off. In addition, we allow for different...

Persistent link: https://www.econbiz.de/10013147750

Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation

Vasilevski, Aleksandar - 2016

We show that in an endogenous growth model with human accumulation calibrated to Bulgarian data under the progressive taxation regime (1993-2007), the artificial economy exhibits equilibrium indeterminacy. These results are in line with the recent findings in Chen and Guo (2015) in the context...

Persistent link: https://www.econbiz.de/10011784568

Optimal conventional stabilization policy in a liquidity trap when wages and prices are sticky

Belgibayeva, Adiya; Horváth, Michal - 2015

Persistent link: https://www.econbiz.de/10011318427

Labour Taxation and Shock Propagation in a New Keynesian Model with Search Frictions

Vanhala, Juuso - 2007

employment adjustment implies a key role for labour markets in determining shock propagation. We consider three policy … shock responses whereas employment subsidies weaken them. The tax instruments affect the degree to which the wage absorbs … is initially proportional, increasing progression is beneficial for output and employment and dampens shock responses of …

Persistent link: https://www.econbiz.de/10014223792

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