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Productive government expenditure and economic growth
Irmen, Andreas; Kuehnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10003747332
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The Dual Nature of Public Goods and Congestion : The Role of Fiscal Policy Revisited
Chatterjee, Santanu - 2011
The role of fiscal policy is examined when public goods provide both productive and utility services. In the presence of congestion, the consumption tax is shown to be distortionary. Optimal fiscal policy involves using consumption-based instruments in conjunction with the income tax. An income...
Persistent link: https://www.econbiz.de/10012714559
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Productive Government Expenditure and Economic Growth
Irmen, Andreas; Kuehnel, Johanna - 2021
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10013316522
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Delays in public goods
Chatterjee, Santanu; Posch, Olaf; Wesselbaum, Dennis - 2017
In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...
Persistent link: https://www.econbiz.de/10011602807
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Fiscal and Monetary Policy in the Presence of Informality and the Incentive to Join a Currency Union
Bandaogo, Mahama Samir - 2018
and is subject to taxation, but it can hire workers using both formal and informal contracts. I show that the presence of …
Persistent link: https://www.econbiz.de/10012929781
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Taxation, inequality, and poverty : evidence from Ukraine
Markina, Oksana - In: Central European economic journal 9 (2022) 56, pp. 1-18
recommendations on how taxation should be used to address problems of inequality and poverty. The research methodology is based on a … taxation and social spending on inequality and poverty in individual countries. The dataset consists of data from the World … its redistributive policies. The article contributes to the academic literature on the impact of taxation on poverty and …
Persistent link: https://www.econbiz.de/10013198001
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Optimal Fiscal Policy under Multiple Equilibria
Ennis, Huberto M. - 2013
We study optimal fiscal policy in an economy where (i) search frictions create a coordination problem and generate multiple, Pareto-ranked equilibria and (ii) the government finances the provision of a public good by taxing market activity. The government must choose the tax rate before it knows...
Persistent link: https://www.econbiz.de/10013086708
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The Composition of Public Finances and Long-Term Growth : A Macroeconomic Approach
Castro, Francisco de - 2008
This study reviews, from both a theoretical and empirical perspective, the links between composition and quality of public finances, on the one hand, and long-term economic growth, on the other, focusing on the EU-15 countries. Specifically, for a given level of the general government balance,...
Persistent link: https://www.econbiz.de/10012722832
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Optimal Fiscal Policy and the Environment
Ligthart, Jenny E. - 2006
The paper studies the setting of optimal fiscal policy in a second-best world with environmental externalities. The optimal second-best pollution tax is shown to lie below the first-best Pigovian tax, particularly if substitution between labor and polluting intermediate inputs is easy, the labor...
Persistent link: https://www.econbiz.de/10012782132
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Political Gridlock as a Fiscal Policy Commitment Device
Akemann, Michael Patrick; Kanczuk, Fabio - 2000
We construct a dynamic model to study the interaction between households' investment decisions, their voting strategies, and government's choice of fiscal policy. Our purposes are threefold. First, we provide a theory of the beneficial effects of political "gridlock". Second, we characterize an...
Persistent link: https://www.econbiz.de/10014160848