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of capital and labor, particularly unskilled labor. The good news for the developed world is that China and India will … unskilled workers reflects, in large part, simply the fact that China and India are gradually bringing each of their skill …
Persistent link: https://www.econbiz.de/10014189159
The goal of this research paper is to empirically assess the potential effects of macroeconomic determinants of economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist countries from Central and Eastern Europe (CEE) which are...
Persistent link: https://www.econbiz.de/10011841826
Using a cross-country panel of 92 developing countries over the period 1990-2014, this paper examines the impacts of sector growth on income inequality. Most low-income people in developing countries are involved in agriculture and related industries, and directly utilize natural resources. The...
Persistent link: https://www.econbiz.de/10012944898
Over the last decades, the United States has experienced a large increase in, both, income inequality and living standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living standards play no role for taxes and transfers in...
Persistent link: https://www.econbiz.de/10014551008
This paper identifies the fiscal instruments that governments can use to promote economic growth when sociopolitical instability (SPI) is present. We show that fiscal policy that takes into account income distribution and SPI transforms a neoclassical growth model into one with both endogenous...
Persistent link: https://www.econbiz.de/10011056288
in China. We attempt to answer two questions. First, does inequality of after-transfer income narrow, compared to that of …
Persistent link: https://www.econbiz.de/10011876617
Using the data from the China Household Income Project (CHIP) in 2002, 2007, and 2013, this chapter examines the … benefits. Despite the expansion of social policy during this period, in both urban and rural China market forces still played a … social benefits. These results suggest that China’s future social policy reforms face continued challenges in terms of …
Persistent link: https://www.econbiz.de/10011876634
Persistent link: https://www.econbiz.de/10009155348
The adoption of the value-added tax has arguably been one of the most important tax policy measures worldwide, but is also one of the most heatedly debated. While some argue that the VAT has served as a useful tool to boost government revenue, others claim that it is also a regressive tax,...
Persistent link: https://www.econbiz.de/10011384093
My aim in this paper is simply to explore in an admittedly discursive and preliminary fashion some aspects of the complex balancing act needed to achieve economically and politically sustainable tax systems in Latin America. By a “sustainable” tax system I mean one that is sufficiently...
Persistent link: https://www.econbiz.de/10013160452