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Conventional endogenous growth theory relies on the assumption of constant returns to "broad capital". As Solow pointed out, the strength of this assumption is revealed by recognizing that even the slightest touch of increasing returns creates explosive growth: infinite output in finite time!...
Persistent link: https://www.econbiz.de/10010320925
Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper …-country overlapping generations model with endogenous growth and internationally mobile capital. It shows that domestic capital taxes … necessarily the same. A country can increase its share of the existing world capital by changing its taxes but, depending on the …
Persistent link: https://www.econbiz.de/10012783173
Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper …-country overlapping generations model with endogenous growth and internationally mobile capital. It shows that domestic capital taxes … necessarily the same. A country can increase its share of the existing world capital by changing its taxes but, depending on the …
Persistent link: https://www.econbiz.de/10014070094
taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … rate while increasing subsidies have the opposite effect. We also find that supporting sectors by providing them with …
Persistent link: https://www.econbiz.de/10008746684
taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … rate while increasing subsidies have the opposite effect. We also find that supporting sectors by providing them with …
Persistent link: https://www.econbiz.de/10003762230
taxes have no impact on dynamics except when the tax rate varies over time. Constant research subsidies raise the growth … rate while increasing subsidies have the opposite effect. We also find that supporting sectors by providing them with …
Persistent link: https://www.econbiz.de/10014202253
Persistent link: https://www.econbiz.de/10001752634
damaging subsidies is lacking. Environmentally damaging subsidies are all kinds of direct and indirect subsidies aimed at … article develops a transparent method to determine the environmental impact of indirect government subsidies and derive policy … lessons. This method has been applied to several major subsidies in the Netherlands, namely in agriculture, energy, and …
Persistent link: https://www.econbiz.de/10011335220
The paper provides an introduction to energy, respective resource, use within the framework of endogenous growth models. We provide an overview of different modeling approaches as well as intuition with respect to the results obtained. We consider the source problem, i.e., the supply of energy,...
Persistent link: https://www.econbiz.de/10013069538
In this paper the impacts of income and consumption taxes are analyzed within a model of stochastic endogenous growth …
Persistent link: https://www.econbiz.de/10011526036