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Fiscal Policy Effectiveness in a Small Open Economy : Estimates of Tax and Spending Multipliers in Paraguay
David, Antonio C. - 2017
This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantially higher than multipliers for current expenditure. In addition, the evidence...
Persistent link: https://www.econbiz.de/10012957837
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Legal conflicts of interest of the revolving door
Brezis, Elise S. - 2017
This paper analyzes the conflicts of interest arising from the "revolving door". The revolving door is a common phenomenon, and it is unlikely that most of it can be explained by "regulatory capture", a practice that is unlawful. Therefore, there is a need for a new framework. This paper...
Persistent link: https://www.econbiz.de/10011640569
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Factor shares, redistribution and growth in a captured democracy
Vindigni, Andrea - 2024
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
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Institutional hierarchies and economic growth : a bundled approach
Helfer, Helena - 2022
Theoretical and empirical evidence on the relationship between institutions and economic prosperity remains ambiguous … bundled approach for measuring institutions. This approach takes into account interrelations in form of hierarchies between … political, economic and the societal institutions and thereby adds to the literature that deals with the mechanisms of economic …
Persistent link: https://www.econbiz.de/10013459883
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Natural resource rents, autocracy and the composition of government spending
Endrikat, Morten - 2017
This paper empirically analyzes the influence of rents from natural resources on the composition of government spending and investigates whether the relationship differs between democracies and autocracies. Both panel data and instrumental variable regressions suggest that there is a negative...
Persistent link: https://www.econbiz.de/10011671270
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Growth and welfare effects of health care in knowledge based economies : conference paper
Kuhn, Michael; Prettner, Klaus - 2013
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010338973
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Promiscuous elites and economic development
Brezis, Elise S. - 2012
This paper analyzes the interconnection between elites and its effects on economic growth. For decades, the bureaucratic elite has been joining the business elite after leaving office, and this in growing numbers. This relationship has been termed "the revolving door" in English, "pantouflage"...
Persistent link: https://www.econbiz.de/10009580747
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Growth and welfare effects of health care in knowledge based economies
Kuhn, Michael; Prettner, Klaus - 2012
We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...
Persistent link: https://www.econbiz.de/10010358148
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The economics of inclusion : building an argument for a shared society
Valenti, Michael A.; Giovannoni, Olivier - 2013
institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world …. -- shared societies ; economic inclusion ; institutions ; economic growth ; income distribution …
Persistent link: https://www.econbiz.de/10009704290
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Inflation and Growth : The Role of Institutions
Yilmazkuday, Hakan - 2020
strength of their institutions. While the effects of inflation on growth are negative and significant in countries with … stronger institutions, they are positive and significant in countries with weaker institutions …
Persistent link: https://www.econbiz.de/10012846059