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We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates on labour income, capital income, and private consumption to finance productive expenditures,...
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We document large differences between the United States and France in allocations of consumption expenditures and time … regarding allocation of expenditures. Adopting the U.S. consumption tax decreases welfare in France, and adopting the U ….S. social security system increases welfare in France. …
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division of labor. It identifies and analyzes cross-country disparities between France, Italy, Sweden and United States, using …
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, this will be illustrated for the cases of France, Germany, Italy, Japan, Sweden, the UK, and the US. The results are based …
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