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This monograph examines the growth of public spending in the UK. Using empirical evidence, evidence from theory, and the results of economic modelling, the author considers the wider economic consequences of the current high level of government spending. It is clear from the analysis that UK...
Persistent link: https://www.econbiz.de/10014054447
, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy …, when tax policy relies heavily on income taxation to do so, the analysis suggests a likely negative effect on growth …
Persistent link: https://www.econbiz.de/10010326589
Persistent link: https://www.econbiz.de/10008736763
, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy … tax policy relies heavily on income taxation to do so, the analysis suggests a likely negative effect on growth …
Persistent link: https://www.econbiz.de/10013135700
addition, taxes and transfers contribute less to income redistribution than in other OECD countries. If well designed, reforms …
Persistent link: https://www.econbiz.de/10014156732
After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the fiscal domain is weak. After analyzing the effects of the...
Persistent link: https://www.econbiz.de/10011576575
This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important assumptions made in the literature regarding...
Persistent link: https://www.econbiz.de/10014229776
mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to … whymore inequality can be associated with less, rather than more, redistributive taxation. Our framework displays multiple … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to why … more inequality can be associated with less, rather than more, redistributive taxation. Our framework displays multiple …
Persistent link: https://www.econbiz.de/10014127229
There is scant empirical economic research regarding the way that Latin American governments efficiently allocate their spending across different functions to achieve higher growth. While most papers restrict their analysis to the size of government, much less is known about the composition of...
Persistent link: https://www.econbiz.de/10014495952