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Economic growth with constraints on tax revenues and public debt : implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods …
Persistent link: https://www.econbiz.de/10003854944
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Government Spending, Taxes, and Economic Growth
Cashin, Paul Anthony - 2006
This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence...
Persistent link: https://www.econbiz.de/10012781638
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Growth and Welfare Effects of Fiscal Policy in an Endogenous Growth Model with Public Investment
Greiner, Alfred; Hanusch, Horst - 2012
fiscal policy along the balanced growth path. In particular, we derive the growth maximizing income tax rate and study how …
Persistent link: https://www.econbiz.de/10014215629
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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
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Education and Growth with Learning by Doing
Marconi, Gabriele - 2015
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10013021942
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Government size and economic growth in an endogenous growth model with rent-seeking
Wadho, Waqar; Ayaz, Umair - 2017
We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573
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Environmental Policy, Education and Growth with Finite Lifetime : The Role of the Abtement Technology
Pautrel, Xavier - 2014
production is higher (respectively lower) than in the final output production, a higher environmental tax reduces (resp …
Persistent link: https://www.econbiz.de/10014202489
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Growth, Death, and Taxes
Hendricks, Lutz - 2001
A number of recent studies suggest that flat rate taxes may have important effects on long-run growth in the neoclassical growth model with human capital. In contrast to the traditional human capital literature, these studies assume that agents are infinitely lived and face constant returns in...
Persistent link: https://www.econbiz.de/10014144890
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Computer Technology, Human Labor, and Long-Run Economic Growth
Elliott, Stuart W. - 1998
Over the coming century, computer technology is likely to become capable of reproducing a large portion of the tasks performed by human labor. This paper develops a model of the aggregate economic growth that results when work tasks are transferred from humans to physical capital. The model...
Persistent link: https://www.econbiz.de/10014062624
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Growth, Death, and Taxes
Hendricks, Lutz - 1998
A number of recent studies suggest that flat rate taxes may have important effects on long-run growth in the neoclassical growth model with human capital. In contrast to the traditional human capital literature, these studies assume that agents are infinitely lived and face constant returns in...
Persistent link: https://www.econbiz.de/10014070881